Bitcoin SV (BSV) Jumps to 5th Spot After Surging Over 100% in 5 Days

Very close to make a new all-time high

Bitcoin Satoshi Vision (BSV) is the hottest cryptocurrency right now. The hard fork of the Bitcoin Cash (BCH), which has been originally the hard fork of Bitcoin Core (BTC), is up 41% in the past 24 hours, climbing to $241.15.

A few days back, BSV was at 9th spot but with 111% gains in the past 7 days, it has jumped three spots up. Momentarily, it even flipped Tether (USDT) to claim the 5th spot.

Source: TradingView

While BSV is surging like crazy, nearly $58 million are trading on top ten exchange with real volume as per Messari. In comparison, Bitcoin is recording a trading volume of $1.2 billion and just over $1 billion is managed by Tether.

On BSV’s parabolic move, ShapeShift CEO Erik Voorhees had this to say, “This is why we delisted it from ShapeShift.”

Meanwhile, some believe this could be BSV making an exit scam.

The Keys have Arrived!

A potential reason behind BSV pumping could be the developments in Craig Wright vs Kleiman court case.

Rumors are circulating in the market that the final key that is supposed to open Wright's 1.1 million Bitcoin stash has been now delivered to the self-proclaimed Bitcoin creator Satoshi Nakamoto.

Until February 3rd to Produce Keys

Wright is accused of stealing half of 1.1 BTC by Ira Kleinman, brother to Wright's deceased business partner David Kleinman. Kleinman is suing for half of Wright’s fortune that is said to be encrypted in a “Tulip Trust.”

Last week, Judge Beth Bloom of the Federal District Court for Southern Florida, gave him until February 3 to produce the private key that would allow him to give the Kleinman estate their share Wright has been ordered to pay as settlement.

But judge and Wright's critics have little faith in his ability to produce the necessary information. Wright is known in the crypto community as the Faketoshi.

“BSV will be top 4 by end of Q1” – Calvin Ayre

At the beginning of this year, Calvin Ayre, founder of media channel CoinGeek and a believer in BitcoinSV shared some hopium for BSV enthusiasts, promising good things in 2020. Ayre said,

“Craig and I and others are meeting next week to come up with a plan for helping the BSV ecosystem really explode in 2020. It will do this anyway, we just want to pour some more fuel on.”

Then on January 13, Ayre tweeted,

And then today…

For now, BSV is very close to reaching its ATH of $253 and now it needs to be seen if it would be able to pump to that level or will get dumped before making a new high.

Bitcoin SV (BSV) Live Price

1 BSV/USD =$195.6445 change ~ 0.37%

Coin Market Cap

$3.6 Billion

24 Hour Volume

$368.49 Million

24 Hour VWAP

$201

24 Hour Change

$0.7186

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AnTy
AnTy
AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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