The crypto market has seen a resurgence of interest in Bitcoin forks, with Bitcoin Cash and Bitcoin SV experiencing price pumps in the past 24 hours.
Historically, these halvings have preceded major bull runs for Bitcoin – and the same could be happening for Bitcoin Cash.These surging derivatives volumes indicate rising retail interest in trading BCH around its halving event.Another Bitcoin offshoot is also performing well – Bitcoin SV.After rejecting support at around $68 in late March, the token has been steadily grinding higher over the past few weeks.
Some traders theorize it could simply be rising interest in Bitcoin forks that’s lifting BSV’s price. If buyers can sustain momentum and push through that triple-digit barrier, it could help BSV return to the highs of $125, posted last month.No more dropping huge amounts of cash on mining rigs or paying expensive electricity bills – holding BTCMTX is all that’s required.During its presale phase, Bitcoin Minetrix has already raised over $12.8 million from investors looking to load up at the discounted rate of just $0.0144 per token before exchange listings.
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