Bitcoin (BTC) While it experienced a small increase of 1.4% in the last 24 hours, altcoins are performing better.
At this point the biggest altcoin Ethereum (ETH) While it has recorded an increase of more than 6% in the last 24 hours, the rise of some altcoins has reached double digits.
One of these altcoins is It became Bitcoin SV (BSV), a fork of Bitcoin.
According to CoinMarketCap data, it has increased by up to 65% in the last 24 hours. Reaching up to $97 BSVWhile , is traded at $ 92 at the time of writing, it is at the top among the most profitable altcoins.
At this point, BSV transaction volume increased by a massive 490% in the last 24 hours, reaching a value of over 731 million dollars.
The most striking part of this increase was that BSV demand was mostly supported by South Korean traders. According to data, 65% of BSV transaction volume is on South Korea’s largest stock exchange. upbitIt was seen to occur in .
This was interpreted as South Korean investors being the main driving force in the BSV increase.
As you may remember, the largest cryptocurrency exchange in the USA coinbase It had previously announced that it would stop supporting BSV on January 9, 2024.
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price monitoring now by downloading our applications!