Bitcoin SV Skyrockets 51%, Leaving Bitcoin, Ethereum In The Dust, Shorts Get Liquidated

Benzinga · Dec 28, 2023 13:41

Bitcoin SV(CRYPTO: BSV) surged over 51% on Wednesday, surpassingBitcoin(CRYPTO: BTC) andEthereum(CRYPTO: ETH), to secure a spot as one of the top performers on CoinMarketCap's rankings today.

What Happened:At the time of writing, BSV was trading at $80, with its trading volumes escalating over 877% in a single day, reaching $520 million.

Data fromCoinGlassshows the impact on short sellers, indicating that over $3 million worth of BSV short positions were liquidated in the last 24 hours.

The rise of BSV coincides with a broader rally in the crypto market, headlined by Bitcoin's hovering around the $44,000 mark.

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