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Bitcoin SV Takes Spot #11 on CMC After Doubling Its Value Thanks to Craig Wright’s Recent Move

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Wed, 05/22/2019 - 09:08
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  • On Tuesday, Craig Wright’s Bitcoin SV ❗suddenly appreciated 120% – thanks to another resonating move of Dr. Wright – only to slightly retreat📊 later on

Cover image via 123rf.com
Contents

On Tuesday, Bitcoin rival Bitcoin SV suddenly surged about 120 percent after the team’s leader, Craig Wright, filed registrations with the US Patent Office for Bitcoin’s white paper and the Bitcoin code.

Some representatives of Craig Wright say that the self-proclaimed Bitcoin creator provided the US patent issuing agency with evidence proving that he is indeed Satoshi Nakamoto, writes Forbes in its recent piece.

Bitcoin SV moves to spot #11 on CMC

When major media outlets broke the news of Craig Wright copyrighting Satoshi’s white paper, the price of Bitcoin SV first rose 90 percent, then added some more, pushing Tron (TRX) out of its 11th position on CoinMarketCap.

Later on, BSV retreated a little, letting TRX return to its place. However, at press time, Bitcoin SV is again in 11th place. The asset is trading at $108.46, showing rise of over 70 percent. The coin’s rate keeps heading north.

CoinMarketCap
Source: CoinMarketCap.com

Yesterday, before the surge started, Bitcoin SV was sitting at around $60 per coin.

Must Read
Bitcoin SV Price Skyrockets 90 Percent After Craig Wright Copyrights Bitcoin White Paper - READ MORE

The BSV delistling effect eliminated

Earlier in 2019, when Craig Wright began to sue members of the crypto community who openly disagreed with his claims to be Satoshi and called him a fraud, several exchanges and wallets, including Binance, delisted BSV from trading.

Among the people who Wright started legal actions against were Twitter user Hodlonaut, Vitalik Buterin, Roger Ver and a few others.

A lot of community members back then eagerly supported the delisting of Bitcoin SV, hoping this would put an end to Craig Wright’s I-Am-Satoshi claims. After the delisting, the asset demonstrated a significant drop, which was compensated within hours when Craig Wright filed the registrations to the US Patent Office.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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