Bitcoin SV (BSV), the fork of Bitcoin Cash (BCH), has spiked more than 50% after an unexpected surge in its trading volume on the South Korean crypto exchange Upbit.
The BSV price has increased over 40% in the past 24 hours, with it surging from $59 to $91 while its trading volume recorded a whopping gain of 420%, according to market data from Coinmarketcap.
![Bitcoin SV (BSV) Price Surge 50%](https://www.cryptotimes.io/wp-content/uploads/2024/02/YXywZ8AXacpU_xOqPX0uNyLj-HrR2jImooLoeyfYD3kJR465rbcfAnTK92WHkYTm3GaAs-tGUfSpTcP5bOoG-kPb4zXwYRaxpS4fT6nOM0knDi3A9EIs3hsLIdR4h9pR6ocsKmKo-6KqSNchCGe5WQ0.jpeg)
While the leading crypto exchange Coinbase announced delisting BSV in early November, the recent pump is primarily supported by the South Korean exchange Upbit, which has recorded nearly 80% of its total trading volume of $769 million in the past 24 hours.
Bitcoin SV is a fork of Bitcoin Cash (BCH) – which was also a fork of Bitcoin – and it is also supported by Craig Wright, who claims to be Satoshi Nakamoto. BSV is currently the 52nd largest cryptocurrency by market cap.
Also Read: South Korea to Reveal Officials’ Crypto Holdings in 2024