In what can be considered a surprise movement of the crypto market, the price of bitcoin cash SV took a boost close to 20%, during the night of this Thursday, which temporarily exceeded Bitcoin cash ABC in its market capitalization. Since the Bitcoin Cash bifurcation occurred on November 15, ABC's crypto-active had dominated its rival in preferences among operators.
The Satoshi Vision version (BCHSV) went from USD 92.31, around 8:00 a.m. this December 6, to trading at 113.67 after 9:00 p.m., a gain of 21.36. USD, that is, 20%. At the time of writing this article, its price stabilized at 105.22, which represents an increase of 12.82%.
In that same period of time, bitcoin cash ABC had a diametrically opposite behavior. The cryptoactive had a price of 119.37 dollars at 8:00 in the morning, to then fall to 97.62 dollars before midnight, a slip of 21.75 USD, that is, a stumble around 18%.
At 9:00 a.m. this Friday, December 7, BCHABC again displaced BCHSV, by comparing its market capitalizations, which opens the door for an exchange of positions in this new chapter of the so-called war of hashes. Each one maintains a capitalization of about 1,800 million dollars.
MARKET IN RED
The market presents red numbers with bitcoin cash SV as the clear exception. The general capitalization is at 107 billion dollars, after being on Thursday at 121 billion, a drop of 14 billion or 12%. Among the main cryptocurrencies, bitcoin shows a fall of 9.68% (USD 3,424.50), XRP down by 10.04% (USD 0.30), ether has lost 14.13% (USD 86.16) and lumens (Stellar) shows a setback of 15.69% trading at 0.11 dollars.
The unusual behavior of the cryptoactives, of both chains derived from Bitcoin Cash, caught the attention of the users. In reddit the debate suggested that it would be a manipulation of the market to favor BCHSV.