The next pump: Bitcoin SV rises by 15 percent
The price of Bitcoin SV (BSV) rose on Saturday by up to 15 percent in a pump that appears to be influenced by whales. The BSV to dollar exchange rate climbed in just four hours from 288 , 71 dollars up to 343, 53 dollars. The couple's rise followed days of sideways movements and a gigantic jump of 300 since Earlier this year, which shows that Bitcoin SV is running towards its previous annual high of approximately 458 Introduces dollar.
The jump came although the rest of the crypto market is experiencing a relatively calm move after a long uptrend. Bitcoin has increased by 0 in the last 24 hours , 20 percent, while Ethereum by about 2, 40 percent increased. Meanwhile, XRP fell by around one percent.
Bitcoin SV's profits followed despite the removal of Wikipedia founder Jimmy Wales due to rumors of involvement in the blockchain project. Mr Wales, who will join Bitcoin SV and the team at their CoinGeek conference in London as the keynote speaker, found himself amid rumors that he supports Craig Wright. However, Mr Wales refuted this claim in a tweet published on Friday.
“Your marketing materials need to be updated immediately – as people seem to read this as some kind of confirmation from me,” said Mr. Wales. “I come to express my opinion, which also includes that the BSV does not offer anything for Wikipedia and that there is no chance that we would ever use it.
Your marketing materials need to be updated immediately – as people seem to be reading this as some kind of endorsement from me. I'm coming to speak my mind, which includes that BSV offers nothing for Wikipedia and that there is zero chance we would ever use it. https://t.co/Smm5RfXBJc
– Jimmy Wales (@jimmy_wales) February 7, 2020
The BSV bulls do not seem to mind. Only twelve hours after Mr. Wales tweeted, the BSV dollar rate soared. Despite the increase, it is very likely that BSV has been pumped. Bitcoin SV is not tradable on most major platforms, so whales can strongly influence the price on individual, mostly Asian, exchanges.
Proof of text: newsbtc