Craig Wright-Founded Bitcoin SV Loses Ground To Apex Crypto As It Hits Record Low

Bitcoin SV BSV/USD, a spinoff of Bitcoin BTC/USD, known as Satoshi’s Vision, has witnessed a massive drop in its value against Bitcoin. 

What Happened: According to data from LunarCrush, BSV is currently trading at 0.0011 BTC per BSV, its lowest-ever level. This marks a decline of almost 99.8% against Bitcoin.

This comes at a time when BTC breached $30,000 levels and hit a 10-month high, as the overall cryptocurrency market rebounds.

See More: Top Indian Apps That Give Bitcoin, NFT Rewards

In January 2023, BSV was delisted from the trading platform Robinhood, causing prices to tumble.

BSV was launched in late 2018. It was created by Craig Wright, who claims to be the original creator of BTC.

Price Action: At the time of writing, BSV was trading at $35.18, up 0.49%, while BTC was trading at $30,106.61, up 0.52% in the last 24 hours, according to Benzinga Pro.

Read More: Ethereum’s Shapella Upgrade Pushes It Higher, Bitcoin, Dogecoin Decline: Analyst Predicts 47% Rally For This Altcoin

Market News and Data brought to you by Benzinga APIs
Posted In: CryptocurrencyNewsBitcoin SVCraig Wright
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!