Bitcoin’s remarkable rally continues to turn heads. Early Thursday, the cryptocurrency surged past $97,000, approaching the historic $100,000 milestone. This surge has not only fueled excitement around Bitcoin (BTC) but has also sent its hard forks—Bitcoin SV (BSV), Bitcoin Cash (BCH), and Bitcoin Gold (BTG)—soaring with substantial gains.
Bitcoin SV (BSV)
Bitcoin SV (BSV) surged 11.8% to $76.24 in 24 hours, riding the wave of Bitcoin’s bullish momentum.Â
Its market capitalization climbed to $1.51 billion, up 11.02%, with trading volume skyrocketing by 97% to $130.92 million.
Bitcoin SV (BSV) split from Bitcoin Cash in November 2018 at block 556766, but it now has a smaller user base.
Bitcoin Cash (BCH)
Bitcoin Cash (BCH) outperformed its peers, jumping 17.69% in the past 24 hours to reach $518.52.Â
Its market cap now stands at an impressive $10.26 billion. Trading activity around BCH has been intense, with a staggering 159.81% rise in 24-hour volume to $1.18 billion.
Bitcoin Cash (BCH) was created on August 1, 2017, after a hard fork from Bitcoin (BTC) at block 478558. This split was due to disagreements over protocol updates, particularly Segregated Witness.
Bitcoin Cash (BCH) was created on August 1, 2017, after a hard fork from Bitcoin (BTC) at block 478558. This split was due to disagreements over protocol updates, particularly Segregated Witness. Bitcoin Cash increased block size to 32 MB, speeding up transaction times. As of March 2024, BCH remains the 17th largest cryptocurrency by market cap.
Bitcoin Gold (BTG)
Meanwhile, Bitcoin Gold (BTG) also performed robustly, climbing 15.80% to $36.89. Its market cap rose to $646.05 million, while its trading volume exploded by 772.02% to $103.07 million.
Bitcoin Gold (BTG) followed in October 2017, forking from Bitcoin at block 491407. Its goal was to make mining more accessible by using GPUs instead of specialized hardware.
This rally in Bitcoin and its forks appears to be catalyzed by heightened market optimism following a Republican victory earlier this month. As Bitcoin edges to $100,000, its forks seem poised to ride the momentum further, attracting renewed investor interest.
Market participants are watching closely as BTC approaches its next big milestone, potentially solidifying a market cap above $2 trillion.
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