Today’s altcoin news show that the holders of Bitcoin SV tokens are finally optimistic following a new BSV price surge which took the altcoin to new heights. After correcting as much as 56% to the downside last week, the Bitcoin SV cryptocurrency rallied and produced gains up to 35% in a new pump ignited by Bitcoin on Sunday at 13000 UTC.
The recovery of Bitcoin Sv has brought the market capitalization on the high too, growing close to $2.08 billion and noting almost a 100% growth in a week. Meanwhile, the BSV price and its to-dollar exchange rate has also established a fresh intraday high at $121 on Huobi, growing up by 28.2% on a 24-hour adjusted timeframe.
Right now, the Bitcoin SV market is calm, after hosting more than $500 million worth of volume in the past 24 hours. The altcoin traded maximally against the South Korean Won, the USDT stablecoin and Bitcoin (BTC). A lot of exchanges and many best cryptocurrency news sites featured the surge in their headlines.
The BSV price rally joined a similar sentiment across the cryptocurrency board and the top ten index. The world’s leading cryptocurrency, Bitcoin, broke above a strict resistance zone near $8,000 to establish a fresh 2019 Bitcoin price high, going near $8,950.
Aside from the BSV price, the coming altcoin news show that Litecoin (which is the fifth largest altcoin now) has climbed 12.55% at the same time, settling its yearly peak. Other influential cryptocurrencies noted winnings between 7% and 10%, including Ethereum, XRP, EOS and Bitcoin Cash. The only altcoin which was weak was Binance Coin (BNB) which had a gain of only 1.24%.
What’s also interesting is the fact that the BSV price rally followed Dr. Craig S Wright‘s anti-Bitcoin rant where the Bitcoin SV founder said that Bitcoin will disappear in moments because of its criminal tendencies.
“If Bitcoin or any other monetary system seeks to act outside the rules, it becomes an outlaw system, and once it does, it is easy to stop,” he stated.
However, one of the most realistic theories behind the BSV price pump in the latest cryptocurrency news is the one in which Calvin Ayre (Dr. Wright’s close associate) claimed that the US copyright office had accepted the scholar’s claim of being Satoshi Nakamoto – the mysterious Bitcoin creator. Nonetheless, the authorities later clarified that anybody could claim the same, stating that they do not recognize “anyone for anything.”
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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