Bitcoin SV soared 102% in a week, reaching a new high in nearly two years
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Bitcoin SV continues to rise, surpassing the $100 mark for the first time since February 2022.
The significant price increase (more than 102% in a week) is mainly attributed to increased market interest and trading activity in South Korea.South Korean Cryptocurrency Exchange upper bits It has always been the focus of BSV-related activities. Today, Upbit’s BSV trading volume reached $275 million.
The price increase follows an even more impressive trading day on Boxing Day last week, when the exchange saw over $500 million in Bitcoin SV trading volume. This trend is not limited to Upbit, OKX’s token trading volume has also increased significantly, with over $47.5 million in trading volume today. BSV trading volume has increased by more than 300% in the past 24 hours.
Bitcoin SV, short for Bitcoin Satoshi Vision, is a cryptocurrency that was born from the hard fork of Bitcoin Cash in November 2018. It aims to stay true to the original vision of Bitcoin as outlined by its pseudonymous creator, Satoshi Nakamoto.
Supporters of Bitcoin SV emphasize its scalability, stability, and security, aiming to make it an enterprise-grade blockchain and peer-to-peer cash system. Interest in BSV has been fueled by Bitcoin’s recent rally and the prospect of an SEC-approved spot ETF.
