Bitcoin Hardforks BCH, BSV Outpace BTC Gains

As Bitcoin flirts with a new all-time high, BCH, BSV, and BRC-20s are also on fire.

2 min read

Mar 4, 2024

Bitcoin has smashed through $65,000, continuing its race to the moon, and the fast-rising tide is lifting all boats: BTC offshoots like Bitcoin Cash (BCH) and Bitcoin Satoshi’s Vision (BSV) are surging.

Bitcoin

Bitcoin is rapidly closing in on its all-time high of $69,000. The number one cryptocurrency is trading at $66,413 at time of writing, up 5.7% in the last 24 hours.

Bitcoin Forks

Several cryptocurrencies have forked from the Bitcoin blockchain, and two of the forks most closely associated with their storied progenitor are BCS and BSV.

Bitcoin Cash (BCH) is trading at $443.82, down 5.56% for the last 24 hours but up 63.94% for the last seven days, outpacing Bitcoin’s 24.35% seven-day gains.

In comparison, Bitcoin SV (BSV) is trading at $117.75, up 7.55% for the last 24 hours, and like Bitcoin Cash, it is outpacing Bitcoin with 49.85% seven-day gains.

BRC-20 Tokens

BRC-20 tokens—best known for spawning Bitcoin Ordinals inscriptions—are also rallying, with the top three tokens by market capitalization seeing strong weekly appreciation.

Introduced in March of last year by a pseudonymous developer named Domo, the BRC-20 protocol leverages the capabilities unlocked by Bitcoin's Taproot upgrade in November 2021. This upgrade blended Bitcoin's robustness with Ethereum's tokenization efficiency.

Currently, Ordi (ORDI) is trading at $83.34 per token, up 3.25% in the last 24 hours and 25% for the week, according to CoinMarketCap.

SATS (1000SATS) is trading at $0.0007112, up 11.87% in the last 24 hours and 47.92% for the last seven days.

Finally, Multibit (MUBI) is trading at $0.17, up 10.60% for the last 24 hours, up 18.09% for the week.

Edited by Ryan Ozawa.

Get crypto news straight to your inbox--

sign up for the Decrypt Daily below. (It’s free).

Get Email!

Bitcoin and Ethereum Price Charts Have Disappeared From Google Search Results

Google Search has stopped displaying price charts for Bitcoin and other cryptocurrencies in its search results. Users can still access these charts through Google Finance. Over the weekend, Twitter users noted that searching for Bitcoin's price no longer yields a chart in the search results. In contrast, stock price searches still produce charts. Google did not immediately respond to a request for comment from Decrypt. Google's decision has prompted discussions about the reasons behind this chan...

Pepe Holder Loses $1.4 Million in Uniswap Permit2 Phishing Attack

Uniswap Permit2 signing, which started as a tool to simplify token approvals, has now become a common attack vector in the DeFi ecosystem. A PEPE token holder became the latest victim of a phishing scam, losing $1.39 million worth of crypto after unknowingly signing a malicious Uniswap Permit2 transaction. According to cybersecurity firm ScamSniffer, the stolen assets, including Pepe (PEPE), Microstrategy (MSTR), and Apu (APU) tokens, were transferred to a new wallet just an hour after the vict...

Bitcoin Jumps, Asian Stocks Mixed as Traders Assess China’s Economic Stimulus

Bitcoin jumped to a seven-day high late Sunday evening as Asian stocks showed mixed results following China's economic stimulus measures, announced during the weekend. The crypto is trading 2.5% higher on the day to $64,300—its highest point since October 7. It follows recent stimulus promises made by the world’s second-largest economy on Saturday. China has vowed to "significantly increase" its debt to support its weakening economy but provided no details on the size of the stimulus package, le...