Bitcoin SV explodes – the reasons for the bullrun in the crypto market

Welcome to Tuesday’s crypto rally. In the past 24 hours, the Bitcoin SV course (BSV) has gained a whopping 25 percent in strength. The project, which promises to represent the original vision of Bitcoin inventor Satoshi Nakamoto, is valued at $ 203 per token. Draft horse Bitcoin (BTC) is back at $ 8,500 and was able to record almost five percent profit. The Altcoins Ethereum (ETH), Ripple (XRP) and IOTA (MIOTA) also benefit from the rally.

Bitcoin SV rate (BSV) outperforms the market

According to a press release available from CriptomonedaseICO, Zweispace, a blockchain start-up based in Tokyo, Silicon Valley and Singapore, started using Bitcoin SV blockchain on January 13. As Zweispace reports, it holds various blockchain patents and uses the technological infrastructure behind Bitcoin SV to promote tokenization in the real estate and legal sectors.

The company issues its own coins, the Zweicoin, based on the Bitcoin SV code. The crypto currency of the mother platform BSV itself is not used. The system also runs on its own smart contract platform called Zweichain, a system that is intended to enable the operation of both a private and a public blockchain. As can be seen from the press release, the system’s Namazu Token aims to support the construction industry in Japan with a focus on earthquake protection. The first tokens can be bought with Bitcoin SV tokens themselves.

However, the Bitcoin SV rate has not only started to attract yesterday. He is currently registering a 7-day increase of 71 percent, and within the past 30 days it has been as much as 120 percent that the rate of the cryptocurrency has risen. The coin is currently $ 203.

The community sometimes discusses whether the current meteoric rise in the Bitcoin SV rate is a large-scale exit scam in the sense of a pump and dump.

Ultimately, the lawsuit surrounding BSV galleon character Craig Wright continues, which fueled this speculation. The Bitcoin SV skeptics’ interpretation: get everything out before it’s too late.

Rally on the crypto market: Ethereum (ETH), Ripple (XRP), IOTA (MIOTA) pull along

The mood for other altcoins is currently bullish.

The Ethereum course (ETH) has increased by 4 percent in the last 24 hours. In the past seven days, the number two cryptocurrency has grown by three percent. Vitalik Buterin’s head birth is now $ 149.

The “bank coin” XRP from Ripple is also pleased about growth. Within a day, the ripple rate (XRP) rose 2.37 percent to a valuation of $ 0.218. In the seven-day rating, however, it is still somewhat in the red at 1.19 percent.

In the meantime, the IOTA course (MIOTA) also increased. With a 24-hour plus of just under 5 percent and a 7-day plus of just under 8 percent, the cryptocurrency for the Internet of Things is $ 0.1973.

Bitcoin price: crypto horse again over $ 8,500

In addition, the leading crypto currency is currently pleased with price gains. At $ 8,538, the largest cryptocurrency by market cap is 5 percent stronger than it was 24 hours ago. Within a week, the Bitcoin price rose 9.25 percent.

, Bitcoin SV explodes – the reasons for the bullrun in the crypto market, Criptomonedas e ICOs, Criptomonedas e ICOs

Important events in the crypto market

The massive rise in the overall crypto market coincides, among other things, with renewed suspicion of a bitcoin price manipulation. As we explain here, crypto companies Tether Limitied and BitFinex are facing renewal of a lawsuit accusing them of large-scale manipulation. However, these allegations have not been confirmed.

Furthermore, the Chicago Options Exchange started trading Bitcoin options yesterday. Investors can now trade warrants on the Chicago Mercantile Exchange (CME) that derive their underlying from futures. More on the topic here.

Finally, it should be mentioned that Visa announced on Monday the acquisition of the crypto company Plaid for the sum of $ 5.3 billion. An adaption that favors price increases in the crypto market.

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Disclaimer: This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. The opinions expressed in this article are those of the author and do not necessarily represent the views of CriptomonedaseICO , and should not be attributed to, CriptomonedaseICO .


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