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Bitcoin SV’s Calvin Ayre questions Bitcoin’s [BTC] price surge; calls it an exit pump

Namrata Shukla

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Bitcoin SV's Calvin Ayre questions Bitcoin's [BTC] price surge; calls it an exit pump
Source: Pixabay

Bitcoin [BTC] eventually broke its $7k mark and was successful in maintaining itself above this mark. The largest cryptocurrency in the world had been pumping over the past few weeks, which led many altcoins to pump too. However, Bitcoin’s fork, Bitcoin [SV] that suffered massively due to de-listing did not make its way back in the top 10 even after noting growth.

BSV’s proponents Calvin Ayre and Craig Wright believe BSV to be the “true BTC” and have always dissed Bitcoin. Wright is on a Twitter hiatus, but his colleague Ayre recently questioned the sudden surge in BTC.

Ayre tweeted:

“is the current BTC price move an exit pump by all the exchange scammers…if so the only safe place to retreat too is BSV which is not promoted up and has in fact recently been down promoted with the market manipulation delist attack..and has real utility.”

Ayre’s tweet did not receive support from many people in the crypto community and one of the Twitter user @W281832122 said:



“BSV holders have lost 80% since you said retreat into BSV at the last coin geek compared to BTC….”

Bitcoin SV has been in a slump due to lack of developments and Wright’s decision to sue people in the community which resulted in the coin getting de-listed from one of the largest exchange, Binance. The coin has currently settled on the 14th position on CoinMarketCap.

At press time, Bitcoin [BTC] was valued at $7,269.16 with a market cap of $128 billion. The trading volume of the coin was noted to be $28.85 as it surged by a massive 25.66% over the past week. In the past day, BTC hiked by 7.05% but started correcting itself by 1.25% in an hour.





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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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Binance Coin [BNB] registers ATH as it surges by over 16,000% since inception

Namrata Shukla

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Binance coin [BNB] registers ATH as it surges by over 16,000% since inception
Source: Pixabay

The cryptocurrency market continued to register massive growth, as the prices of most major cryptocurrencies soared. However, the late entrant to the list, Binance Coin [BNB] is posing to be tough competition for other coins in terms of performance. BNB which entered the crypto market in July 2017, breached its all-time high and was trading at $28.79, at press time.

Source: Trading view

Source: Trading view

Binance Coin started out in July 2017 with a value of $0.1927 and marked its all-time high on May 18 at $31.91, according to the Trading View chart of the coin on Binance. BNB noted the growth of a massive 16,458.31% since 2017. However, until the beginning of 2019, BNB was valued at $6.59, after which the coin noted a surge by 384.15% and peaked at $31.



Source: CoinMarketCap

Source: CoinMarketCap

In the month of May, BNB noted a 28.16% growth, and the coin was valued at $28.66, with a market cap of $4.04 billion. The 24-hour trade volume of the coin was reported to be $551 million as it spiked by over 10% in a day. In the past seven days, the coin grew by 35.97%, but slipped by a minimal 0.25% in an hour.

BNB was highly traded on its native exchange, Binance via the BNB/BTC and BNB/USDT pairs. The BNB/BTC trading volume noted on Binance was $140 million, while the volume reported on the BNB/USDT pair was $132 million. The third place was taken by BKEX via the BNB/USDT pair as it registered a trading volume of $72 million.





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