Bitcoin SV Price Analysis – BSV Coin Price Booms up to 21%

Previously, in the month of may cryptocurrency market saw rapid growth with quite a few outshining the largest by market capitalization. The leading cryptocurrency, Bitcoin drew most of the attention, rising 67% from $5,265 on May 1st to $8,900 by month’s end.

From past few days, we can see that Bitcoin SV (BSV) is a big winner which is currently leading the top 100 crypto market with 21% growth. In the last seven days, Bitcoin SV has traded up 78.1% against the dollar and more than $392.30 million worth of Bitcoin SV was traded on exchanges in the last day.

Apart from BSV coin,  Cosmos and Ethereum Classic are also doing well. Both coins have gained over 10% in recent 24 hours trading $6.21 and $9.37 respectively.

The total capitalization of all digital assets in circulation settled at  $276 billion, while the average daily trading volume is up to $70 billion.

Bitcoin SV Price Analysis

One – Day Chart

At the time of writing, the Bitcoin SV coin price has increased by 21.17% against USD, trading at $225.34. In term of BSV/BTC, the price surged up to 19.93% trading at 0.02598144 BTC.

Currently, the coin is ranking at 8th position, holding market cap $4,014,344,636 USD  with $753,931,211 USD 24-hour volume and 17,814,736 BSV circulating supply. The maximum supply of BSV coin is 21,000,000 BSV.

According to Indicators

  • The Chaikin Money Flow indicates the Bullish Trend, continuous Buying Pressure, rising prices coinciding with CMF values above 0
  • The Bollinger Band is showing expanding volatility in the market.
  • The Awesome Oscillator showed a bullish buying opportunity or short-term momentum in the market.
  • The Relative Strength indicator has turned bullish on the one-hour time frame which above 70 levels, indicating the over brought
  • The MACD indicator has turned bullish on the one-hour time frame and continues to issue a buy signal.
  • The Parabolic SAR markers were above the candles and showcased a bullish market.

Recently, Coingeek founder Calvin Edward Ayre claimed that All other cryptocurrencies ‘will be absorbed into Bitcoin SV’.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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