Bitcoin SV’s latest protocol update excites investors; get ready for real trading opportunities with Bitcoin Minetrix presale

Bitcoin SV (BSV) remains bullish on the daily chart, with prices up 7% in the past 24 hours and more than 28% this week. Currently, BSV is trading at $43, reaching levels last seen four months ago.
The Bitcoin fork has a real-time market cap of approximately $828 million, with daily trading volume exceeding $200 million on Thursday. 24-hour trading volume increased by 40%, further strengthening investor interest in the cryptocurrency. The price of Bitcoin SV has increased by 30% in the past four days and 10% in the past few days.
The top 10 performers among the top 100 cryptocurrencies by market cap over the past two days are:
1. $CPRC 250.70%
2. $RLB 14.59%
3. $BSV 11.23%
4. $INJ 6.34%
5. $XRD 4.71%
6. $RNDR 4.28%
7. $XEC 2.33%
8. $RUNE 1.96%
9. $MINA 1.87%
10. $DYDX 1.10%
BSV’s gains appear to have benefited from the rise in Bitcoin (BTC) prices earlier this week, amid rumors that the U.S. Securities and Exchange Commission (SEC) had approved Blackrock’s spot Bitcoin exchange-traded fund (ETF) application, opening the door for an accelerating wave of U.S. institutional buying.
Although the news, which originally appeared on Cointelegraph’s Channel X, turned out to be fake, it warned Bitcoin shorts to stay away from the market as they could be quickly liquidated if a Bitcoin ETF is approved.
Bitcoin SV Price Prediction- Is a Return to $56 Possible?
BSV’s latest price surge has taken it to a three-month high, paving the way for the cryptocurrency to quickly rise above $56 by 2023.
The latest uptick has flipped the price of Bitcoin SV above the main moving averages — from the $33 to $35 area — and extended the recovery from the $26 lows in August.
The psychological $45 mark is a strong immediate resistance. Although the bull run pushed Bitcoin SV above this level in late June, the price subsequently plummeted by more than 50% and fell after reaching a high of $56.
Buyers will now try to push the price back above this level, hoping that the recovery can continue. If successful, the price of Bitcoin SV will rise further, collecting more supply-side liquidity. The next logical move would be towards $50 or back to the July 1 range, which was around $56. Such a move would take the price of Bitcoin SV up about 30% from current levels.
Despite the promising outlook for Bitcoin SV, the cryptocurrency remains highly risky due to its inability to sustain stable price performance. For investors seeking a higher probability of near-term gains, an alternative high-risk, high-reward investment strategy to consider is participating in cryptocurrency pre-sales.
One of the cryptocurrencies being pre-sold is Bitcoin Minetrix (BTCMTC), a unique blockchain network that operates on the concept of staking mining. Bitcoin Minetrix will tokenize cloud computing using the $BTCMTX token, making it easier to mine Bitcoin.
Through Bitcoin Minetrix’s Ethereum smart contract, $BTCMTX token holders can stake their holdings.
Token holders can earn passive income through staking contracts and earn cloud mining credits. Although these credits are not tradable, they can be burned on Bitcoin Minetrix to purchase Bitcoin cloud mining computing power.
At the time of writing, the presale price of BTCMTX tokens is $0.011 in the first presale round. The price will rise to $0.0129 by the end of the 20th presale round. Bitcoin Minetrix hopes to raise $1.54 million in the first presale phase, which is expected to end on October 16, 2023. So far, more than $1.77 million has been raised.
Interested investors can make a minimum purchase of $10 from the presale. BTCMTX tokens can be exchanged for Ethereum (ETH), Tether (USDT) or BNB (BNB).
To learn more about this new staking mining cryptocurrency project, visit Bitcoin Minetrix.
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