Bitcoin has smashed through $65,000, continuing its race to the moon, and the fast-rising tide is lifting all boats: BTC offshoots like Bitcoin Cash (BCH) and Bitcoin Satoshi’s Vision (BSV) are surging.

Bitcoin

Bitcoin is rapidly closing in on its all-time high of $69,000. The number one cryptocurrency is trading at $66,413 at time of writing, up 5.7% in the last 24 hours.

Bitcoin Forks

Several cryptocurrencies have forked from the Bitcoin blockchain, and two of the forks most closely associated with their storied progenitor are BCS and BSV.

Bitcoin Cash (BCH) is trading at $443.82, down 5.56% for the last 24 hours but up 63.94% for the last seven days, outpacing Bitcoin’s 24.35% seven-day gains.

In comparison, Bitcoin SV (BSV) is trading at $117.75, up 7.55% for the last 24 hours, and like Bitcoin Cash, it is outpacing Bitcoin with 49.85% seven-day gains.

BRC-20 Tokens

BRC-20 tokens—best known for spawning Bitcoin Ordinals inscriptions—are also rallying, with the top three tokens by market capitalization seeing strong weekly appreciation.

Introduced in March of last year by a pseudonymous developer named Domo, the BRC-20 protocol leverages the capabilities unlocked by Bitcoin’s Taproot upgrade in November 2021. This upgrade blended Bitcoin’s robustness with Ethereum’s tokenization efficiency.

Currently, Ordi (ORDI) is trading at $83.34 per token, up 3.25% in the last 24 hours and 25% for the week, according to CoinMarketCap.

SATS (1000SATS) is trading at $0.0007112, up 11.87% in the last 24 hours and 47.92% for the last seven days.

Finally, Multibit (MUBI) is trading at $0.17, up 10.60% for the last 24 hours, up 18.09% for the week.

The post Bitcoin Hardforks BCH, BSV Outpace BTC Gains appeared first on Crypto News Australia.

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Filed under: Bitcoin - @ March 5, 2024 12:22 am