BSV - Bitcoin Offshoot Skyrockets 20% In A Week Leaving Bitcoin Ethereum In The Dust: What's Happening? | Benzinga
Bitcoin SV (CRYPTO: BSV) has experienced a remarkable surge of 20% in the past seven days, outperforming its counterparts Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) in terms of gains. As of the time of writing, BSV is trading at $39.85.
What Happened: The primary driving force behind this rally is the widespread anticipation surrounding the potential approval of a Bitcoin exchange-traded fund (ETF) by the Securities and Exchange Commission (SEC).
This enthusiasm was further intensified by the SEC’s decision not to appeal the Grayscale lawsuit, creating a sense of optimism among cryptocurrency investors.
BSV witnessed a significant price jump following a rumor suggesting that the SEC was expecting the iShares Bitcoin Trust. This report briefly pushed Bitcoin to almost $30,000 before it made a ...