About Bitcoin SV
Bitcoin SV (BSV) price has risen close to 22% over the last 24 hours, resting along the $110 level of support. Although volume has been quite shallow over the past few weeks, a recent rise to $304 million has spiked investors’ interest, which can clearly be seen by the positive price trend.
Bitcoin SV (BSV) came into existence following the Bitcoin Cash chain split on November the 15th 2018. The chain split was caused at two competing software implementation for the Bitcoin Cash blockchain (Bitcoin ABC and Bitcoin SV) broke away from consensus, and was subsequently supported by two different groups of miners. After the time of the fork, users could claim tokens on each side of the fork if they had previously held tokens on the old Bitcoin Cash chain.
Bitcoin Cash ABC is now being recognised by most exchanges as Bitcoin Cash (the name of the original pre fork currency) with a separate listing for Bitcoin Cash SV.
We covered the fork extensively and you can track the birth of Bitcoin Cash SV from our coverage: