Over the past week, Bitcoin SV (BSV) has experienced a significant 60% price pump, defying expectations of continued sideways trading.
BSV is now hovering around the $91.40 level, marking the coin’s highest value since April 2022.
Meanwhile, the hot new altcoin Bitcoin Minetrix (BTCMTX) is heading towards the end of its highly successful presale event – and is being touted as the next coin that could follow in BSV’s footsteps.
Short Squeeze Fires Up Bitcoin SV After Period of Sideways Trading
Bitcoin SV’s remarkable rise over the past week has been primarily driven by a squeeze on short sellers.
According to data from CoinGlass, over $4 million worth of shorts were liquidated in the past 24 hours, contributing significantly to the coin’s upward momentum.
Trading volumes have also escalated dramatically, jumping 512% to reach $723 million as speculators look to get involved.
This development coincides with circulating rumors about potential US regulatory approval of a spot BT
We współpracy z: https://cryptopotato.com/heres-why-bitcoin-sv-has-pumped-60-as-traders-say-bitcoin-minetrix-could-explode-next/
