Bitcoin SV [BSV] overtakes Bitcoin Cash [BCH] to fifth position after registering 25% growth
Bitcoin SV [BSV] has overtaken Bitcoin Cash [BCH] and has become the fifth-largest cryptocurrency after going on an unforeseen bull run. The Bitcoin has not only left BCH behind, but also major coins like EOS, Litecoin [LTC], and Tether [USDT]. BCH was seen on the bear’s side since the beginning of the week and a minimal change in its statistics was observed.
However, December 7 came with BCH being dragged by the bear to the seventh position on CoinMarketCap’s list. BCH has plunged by 42.58% in the last seven days.
BCH was reportedly valued at $161.90 on December 3 at 7.30 UTC, which continued to fall till $129.72 on December 5 at 22.30 UTC. The lowest point the coin reached was $95.28 on December 7 at 7.30 UTC, after which it showed an upward trend.
At the time of press, the coin was valued at $103.91, with a market cap of $1.817 billion. The coin registered a 24-hour trade volume of $149 million. The coin plunged by 17.79% in the last seven days, with a subsequent growth of 3.76% in the past hour.
Source: Trading view
On the other hand, the underdog, BSV jumped up the ladder from the ninth position to the fifth. It registered over 25% increase in the past 24 hours. The cryptocurrency was valued at $87 on December 6 at 4.30 UTC, which increased to $114.078 on December 7 at 5.30 UTC. It gradually started following a downtrend after this point.
At the time of press, the coin was valued at $108.86, with a market cap of $1.902 billion and had plunged by 1.22% in the last hour. The coin registered a 24-hour trade volume of $268 million. The coin also saw a growth of 9.02% in the past seven days, while a slip of 1.22% was observed in the past one hour, at the time of the report.
Source: Trading view
After a long rally, the coins have now assumed their original standings, with BSV slipping to the seventh position and BCH on the fifth position.
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