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Bitcoin Cash [BCH] plunges 20% over the week; Bitcoin SV [BSV] registers healthier market

Namrata Shukla

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Bitcoin Cash [BCH] plunges 20% over week; Bitcoin SV [BSV] registers healthier market
Source: Unsplash

The cryptocurrency market seems to be in a tug of war between the bull and the bear. In this game of strength, Bitcoin ABC, or now called as Bitcoin Cash [BCH], and Bitcoin SV [BSV] are fighting for their rightful positions in the top-10 list.

BCH, which ranks fourth on CoinMarketCap, has seen a ravaging fight between the bull and the bear. At the time of press, BCH had plunged 7% in the past 24-hours and was valued at $143, with a market cap of $2 billion.

The coin reported a 24-hour trade volume of $76 million. BCH has plunged by a staggering 20% in the past seven days while BSV slipped by 1% over the past week.

The maximum trading volume for the coin was registered on Upbit, a Korean exchange on the BCH/KRW pair, with a 24-hour trade volume of $6 million. The next in line was Coinsuper on the BSCABC/BTC pair, with a 24-hour trade volume of $5 million, followed by Huobi, a Singapore-based cryptocurrency exchange.

Source: CoinMarketCap

Source: CoinMarketCap

BSV, after seeing the lush green side of the pastures just last week, has also fallen prey to the bear. The coin’s standing on the CoinMarketCap list is at position nine. At the time of press, BSV has plunged 4% in the past 24-hours and was valued at $87, with a market cap of $1 billion, almost half of BCH. The coin reported a 24-hour trade volume of $58 million.

Source: CainMarketCap

Source: CainMarketCap

The maximum trading volume for the coin was registered on Binance, a Chinese exchange on the BCHS/USDT pair, with a 24-hour trade volume of $7 million. The second place is acquired by Coinsuper on the BCHSV/BTC pair, with a 24-hour trade volume of $7 million, followed by Binance again on BCHSV/BTC pair.


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