RATE Group | Bitcoin SV splits in two chains; BSV/USD stays in the range so far
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Bitcoin SV splits in two chains; BSV/USD stays in the range so far

04 Feb Bitcoin SV splits in two chains; BSV/USD stays in the range so far

Posted at 08:39h in Bitcoin News by

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  • Bitcoin SV activated a hard fork  that resulted in two chains.
  • On the intraday charts, BSV/USD is capped by SMA50 4-hour. 

Bitcoin SV (BSV), the 5th largest digital asset with the current market value of $5 billion, has lost about 2% of its value in recent 24 hours to trade at $277.40 at the time of writing. Notably, the trading  volumes of the coin has retreated to 1.7 billion from nearly 3 billion recently. 

The coin hit $458.70 on January 14, following the news that Craig Write might have got access to Bitcoins mined during early days of the first cryptocurrency. However, the pump proved to be unsustainable as the price retreated below $300.00.

Bitcoin SV activated a hard fork 

BitMEX research wrote on Twitter:

Bitcoin SV has conducted a hardfork upgrade. The latest block is regarded as valid by upgraded clients (Bitcoin SV 1.0.0) and invalid according to the old rules.

Notably, the BitMEX team noted that a lot of BSV nodes have not upgraded for…

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