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Cryptocurrency News Articles

Bitcoin (BTC) Nears $100,000 Milestone, Lifting Hard Forks BSV, BCH, and BTG

Nov 21, 2024 at 02:59 pm

Bitcoin (BTC) remarkable rally continues to turn heads. Early Thursday, the cryptocurrency surged past $97,000, approaching the historic $100,000 milestone.

Bitcoin (BTC) Nears $100,000 Milestone, Lifting Hard Forks BSV, BCH, and BTG

As Bitcoin (BTC) continues its remarkable rally, approaching the highly anticipated $100,000 milestone, its hard forks have also experienced a surge in value.

Over the past 24 hours, Bitcoin SV (BSV) surged by 11.8%, trading at $76.24. This increase was accompanied by a 11.02% rise in market capitalization, reaching $1.51 billion. Notably, BSV's trading volume also experienced a significant surge of 97%, reaching $130.92 million during this period.

Amongst Bitcoin's hard forks, BSV faced the least volatility with a price fluctuation of only 1.8% during the past seven days. However, it encountered a substantial 7.24% decrease over the past 30 days.

Meanwhile, Bitcoin Cash (BCH) also saw a substantial rise, surging by 17.69% during the past 24 hours, reaching $518.52. This surge led to a market capitalization of $10.26 billion, with an impressive 159.81% increase in 24-hour trading volume, reaching $1.18 billion.

Over the past seven days, BCH experienced a moderate price volatility, fluctuating by 3.28%. However, it encountered a significant price decrease of 7.06% over the past 30 days.

Finally, Bitcoin Gold (BTG) also performed robustly, surging by 15.80% during the past 24 hours, trading at $36.89. This increase also impacted its market capitalization, which rose to $646.05 million. Additionally, BTG's trading volume also saw a substantial surge of 772.02% during this period, reaching $103.07 million.

This rally in Bitcoin and its forks appears to be influenced by the broader market optimism, particularly following a Republican victory earlier this month. As Bitcoin edges closer to $100,000, its forks are also set to ride this momentum, attracting renewed investor interest as the market unfolds.

Original source:cryptotimes

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