BSV Sees New Highs But the Miners Aren’t Holding?

• The cryptocurrency ecosystem looks like it is back to the early days before the pump and surges of 2017.
• During this time, we saw a lot of new institutional interest, as well as massive mainstream adoption even if it was for a short amount of time.

The cryptocurrency ecosystem looks like it is back in a state similar to the early days before the pump and surges of 2017. During this time, we saw a lot of new institutional interest, as well as massive mainstream adoption - even if it was for a short amount of time. The king coin went back above $10,000 and is causing some pretty intense feelings from investors and traders. Through this, we’ve seen a lot of altcoins also skyrocket in price. Bitcoin SV is one particular coin that has performed better than any of the top two cryptocurrencies.

However, the surge of Bitcoin SV has caused it to surpass its highest price to date of just over $250. In fact, it’s currently sitting at $354 going off current price values. 

In a comparison of the metric for top proof of work coins was an example to how each network is performing, a lot of bitcoin miners are currently quite content with the price as to how it currently stands.

Before we go any further, it’s worth saying that we aren’t financial investors and this isn’t financial advice. Please do your own research before putting your money in a cryptocurrency and always remember to trade safe!

Bitcoin SV has seen its new all-time high now which begs the question as to where it’s going to go from here. Will it keep surging? Only time will tell, however, if the bull market is in full swing as it has been over the weekend, we can expect great things for the digital assets. Miners seem to be dedicated to seel their coins for profit though. 

All this being said, the leading cryptocurrency is currently priced at $9,798 following a 0.59 per cent drop over the past 24 hours. Hopefully, it will be able to pull back soon to keep up such bullish momentum.

It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!