This is why Bitcoin SV increased 96% in just 48 hours!

In the past two days, the price of Bitcoin SV (BSV), the product of the Bitcoin Cash hardfork, has doubled. Trade volume trends were concentrated on Upbit, a cryptocurrency exchange based in South Korea.

Data from December 28, 2023, shows that in a single day, the BSV trade volume increased by 615.98%, totaling US$612.40 million. CoinGecko, a cryptocurrency exchange based in South Korea, reports that Upbit handled BSV trade volumes totaling US$513.81 million, or 83.4% of the market.
Image: Graphic Pricing BSV

With a $1.66 billion market valuation, BSV now stands at number 54 after this increase. On June 10, 2023, the BSV fell to its lowest price of $18,42. The BSV has increased recently, rising +425% from its lowest point. But when looking at the BSV from its peak of $491.64 in April 2021, it's still down -80.3% from that price. This report (29/12/23) states that BSV was adjusted and traded at US$83.34.