Bitcoin fork surges 110% in price this week

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The cryptocurrency market is currently in a period of significant growth, with the 24-hour trading performance of multiple digital assets showing significant growth.

This trend is led by Filecoin (FIL) and Bitcoin SV (BSV) (a fork of Bitcoin), but it also extends to various other cryptocurrencies.

FIL has gained 12% in the past 24 hours.

FIL 4-hour price chart. Source: TradingView

Followed by BSV, the price increased by 9.6% in the past 24 hours. Looking at the weekly time frame, the altcoin is up around 110%, making it the best-performing cryptocurrency over the past week.

FIL 4-hour price chart. Source: TradingView

Other cryptocurrencies also posted notable gains, including: Tokenize Xchange (TKX) rose 8.4%, while WEMIX rose 7.3%. The Graph (GRT) is attracting attention with a 7.1% gain.

Maker (MKR) and Fantom (FTM) are also part of this upward trend, with each token gaining around 5%.

Additionally, Tezos (XTZ) and Kava (KAVA) gained 4.5% and 3.7% respectively.

South Korea’s impact on the rise of BSV

Echoing last week’s trend, South Korean traders are once again supporting BSV’s rise.

This recurring pattern of impact is centered on South Korea’s largest cryptocurrency exchange, Upbit. Bithumb, another major local exchange, also ranks among the top three in terms of trading volume.

Notably, these two exchanges accounted for nearly 70% of the total cryptocurrency trading volume in the past 24 hours.

Despite this surge, it is worth noting that Bitcoin SV is still down 78.51% from its all-time high.