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Although the leading cryptocurrency Bitcoin (BTC) did not record a significant increase on the first day of the new week, there were other cryptocurrencies that experienced high rate value increases throughout the day. According to CoinMarketCap data, Bitcoin SV (BSV) recorded a value increase of more than 10% in the last 24 hours, reaching the price level of $40 during the day, showing a strong upward momentum.
What is the Current Situation in the Crypto Currency Market?
The leading cryptocurrency Bitcoin (BTC), which has been consolidating between the price levels of $29,000 and $30,000 for the past week, started the first day of the new week with a low rate value increase of 0.4% and approached the price level of $29,400. On the other hand, Ethereum (ETH), which experienced a 0.3% value loss in the last 24 hours despite the low rate value increase in Bitcoin, fell to the price level of $1860.
The total market value of the crypto currency ecosystem decreased by 0.25% to $1.18 trillion according to CoinMarketCap (CMC) data. Meanwhile, due to the volatility in the crypto currency market, a total of $60 million worth of short and long positions were liquidated within the last 24 hours, according to Coinglass data.
Bitcoin SV, which experienced a strong upward momentum during the day, surpassed the $40 price level within hours.
Value Increase Exceeded 10%
Although the leading cryptocurrency Bitcoin continued to trade at $29,000 without recording a significant increase on the first day of the new week, there were other cryptocurrencies that gained momentum in the upward direction throughout the day. Bitcoin SV (BSV), which reversed its direction and gained momentum during the day, reached double-digit value increases within hours.
Bitcoin SV (BSV) recorded a value increase of over 10% in the last 24 hours and reached the price level of $40 during the day. With these recent value increases, Bitcoin SV (BSV) became the cryptocurrency with the highest percentage increase among high market value cryptocurrencies on the first day of the new week, according to CMC data.
