The crypto market has seen a resurgence of interest in Bitcoin forks, with Bitcoin Cash (BCH) and Bitcoin SV (BSV) experiencing price pumps in the past 24 hours.
Meanwhile, the revolutionary mining platform Bitcoin Minetrix (BTCMTX) has passed the $12.8 million mark in its ICO – and is preparing for exchange listings shortly.
Bitcoin Cash has been one of the standout performers in the crypto market over the past 24 hours, with its price surging 12% to trade at around $686.
This latest pump has pushed BCH to its highest price since November 2021.
BCH’s rally comes on the heels of the coin’s latest halving event, which occurred yesterday.
This pre-programmed supply cut slashed the reward for miners from 6.25 BCH to 3.125 BCH per block validated.
Historically, these halvings have preceded major bull runs for Bitcoin – and the same could be happening for Bitcoin Cash.
BCH has actually been on a tear well before the halving, up 129% since the beginning of March.
Fueling that buying frenzy has been a steady increase in open interest across BCH perpetual futures markets.
Open interest climbed to almost $700 million yesterday – a new all-time high.
These surging derivatives volumes indicate rising retail (and potentially institutional) interest in trading BCH around its halving event.
Another Bitcoin offshoot is also performing well – Bitcoin SV.
The controversial fork’s price has climbed over 6% in the past 24 hours to trade around $98.20.
However, BSV’s upward trajectory extends back even further.
After rejecting support at around $68 in late March, the token has been steadily grinding higher over the past few weeks.
Its latest leap appears to have created a higher low on the daily chart – a development that often precedes further upside.
Unlike Bitcoin Cash’s clear catalyst with its halving event, the drivers behind BSV’s rally are more unclear.
Some traders theorize it could simply be rising interest in Bitcoin forks that’s lifting BSV’s price.
The stellar performance of Bitcoin Cash may be stoking speculation that Bitcoin SV could follow a similar trajectory.
Whatever the reasons, BSV now finds itself approaching a critical psychological resistance level at $100.
If buyers can sustain momentum and push through that triple-digit barrier, it could help BSV return to the highs of $125, posted last month.
Alongside Bitcoin Cash and Bitcoin SV, another crypto project is quietly generating buzz of its own – Bitcoin Minetrix.
This upstart protocol puts a fresh spin on Bitcoin mining by allowing investors to earn BTC simply by staking their BTCMTX tokens.
No more dropping huge amounts of cash on mining rigs or paying expensive electricity bills – holding BTCMTX is all that’s required.
Clearly, that value proposition is resonating with the crypto community.
During its presale phase, Bitcoin Minetrix has already raised over $12.8 million from investors looking to load up at the discounted rate of just $0.0144 per token before exchange listings.
This presale traction highlights the growing demand for more accessible, decentralized ways to gain exposure to Bitcoin.
Especially with the coin’s next halving looming later this month – an event that has historically prompted bull runs for BTC.
The hype surrounding Bitcoin Minetrix’s presale has translated into a rapidly expanding community on social media.
Over 24,000 people have followed Bitcoin Minetrix’s Twitter account, while the Telegram channel has become a hotbed of activity.
This momentum shows no signs of slowing either, given that Bitcoin Minetrix recently underwent a smart contract audit from the experts at Coinsult.
All this buzz is building towards Bitcoin Minetrix’s highly-anticipated exchange listing in the coming weeks.
If the presale demand is any indication, this listing could prove explosive.
Visit Bitcoin Minetrix Presale
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotato’s full disclaimer.
The post Bitcoin Cash & Bitcoin SV Pumping as Bitcoin Minetrix Nears Exchange Listing appeared first on CryptoPotato.
Meanwhile, the revolutionary mining platform Bitcoin Minetrix (BTCMTX) has passed the $12.8 million mark in its ICO – and is preparing for exchange listings shortly.
Bitcoin Cash Soars 12% as Halving Euphoria Takes Hold
Bitcoin Cash has been one of the standout performers in the crypto market over the past 24 hours, with its price surging 12% to trade at around $686.
This latest pump has pushed BCH to its highest price since November 2021.
BCH’s rally comes on the heels of the coin’s latest halving event, which occurred yesterday.
This pre-programmed supply cut slashed the reward for miners from 6.25 BCH to 3.125 BCH per block validated.
Historically, these halvings have preceded major bull runs for Bitcoin – and the same could be happening for Bitcoin Cash.
BCH has actually been on a tear well before the halving, up 129% since the beginning of March.
Fueling that buying frenzy has been a steady increase in open interest across BCH perpetual futures markets.
Open interest climbed to almost $700 million yesterday – a new all-time high.
These surging derivatives volumes indicate rising retail (and potentially institutional) interest in trading BCH around its halving event.
Bitcoin SV Rallies 6% & Sets Sights on $100 Target
Another Bitcoin offshoot is also performing well – Bitcoin SV.
The controversial fork’s price has climbed over 6% in the past 24 hours to trade around $98.20.
However, BSV’s upward trajectory extends back even further.
After rejecting support at around $68 in late March, the token has been steadily grinding higher over the past few weeks.
Its latest leap appears to have created a higher low on the daily chart – a development that often precedes further upside.
Unlike Bitcoin Cash’s clear catalyst with its halving event, the drivers behind BSV’s rally are more unclear.
Some traders theorize it could simply be rising interest in Bitcoin forks that’s lifting BSV’s price.
The stellar performance of Bitcoin Cash may be stoking speculation that Bitcoin SV could follow a similar trajectory.
Whatever the reasons, BSV now finds itself approaching a critical psychological resistance level at $100.
If buyers can sustain momentum and push through that triple-digit barrier, it could help BSV return to the highs of $125, posted last month.
Bitcoin Minetrix Eyes Explosive Listing as Presale Fundraising Nears $13M Milestone
Alongside Bitcoin Cash and Bitcoin SV, another crypto project is quietly generating buzz of its own – Bitcoin Minetrix.
This upstart protocol puts a fresh spin on Bitcoin mining by allowing investors to earn BTC simply by staking their BTCMTX tokens.
No more dropping huge amounts of cash on mining rigs or paying expensive electricity bills – holding BTCMTX is all that’s required.
Clearly, that value proposition is resonating with the crypto community.
During its presale phase, Bitcoin Minetrix has already raised over $12.8 million from investors looking to load up at the discounted rate of just $0.0144 per token before exchange listings.
This presale traction highlights the growing demand for more accessible, decentralized ways to gain exposure to Bitcoin.
Especially with the coin’s next halving looming later this month – an event that has historically prompted bull runs for BTC.
The hype surrounding Bitcoin Minetrix’s presale has translated into a rapidly expanding community on social media.
Over 24,000 people have followed Bitcoin Minetrix’s Twitter account, while the Telegram channel has become a hotbed of activity.
This momentum shows no signs of slowing either, given that Bitcoin Minetrix recently underwent a smart contract audit from the experts at Coinsult.
All this buzz is building towards Bitcoin Minetrix’s highly-anticipated exchange listing in the coming weeks.
If the presale demand is any indication, this listing could prove explosive.
Visit Bitcoin Minetrix Presale
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotato’s full disclaimer.
The post Bitcoin Cash & Bitcoin SV Pumping as Bitcoin Minetrix Nears Exchange Listing appeared first on CryptoPotato.
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