RATE Group | Why Has Bitcoin SV (BSV) Plunged By 40% From Its $450 Peak?
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Why Has Bitcoin SV (BSV) Plunged By 40% From Its $450 Peak?

18 Jan Why Has Bitcoin SV (BSV) Plunged By 40% From Its $450 Peak?

Posted at 06:06h in Bitcoin News by

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Aside from Bitcoin, there’s almost no other crypto asset that has been talked about as much as the Satoshi Vision fork (BSV) over the past week. The past seven days for the now-fifth largest cryptocurrency by market capitalization have been rather tumultuous, with the cryptocurrency starting the week off flat to explode higher from just above double digits to a high of $440, representing a nearly 200% rally in three days.

But as fast as the asset has rallied, so too has it collapsed. As of the time of writing this, the third-largest chain with “Bitcoin” in its name is down 18% in the past 24 hours, a period during which BTC, Ethereum, and other market leaders gained 4%, sometimes more.

Related Reading: Research Firm: 3 Use Cases Could Send Bitcoin To $1 Trillion

Bitcoin SV Has Crashed 40% From Local Peak; Why So?

Over the past few days, since hitting $440, Bitcoin SV has fallen off a proverbial cliff, crashing almost as fast as it rallied. As of the time of writing this article,…

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