Currencies34188
Market Cap$ 4.11T+0.53%
24h Spot Volume$ 49.83B+4.28%
DominanceBTC57.30%-0.25%ETH11.18%+1.47%
ETH Gas0.31 Gwei
Cryptorank

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


by Cryptonews

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.

The market’s attention is currently fixated on the imminent potential approval of a spot Bitcoin ETF, with analysts speculating that such approval could materialize in the first week of January 2024.

Among popular altcoins, including Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE), positive market movements were observed.

Upbit Remains top Korean Exchange


As reported earlier, Upbit’s dominance in South Korea’s crypto exchange market has solidified, boasting an impressive 80% market share.

Other major exchanges, such as Bithumb, Coinone, and Korbit, have also made their presence felt, with varying market shares. Bithumb, the second-largest player, holds a substantial share ranging from 15% to 20%, while Coinone and Korbit maintain more modest positions at 3% to 5% and less than 1%, respectively.

The post Korean Traders Drive Bitcoin SV (BSV) Surge, Price Soars by 65% in 24 Hrs appeared first on Cryptonews.

Read the article at Cryptonews

Read More

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


by Cryptonews

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.

The market’s attention is currently fixated on the imminent potential approval of a spot Bitcoin ETF, with analysts speculating that such approval could materialize in the first week of January 2024.

Among popular altcoins, including Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE), positive market movements were observed.

Upbit Remains top Korean Exchange


As reported earlier, Upbit’s dominance in South Korea’s crypto exchange market has solidified, boasting an impressive 80% market share.

Other major exchanges, such as Bithumb, Coinone, and Korbit, have also made their presence felt, with varying market shares. Bithumb, the second-largest player, holds a substantial share ranging from 15% to 20%, while Coinone and Korbit maintain more modest positions at 3% to 5% and less than 1%, respectively.

The post Korean Traders Drive Bitcoin SV (BSV) Surge, Price Soars by 65% in 24 Hrs appeared first on Cryptonews.

Read the article at Cryptonews

Read More

Bitcoin Primed for New All-Time High After Correction, According to Trader Who Nailed 2018 BTC Bottom – Here’s His Target

Bitcoin Primed for New All-Time High After Correction, According to Trader Who Nailed 2018 BTC Bottom – Here’s His Target

A widely followed analyst and trader who accurately predicted the bottom for Bitcoin ...
Ethereum ETFs see $1.85B inflows – 25x more than Bitcoin!

Ethereum ETFs see $1.85B inflows – 25x more than Bitcoin!

CME basis trade surged to nearly 12% as spot ETH ETFs pulled record $1.85 billion