Bitcoin Cash And Bitcoin SV Outpace King Crypto With 24-Hour Gains: What's Happening With These Spin-Offs?

Benzinga · Jul 29, 2024 12:07

In an interesting turn of events, lesser-knownBitcoin(CRYPTO: BTC)-labeled coins outperformed the apex cryptocurrency in 24-hour gains.

What Happened:Bitcoin Cashspiked over 7% in the last 24 hours, becoming the market's second-best-performing cryptocurrency.

The $8-billion market cap coin soared to a one-month high, witnessing a 40% jump in trading volumes.

Meanwhile, Bitcoin SV lifted nearly 4% during the day, recovering the losses made during the past week.

Cryptocurrency	Gains +/-	Price (Recorded at 11:00 p.m. EDT)
Bitcoin Cash (CRYPTO: BCH)	+7.72%	$426.48
Bitcoin SV (CRYPTO: BSV)	+3.97%	$47.67

Interestingly, King Crypto remained little changed over the day, rising just 0.87% over the last 24 hours even as Trump announced that he would sack SEC ChairGary Gensler, viewed by...

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