{"id":384299,"date":"2019-05-30T13:27:41","date_gmt":"2019-05-30T13:27:41","guid":{"rendered":"https:\/\/wncen.com\/?p=384299"},"modified":"2020-10-07T11:27:15","modified_gmt":"2020-10-07T11:27:15","slug":"bitcoin-sv-surges-33-on-the-day-whats-triggering-the-rally","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-sv-surges-33-on-the-day-whats-triggering-the-rally\/","title":{"rendered":"Bitcoin SV Surges 33% on the Day: What’s Triggering the Rally?"},"content":{"rendered":"
Following the backlash over Craig Wright’s claim of being Satoshi Nakamoto, which culminated in Binance delisting Bitcoin SV, everyone assumed it would die a death. However, Bitcoin SV is far from done. This morning, it was up 72% to peak at $244.<\/p>\n
Markets woke to the news that Bitcoin SV had risen to a new all-time-high. Today’s performance pips the previous high of $239 during mid-November 2018, which happened close to its inception date.<\/p>\n
Data shows Upbit<\/a>, Korea’s largest exchange, makes up the majority of the volume, at 16%. This is closely followed by OkEx and Huobi, which when combined account for a third of the total volume. This currently stands at $2.2 billion – another all-time-high for Bitcoin SV.<\/p>\n <\/p>\n Some have attributed the spike in volume to “fake news” of Binance relisting Bitcoin SV. Dovey Wan<\/a>, investor, and cryptoanalyst noted an image of that scenario, making the rounds on Chinese crypto media. She was quick to tweet about the incident, which Binance CEO, Changpeng Zhao has since confirmed as bogus.<\/p>\n The trick is easy and constantly used by many scams – all chinese crypto media circulate the breaking news via picture as above in wechat, instead of news link. So anybody can just use the same theme template and photoshop one \u261d\ud83c\udffb like above<\/p>\n — Dovey "Rug the fiat" Wan (hiring) (@DoveyWan) May 29, 2019<\/a><\/p><\/blockquote>\n\n