Bitcoin SV (BSV), which was forked from Bitcoin, gained 100% in value in 1 week with the interest of South Korean investors.
Bitcoin SV in a week $50.2 from levels from 118% with too much rise for $109 reached up. It is stated that South Korea, where altcoins attract more attention than Bitcoin (BTC) and Ethereum (ETH) volumes, is behind the huge rise.
According to CoinGecko data, most of the Bitcoin SV transaction volume is on South Korea’s largest cryptocurrency exchange. From Upbit while coming in bithumb 18% of the volume returns. South Korean investors are known to often focus on one altcoin, bringing huge price movements.
Two exchanges terminate Bitcoin SV total in 24 hours It covers a significant portion of the transaction volume.
On the other hand, it is thought that the great rise in Bitcoin also affected the price. Spot expected to be approved soon Bitcoin ETF It is predicted that it will also affect Bitcoin-based altcoins and bring an increase.
According to data, Bitcoin SV has decreased by 9% in the last 24 hours at the time of writing. from $97.9 is being traded.