Since its haphazard emergence, Bitcoin SV [BSV] has managed to keep its nose above the $1 billion mark, but the recent market downturn has got proponents concerned. Despite the bearish swing to the collective market since the close of last year, January saw its own set of fluctuations, pushing BSV down in two cycles, the first to just above $1.3 billion and the more recent one to $1.09 billion, sounding alarm bells.
At press time, the tenth largest cryptocurrency in the market has managed to keep its market cap steady at $1.12 billion while the price of the coin stands at $63.81, a 3.9 percent decline against the US dollar.
In terms of exchange dominance, BitMart takes the top-two spots with volumes of $13.12 million, 17.74 percent, and $5.98 million, 8.09 percent respectively, in the BSV/ETH and BSV/USDT trading pairs. Following up is Bit-Z, which holds 7.74 percent of the global trading volume in the BCHSV/BTC trading pair.
Bitcoin SV suffered a significant downtrend…
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