Bitcoin SV [BSV] shoots up by a gargantuan 102.65% in 7 days

Bitcoin Cash SV implementation by Craig S Wright, now known as Bitcoin SV, has risen by a massive 102.65%, at the time of writing. The cryptocurrency market seems to have found respite from the bears as the markets have shifted to the bulls.

The one-day time frame shows a volatility induced roller coaster ride for Bitcoin SV. BSV began trading at $100 on November 28, 17:40 UTC. The prices experienced ups and downs within the 1% range until it fell down to $93. The prices settled down at $97 at the end of that day.

In comparison with the seven-day chart, the prices started trading at $47.75 on November 22, and continued at this price range without much volatility until November 25, where the price started to take off. BSV looked like it hit the peak point at $88 on November 25 at 23:23 UTC.

The prices proceeded to rise higher at this point and reached the peak of $125 on November 15:39. BSV corrected the rise in a small amount where the prices fell down by 21%. The roller coaster ride took a steep downturn and BSV ended up at $81.16. BSV finally settled at $97.99.

The total percent increase of SV in the seven-day time frame is a massive 102.65%, but in the 24-hour time frame, the prices are still engulfed by the bears and are down by 2.12%. The market cap of BSV is holding strong at $1.62 billion while the 24-hour trade volume is at $179 million.

Prominent people in the crypto-community speculate and attribute the crash of Bitcoin and other cryptocurrencies to the hard fork of Bitcoin Cash into Bitcoin ABC and Bitcoin SV.

Bitcoin SV is up in the sky while Bitcoin Cash is a facing hard time fighting the bear. The 24-hour change of BCH shows a positive rise of 3.53% while the longer time frame of seven-days show the actual hits BCH has taken as it is down by whopping 15.44%.