{"id":220589,"date":"2023-12-29T10:31:20","date_gmt":"2023-12-29T05:01:20","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=220589"},"modified":"2023-12-29T10:31:20","modified_gmt":"2023-12-29T05:01:20","slug":"bitcoin-sv-bsv-surges-65-key-reason-why-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-sv-bsv-surges-65-key-reason-why-crypto-news\/","title":{"rendered":"Bitcoin SV (BSV) Surges 65%. Key Reason Why – Crypto News"},"content":{"rendered":"

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Bitcoin SV (BSV), currently ranked as the 54th cryptocurrency, has experienced<\/a> a significant surge in its market value.\u00a0<\/p>\n

The digital currency’s price rocketed to $87.91, marking a 65% increase from its previous 24-hour range low of $53.07.\u00a0<\/p>\n

This surge is reflected in its trading volume, which reached $753.5 million and a market capitalization of $1.7 billion.\u00a0<\/p>\n

The dramatic increase in BSV\u2019s price and trading volume has captured the attention of the cryptocurrency market.<\/p>\n

Korean traders are behind the surge\u00a0<\/h2>\n

The remarkable rise in Bitcoin SV’s price can be attributed to a significant spike in trading volume on Upbit, South Korea’s largest cryptocurrency exchange.\u00a0<\/p>\n

An overwhelming 66.89% of BSV’s trading volume, which translates to over $503 million, was concentrated on Upbit.\u00a0<\/p>\n

This figure starkly contrasts with the volumes on other exchanges like OKX and BiONE, where BSV’s trading accounted for just 9.13% and 7.69%, respectively.\u00a0<\/p>\n

This trend points to a growing interest and confidence among South Korean traders in Bitcoin SV, spotlighting the country’s influential role in the crypto market.<\/p>\n

Coinbase draws a line with BSV\u00a0<\/h2>\n

In contrast to the bullish sentiment in the Korean market, Coinbase, a major U.S. cryptocurrency exchange, has taken a firm stance against Bitcoin SV.\u00a0<\/p>\n

Coinbase announced earlier this year that it would completely liquidate any BSV holdings on its platform unless users withdraw their coins by Jan. 9.\u00a0<\/p>\n

Despite BSV’s recent price surge, the coin is still down by 82.29% from its all-time high in 2020, when it was one of the biggest<\/a> cryptocurrencies by market capitalization.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin SV (BSV), currently ranked as the 54th cryptocurrency, has experienced a significant surge in its market value.\u00a0 The digital currency’s price rocketed to $87.91, marking a 65% increase from its previous 24-hour range low of $53.07.\u00a0 This surge is reflected in its trading volume, which reached $753.5 million and a market capitalization of $1.7 […]<\/p>\n","protected":false},"author":2,"featured_media":220590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-220589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/220589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=220589"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/220589\/revisions"}],"predecessor-version":[{"id":220591,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/220589\/revisions\/220591"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/220590"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=220589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=220589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=220589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}