The bear market is not ready to leave and the cryptocurrencies are still facing the burn of this. Bitcoin Cash [BCH] and Bitcoin SV [BSV] are the two coins, who after a long dance have settled on seventh and eighth positions respectively.
According to CoinMarktetCap, BCH was valued at $89.07 with a market cap of $1.5 billion. The coin registered a 24-hour trade volume of $81 million and had plunged by 14.31% in the past seven days. However, at the time of press, the coin registered a growth of 0.27% in the past one hour. The coin projected a growth of 0.27% within an hour, at press time.
According to the maximum trading volume, Binance registered a trading volume of $5 million with BCHABC/BTC pair. The second in line was CoinSuper with a trading volume of $5 million with BCHABC/BTC pair. The third position was taken by Upbit with a volume of $4.5 million with BCH/KRW pair.
BSV, the eighth largest coin was valued at $80.52, at the time of press. According to CoinMarketCap, the coin registered a market cap of $1.4 billion with a fall of 6.51 % over the past 24 hours. The coin had noted a 24-hour trade volume of $67 million with a fall of 25.95% over seven days. The overall growth reported by the coin was 0.49% within an hour, at the time of writing.
As per the 24-hour trade volume of the coin, Binance noted a trading volume of $12 million with BCHSV/USDT pair. Binance also registered a second highest trading volume of $10 million with BCHSV/BTC pair. The third place was taken by Upbit, which recorded a trading volume of 6 million with BSV/KRW pair.
The proponent of BSV, Craig Wright has been highly active on social media discussing the future of the coin and his mission of building an SPV system mentioned in Satoshi Nakamoto’s original white papers. Wright has given a manifesto for the coin’s performance for the coming years and ahead. However, at this moment the coin is not seen to save itself from the wrath of the angry bear.