Market Analysis

Flash Hike: Bitcoin SV [BSV] soars by 8% in an hour; only bullish coin in top-15

from Amb Crypto 5 years ago 0 0 993

Even as the cryptocurrency market is being mauled by the bear, Bitcoin SV [BSV], which recently demoted itself out of the top-10 list to the eleventh position on CoinMarketCap, seems to have regained control of bullish momentum.

BSV, at press time, is the only coin in the bear market registering a growth of over 8% in an hour. BSV had also managed to overtake Cardano [ADA] recently to take the eleventh position and is not letting its guard down as investors are putting their money into the coin.

At press time, BSV was valued at $67.44, with a market cap of $1.1 billion. The coin registered a 24-hour trading volume of $136 million while reporting a massive growth of 8.87% within an hour. The coin reported a fall of 0.87% over the past day as the market plunged, but is still reflecting a growth of 3.45% over the past seven days.

The coin was highly traded on Bit-Z with a trading volume of $17 million with the BCHSV/BTC pair. The second exchange that traded highly in BSV was BitForex as it noted a volume of $14 million on the BSV/USDT pair. BitForex also took third place with the BSV/BTC pair and a registered volume of $13 million.

Bitcoin SV is the only bullish coin in the bear market and according to its performance today, the raging bear seems to be losing control of the coin.