Satoshi

Bitcoin SV

Bitcoin

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Bitcoin SV (BSV), currently ranked as the 54th cryptocurrency, <a href="https://www.coingecko.com/en/coins/bitcoin-sv#markets" rel="noopener noreferrer nofollow">has experienced</a> a significant surge in its market value.&nbsp;
The digital currency's price rocketed to $87.91, marking a 65% increase from its previous 24-hour range low of $53.07.&nbsp;
This surge is reflected in its trading volume, which reached $753.5 million and a market capitalization of $1.7 billion.&nbsp;
The dramatic increase in BSV’s price and trading volume has captured the attention of the cryptocurrency market.
<h2 id="korean-traders-are-behind-the-surge">Korean traders are behind the surge&nbsp;</h2>
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.&nbsp;
An overwhelming 66.89% of BSV's trading volume, which translates to over $503 million, was concentrated on Upbit.&nbsp;
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.&nbsp;
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.
<h2 id="coinbase-draws-a-line-with-bsv">Coinbase draws a line with BSV&nbsp;</h2>
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.&nbsp;
Coinbase announced earlier this year that it would completely liquidate any BSV holdings on its platform unless users withdraw their coins by Jan. 9.&nbsp;
Despite BSV's recent price surge, the coin is still down by 82.29% from its all-time high in 2020, when it was <a href="https://u.today/update-bitcoin-sv-bsv-flips-bitcoin-cash-bch-after-reaching-new-all-time-high" rel="noopener noreferrer nofollow">one of the biggest</a> cryptocurrencies by market capitalization.

Bitcoin SV (BSV) Surges 65%. Key Reason Why

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