Korean Traders Drive Bitcoin SV (BSV) Surge, Price Soars by 65% in 24 Hrs

December 28, 2023

By Jai Pratap | @jai-pratap

Bitcoin SV (BSV), a cryptocurrency fork of Bitcoin, has experienced a notable surge of 65% within the past 24 hours, with Upbit, South Korea’s largest exchange, emerging as the focal point for trading activity.

A significant 65% of the trading volume is concentrated on Upbit, underscoring the considerable influence of Korean traders in propelling BSV’s surge.

At the time of writing, Bitcoin SV is trading at $85.26, nearly 74% up in the last seven days and 55% in 24 hrs, as per Coingecko data.

Earlier, the largest US-based exchange Coinbase announced to discontinue support for BSV effective January 9, 2024.

Bitcoin Price Cross Above $43,000

In parallel, Bitcoin, the leading cryptocurrency, crossed the $43,000 mark once again early on Thursday, contributing to an overall market cap of $1.71 trillion.

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