Bitcoin SV (BSV), a lesser-known fork of Bitcoin, surprised the crypto market today with a sharp 14% price jump, trading near $21.4 as buying activity picked up.
The sudden move stood out as BSV had stayed quiet for weeks, while rising U.S. regulatory optimism, higher trading volume, and Bitcoin’s rally helped lift market sentiment.
One key reason behind today’s rally is rising regulatory optimism in the U.S. On January 5, 2026, Arizona State Senator Wendy Rogers introduced SB 1044, a bill proposing to exempt virtual currencies from property taxes.
If passed, this could lower holding costs for crypto users and encourage wider adoption. For Bitcoin SV, which focuses on low-cost and high-speed transactions, this news supports its long-term use-case narrative and improved investor confidence.
Market interest in BSV increased rapidly, with 24-hour trading volume jumping around 460% to $73 million. This spike shows strong renewed buying interest and growing momentum.
Over the past seven days, BSV has also up nearly 20%, outperforming many other altcoins during the same period.
Another factor driving Bitcoin SV higher is Bitcoin’s strong price rebound. Bitcoin climbed nearly 5% today, reaching around $93,000, lifting overall market sentiment.
Historically, when Bitcoin rallies, related assets like Bitcoin forks often benefit as traders rotate into smaller, higher-risk tokens seeking quicker gains.
Bitcoin SV has shown a strong short-term recovery, with the price jumping nearly 14% to trade around $21.31. On the daily chart, BSV is still moving inside a descending channel, showing continued selling pressure with lower highs and lower lows.
The recent bounce came from the $17.5 support zone, indicating fresh buying interest. However, price is now nearing a key resistance area between $22 and $24, where selling pressure could return.
Meanwhile, a daily close above $26 would be a strong signal that BSV is breaking out of the bearish structure. If that happens, BSV could move toward $30, with further upside possible to $43.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Bitcoin steadied this week after a brief pullback, with analysts saying the broader price structure…
MSCI Inc., a global provider of stock market indexes, has made its decision on digital…
After printing consecutive bullish candles, the Bitcoin bulls are facing some resistance, which is causing…
JasmyCoin (JASMY) is trading higher today after posting a sharp daily rebound. This move is…
XRP’s price has frustrated many investors over the past few months, barely moving while other…
Crypto markets are starting the year on a positive note, with Bitcoin, Ethereum, and XRP…
