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What is Bitcoin SV (BSV) digital currency and why has it increased?

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What is Bitcoin SV (BSV) digital currency and why has it increased?

What is Bitcoin SV (BSV) digital currency and why has it increased?

Bitcoin SV (BSV) gains with Binance futures index. In this Pooyan Music post, we will take a closer look at Bitcoin SV (BSV) digital currency. BSV futures listing on Binance boosts SV Bitcoin price.

What is Bitcoin SV (BSV) digital currency?

Bitcoin SV (BSV), a Bitcoin fork token, has experienced a surprising price increase in the last 24 hours.

BSV increased by more than 30%. Because cryptocurrency exchange Binance listed BSV perpetual futures with 50x leverage. Apparently, this has attracted the interest of traders.

At the time of writing, BSV is up 28.09% in the last 24 hours to $54.99. This increase has propelled Bitcoin SV to its position among the top performing assets in the cryptocurrency market. Bitcoin SV is the biggest daily gainer among the top 100 cryptocurrencies by market cap.

BSV has enjoyed an uptrend since the start of the week. The beginning of this upward trend was on October 21. Even though it was profitable; But the bull market was still going on.

Bitcoin SV rally and profitability again

Bitcoin SV started another rally on October 26. This currency is now on its way to its third consecutive day of growth. Today’s jump was the biggest one as BSV printed a large green candle and reached an intraday high of $57.71.

Currently, BSV is up 65.56% week to date. Sentiment, a chain analysis firm, notes that BSV has been one of the standout assets in the past 24 hours as Bitcoin’s dominance has increased.

Bitcoin SV (BSV) was created in 2018 as a result of the hard fork of the Bitcoin Cash (BCH) network, which was separated from the BTC blockchain a year earlier.

BSV is currently the 40th largest cryptocurrency with a market cap of $1.06 billion. The trading volume of this crypto asset has increased by 74% in the last 24 hours, its value is more than 356 million dollars.