The big news keeping the cryptocurrency community in its grasp this week is how Bitcoin SV is slowly biting the dust. More specifically, this forked version of Bitcoin Cash is currently getting removed from numerous exchanges, trading platforms, and companies accepting it as a payment method. As this list continues to grow, one has to wonder how the future of BSV will look.
Exchanges Removing Bitcoin SV Support
Several exchanges have already confirmed they will remove Bitcoin SV in the coming days and weeks.
Another major crypto exchange is delisting bitcoin SV (BSV) amid an ongoing feud between that cryptocurrency’s creator Craig Wright and outspoken members of the bitcoin community.
San Francisco-based Kraken announced Tuesday that it will no longer support BSV, citing both community sentiment and ongoing litigation filed against the exchange by the coin’s advocates.
As was somewhat to be expected, the vast majority of cryptocurrency markets have turned pretty bearish once again. This is the direct result of Bitcoin losing value again, which usually causes major problems for alternative markets. So far, it seems as if the Bitcoin SV price is getting hit the hardest, as its valued dropped well below $60 rather quickly.
Bitcoin SV Downtrend Grows Rather Steep
Ever since its inception, Bitcoin SV has caused a fair bit of controversy in quick succession.
The cryptocurrency exchange Binance is officially removing Bitcoin SV (BSV) from its trading options, according to a company blog post.
The delisting comes after Binance CEO Changpeng Zhao (aka CZ) threatened to delist the Bitcoin Cash fork coin in response to Craig S.
Binance, the world’s largest crypto exchange by reported volume, will delist bitcoin SV (BSV) after a week of controversy around the cryptocurrency’s creator, Craig Wright.
The exchange announced Monday that it would be delisting all BSV trading pairs on April 22, just days after Binance CEO Changpeng Zhao (CZ) threatened to do so if Wright did not cease attacks on Twitter users claiming the latter is not Satoshi Nakamoto, the pseudonymous creator of bitcoin.
In Binance’s announcement, the exchange says “we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect,” citing a number of factors it weighs.
After a very rough morning, it seems quite a few markets are looking to move up once again.
There is still a lot of uneasy momentum across the cryptocurrency markets as of right now. Most of the top markets remain down, even though some of them have shown some signs of recovery along the way. Bitcoin SV, for example, is effectively gaining some value whereas the rest of the markets remain in a sort of deadlock. That in itself is rather interesting to take note of, although this may be a sign of how other markets will evolve.
Bitcoin SV Price Run is Interesting
Although a lot of cryptocurrency users expected the Bitcoin SV excitement to quiet down now that Bitcoin Cash has clearly proven to be superior in terms of market cap, the reality is often very different.
No one will say the year 2018 hasn’t been very interesting for all cryptocurrencies. When looking beyond the price decline, the Bitcoin Cash network upgrade has caused some interesting momentum as well. More specifically, the creation of Bitcoin SV has shaken up the market, albeit there are still some concerns as to what will happen to its value. Today’s trend shows the altcoin is in a good place following a few rough weeks.
Bitcoin SV Price Hits $100 Again
Every single cryptocurrency or digital asset will eventually benefit from an increase in Bitcoin’s value.
There is plenty of red across all cryptocurrency and digital asset charts today. This is not entirely abnormal by any means, as Bitcoin dictates the overall momentum. Although the hourly charts show some positive momentum, one market not seeing any improvements is Bitcoin SV. This altcoin is getting beat up from every side as this weekend trucks on.
Bitcoin SV Price Battering Continues
It is not entirely surprising to see the Bitcoin SV price go down significantly.
The past month has been pretty interesting for all cryptocurrencies, even though there is a lot of negative pressure on the market as well. It is during times like these when Bitcoin SV tends to thrive, as its value usually goes up when Bitcoin faces some pressure. Today is no different so far, as the BSV price is underway to hit $100 again.
Bitcoin SV Price Shows Bullish Signs
Although there are still plenty of conflicting opinions on whether or not Bitcoin SV should even exist, it is evident the currency will not necessarily go away anytime soon either.
A lot of unanswered questions remain where cryptocurrencies and digital assets are concerned. The Bitcoin price continues to plummet and seemingly has no cushion at this time. There are some interesting developments taking place, though. The Bitcoin SV price continues to rise and it has now surpassed EOS, Bitcoin Cash, and Tether in the past few hours. The big question is whether or not this situation is sustainable for more than a few hours.
Bitcoin SV Price Run Continues
It all began yesterday around noon when the Bitcoin SV value suddenly started to buck the overall downtrend.
A plethora of bearish cryptocurrency market pressure is forming as of right now. All top currencies are in the red again, with a few exceptions persisting for the time being. Even so, it would appear there are some markets which are getting hammered once again, for no real reason. Bitcoin usually drags all altcoins with it, but this trend does not affect all currencies in the same manner. One notable exception is Bitcoin SV, which thrives when Bitcoin’s value plummets.