Bitcoin SV continues to rise, crossing the $100 threshold for the first time since February 2022.
This significant price increase, representing an increase of over 102% in one week, was mainly due to increased interest and trading activity in the Korean market. South Korean cryptocurrency exchange Upbit is at the center of increasing activity surrounding BSV. Today Upbit recorded a significant BSV trading volume of $275 million.
This price increase follows even more impressive post-Christmas trading last week, when the total amount of Bitcoin SV traded on the exchange exceeded $500 million. This trend is not limited to Upbit, as OKX has also seen a significant increase in token trading, with today’s trading volume exceeding $47.5 million. BSV trading volume increased by over 300% in the last 24 hours.
Bitcoin SV, short for Bitcoin Takeshi Vision, is a cryptocurrency born from the hard fork of Bitcoin Cash in November 2018. Its aim is to stay true to the original vision outlined by Bitcoin’s pseudo-creator, Satoshi Nakamoto.
Bitcoin SV proponents are trying to make Bitcoin SV an enterprise-grade blockchain and peer-to-peer cash system by focusing on scalability, stability, and security. Bitcoin’s recent rise and possible spot ETF approval from the SEC increased interest in BSV
