Bitcoin SV Is Up 80% Over The Past Month: What's Going On?

Henry Khederian

December 05, 2024

Bitcoin's historic rise past $100,000 this week has sparked a surge of activity across the cryptocurrency market, bringing renewed attention to Bitcoin SV (CRYPTO: BSV).

Bitcoin SV, short for "Bitcoin Satoshi Vision," is a hard fork of Bitcoin Cash created in 2018 with a mission to adhere to the original vision outlined in Satoshi Nakamoto's Bitcoin whitepaper.

BSV focuses on scalability and low transaction costs aiming to serve as the foundation for a decentralized global economy.

As Bitcoin reinforces its reputation as digital gold, Bitcoin SV is positioning itself as a utility-driven blockchain that emphasizes enterprise adoption and real-world applications.

Unlike Bitcoin, which has become a store of value, Bitcoin SV scales to handle large volumes of transactions, making it potentially attractive for businesses requiring blockchain solutions for payments and supply chain.

Price Action: Bitcoin SV is trading higher by 80% to $84.53 over the trailing month.

Read Also: OPEC+ Extends Oil Output Cuts To Late 2026: What It Means For Markets

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