Why Bitcoin SV Was Blasting Higher on Wednesday
Cryptocurrencies have been doing well in the last few days, and coming along for the ride has been Bitcoin SV (CRYPTO: BSV). The coin was up by nearly 13% in price over the preceding 24 hours as of late afternoon Wednesday, a rise that reflected the close association with its near-namesake asset.
Bitcoin SV is a hard fork of a hard fork. It branched off from Bitcoin Cash, which in turn was a fork from the original Bitcoin. Bitcoin SV is an attempt to return to what its developers perceive as the original mission of Bitcoin. As stated on the Bitcoin SV website, referring to Bitcoin creator Satoshi Nakamoto, the asset "has delivered Satoshi's vision of one global Bitcoin blockchain."
Some investors buy this reasoning, and some don't. Regardless, like Bitcoin Cash, the coin very much trades in sympathy with the original Bitcoin. That's a good thing these days, as investors have been flocking to the leading cryptocurrency in droves over the past few days.
Source Fool.com
