Bitcoin SV (BSV) Price Hits 20-Month High, Surging 66% Amidst South Korean Trading Frenzy

In a remarkable rally, Bitcoin SV (BSV), a notable hard fork of Bitcoin Cash (BCH), has experienced a dramatic surge, reaching a new 20-month high. Over the past 24 hours, BSV's value has skyrocketed by more than 66%, with prices hovering around $90 during the early London session on Thursday.

Timeline of Bitcoin-sv

The crypto prices today have noted robust gains, with most of the major cryptos experiencing significant surges, suggesting growing investors' confidence. Meanwhile, several market watchers also see this positive momentum as a start of the Santa Claus rally.

This week, BSV Blockchain revealed the findings from its inaugural Blockchain Barometer, a worldwide report that seeks to establish an official record of the public's perception and level of understanding of blockchain and other emerging technologies like AI and the metaverse.

Coinbase Global Inc (NASDAQ:COIN), the largest cryptocurrency exchange in the United States, has announced that it will be completely removing support for Bitcoin SV (CRYPTO: BSV). What Happened: In a notice to its customers, Coinbase stated that if users fail to withdraw their BSV funds, any remaining BSV in their Coinbase accounts will be liquidated.

Bitcoin SV (BSV) ripped by nearly 60% this week amid a new futures listing on top global crypto exchange Binance. The project, which forked from Bitcoin Cash (BCH) in late 2018, is trading at $54.02 at time of writing, up from $34.08 one week ago.

Transmira Inc is developing OMNISCAPE™, the first XR Metaverse platform that seamlessly blends Augmented Reality (AR) and Virtual Reality (VR), linking experiences and 3D spaces to real-world locations. And what's more, they are building on the BSV blockchain.

In an industry facing problems of trust, an innovative American business based in Denver, Colorado is utilising the power of the BSV blockchain to connect real-world and online casinos, while facilitating fair and verifiable iGaming. With more than a decade spent advising, building and running gaming companies, Matt Dickson knows a thing or two about the industry – the good, the bad, the ugly.

Dubbed ‘The BSV wallet you can recommend', an intuitive user experience for services across the BSV ecosystem distinguish HandCash from the pack, as its Spanish development team works to make digital currencies a more accessible and frequent part of everyday life. HandCash co-founder and CEO Alex Agut explains that they have been trying since day one to make digital assets and blockchain technology more appealing to everyone by focussing on the user experience.

Fundstrat Global Advisors, the market research firm co-founded by leading Wall Street strategist Thomas Lee, has released their latest Insight report which looks at Bitcoin SV. Following two prior reports, this latest analysis focuses on the Bitcoin SV ecosystem's ‘laser focus' on building enterprise-tier data processing and business use cases.

Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the $29,300 level on Monday. Ethereum (CRYPTO: ETH), however, edged lower, trading below the key $1,900 mark this morning.

While the global crypto market capitalization has plunged in the past week, with most coins trading in the red, Bitcoin SV (BSV) bucked the bears. BSV has scored 10% price gains on the weekly chart.