RATE Group | What influenced the Bitcoin SV price surge?
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What influenced the Bitcoin SV price surge?

25 Jan What influenced the Bitcoin SV price surge?

Posted at 22:55h in Bitcoin News by

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The New Year has only just got underway, but 2020 is already proving to be a roller-coaster for investors in Bitcoin SV.

The Bitcoin Cash rival has experienced some incredible price surges over the past couple of weeks, making it one of the best-performing coins of the year so far.

But why has Bitcoin SV been pumping so much? Let’s take a look at what can influence a BSV price surge.

Bitcoin SV – the story so far

Bitcoin SV was created out of the hard fork of Bitcoin Cash on November 15 2018.

Led by Craig Wright, who famously claims to be Bitcoin founder Satoshi Nakamoto, the split aimed to restore the proposed original vision of the Bitcoin protocol.

Since the fork, Bitcoin SV has proved popular among investors, and it currently ranks as the fifth-largest coin on CoinMarketCap.

Other than a small rally last summer, 2019 proved to be a fairly tepid year for the Bitcoin SV price. It started 2019 valued at $92 and finished just $5 higher at $97.

Things couldn’t be more…

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