Bitcoin Cash [BCH] becomes biggest weekly gainer; registers 133% growth as Bitcoin SV [BSV] grows by only 43%

Keeping the holiday spirits up, the market has been merciful to all cryptocurrencies, as most of them have seen double-digit growth. Bitcoin Cash [BCH] has emerged as the biggest gainer as at the time of press, the coin’s growth over the past seven days was 133.93%. Bitcoin SV, on the other hand, did not seem to climb up the stair as at the time of press, the coin returned to the ninth position.

Source: CoinMarketCap

According to CoinMarketCap, BCH was valued at $188 at the time of press, with a market cap of $3 billion. The coin has climbed up the top-10 cryptocurrencies list and has settled on the fourth spot. BCH reported a 24-hour trade volume of $1 billion. After growth of 9.12% over the day, the coin is slowly slipping by 0.57% in the past hour.

In terms of trading volume, Upbit reported a maximum trading volume of $155 million with the BCH/KRW pair. Upbit was followed by Huobi, which registered a volume of $151 million on the BCH/USDT pair. The third place was taken by Binance, with $132 million in trading volume on the BCHABC/USDT pair.

Source: CoinMarketCap

Source: CoinMarketCap

Bitcoin SV was valued at $102.49, with a market cap of $1.7 billion. The coin had a flash hike on December 20 when it jumped to the eighth position, but soon returned to the ninth position. The maximum trading volume for BSV was registered by Upbit with $83 million on the BSV/KRW pair. Upbit was followed by Binance on the second and the third position. In the second position, it registered a trading volume of $78 million with BCHSV/USDT pair, while on the third position, Binance registered a trading volume of $46 million with BCHSV/BTC pair.

Moneybutton had recently informed users that the company had released a JavaScript Bitcoin Library for Bitcoin SV. The company led by Ryan X Charles had stated that the new product will be a library for cryptography, key management, and transaction building for Bitcoin SV. The official circular read:

“bsv is based on bitcore-lib-cash, which itself is a fork of bitcore-lib. Because BitPay does not currently maintain a javascript library for Bitcoin SV, we have decided to maintain the library ourselves for the Bitcoin SV community.”

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Namrata Shukla

Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.


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