Bitcoin SV Leaps by 30% as Altcoin Race Heats Up

Bitcoin’s lengthy bull run has prompted a surge of interest in alternative tokens.

2 min read

Jan 9, 2021

The price of Bitcoin SV today surged by 30% as the altcoin market picks up the pace. Bitcoin SV is built on a blockchain that forked from Bitcoin Cash, which itself is a fork from Bitcoin, the grandaddy that’s currently setting new all-time-highs every week.

Attention to the Bitcoin SV token has largely been sidelined in favour of its more famous progenitors and tokens like Ethereum and XRP, but BSV today trades at a price of over $230. That’s still some way off its all-time high of $441, set on January 14, 2020.

In the altcoin race, all eyes are currently on Ethereum, which has increased by 60% in the last week as it hounds its former all-time high of $1,432, set in January 2018.

Altseason is here, with 10% gains being made by EOS and Tron today. Dogecoin is also up by 7%, a continuation of gains that saw it jump 70% last Monday following co-signs by Tesla CEO and richest man in the world Elon Musk.

Bitcoin SV’s fork from Bitcoin Cash was the result of a software ‘civil war’ between two engineering camps. The SV camp emerged, spearheaded by Chris Wright, an Australian computer scientist who claims that he created Bitcoin. This claim is heavily disputed. The ‘SV’ stands for ‘Satoshi’s Vision.’

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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...

News

Courses

Deep Dives

Coins

Videos