Share:

Over the past 24 hours, Bitcoin forks Bitcoin SV (BSV) and Bitcoin Gold (BTG) have been experiencing significant gains, drawing fresh attention from investors.

fxsoriginal

These coins have benefited from the enormous volatility in Bitcoin's price, stemming from the false reports that the SEC had approved a BlackRock BTC ETF.

Amid this renewed interest in Bitcoin derivatives, investors are also beginning to seek out novel opportunities to diversify their portfolios – with Bitcoin Minetrix (BTCMTX) emerging as an exciting option in this regard.

BSV price surges 15% as attention turns to Bitcoin forks

BSV, short for Bitcoin Satoshi Vision, has seen a price surge that has piqued the interest of the crypto community.

The coin emerged from a 2018 hard fork of Bitcoin Cash (BCH), aiming to better align with what its creators believed to be the true vision of Bitcoin’s mysterious founder, Satoshi Nakamoto.

Offering a larger block size compared to Bitcoin for faster transactions, BSV has carved out its own space within the market.

Chart

However, BSV hasn’t achieved the same success as some other Bitcoin derivatives and currently has a market cap of $761 million – making it the 47th largest cryptocurrency in the world.

Regardless, the BSV price has shot up by over 15% in the past day, driven by the attention surrounding Bitcoin.

At the time of writing, BSV is hovering around the $39.49 level and is approaching a critical resistance zone at $40.00.

BSV hasn’t traded comfortably above this zone since July – yet with the bullish momentum still ongoing, it appears likely that the coin could break this resistance in the near term.

Bitcoin Gold pumps 10% but faces resistance at 200-day EMA

Bitcoin Gold has also been pumping, with its price up over 10% from Monday’s low.

BTG was founded from a desire to democratize the crypto mining landscape, having forked from Bitcoin in October 2017.

Unlike its predecessor, Bitcoin Gold allows for mining via commonly available GPUs and aims to disrupt the concentration of mining power.

USD

However, Bitcoin Gold's reputation took a severe hit in 2018 after it was the target of a 51% hashing attack – something that continues to affect its reputation to this day.

While it has faced reputational hurdles, BTG's price now trades around $13.47 following yesterday's market volatility.

BTG trading volume is up a whopping 145% in the past 24 hours, with investors eager to get their hands on coins, hoping that price continues rising.

Although the bulls are still in control, BTG's price is fast approaching the 200-day Exponential Moving Average (EMA) on the daily time frame – an indicator that could pose as dynamic resistance as it has done in the past.

New BTC “stake-to-mine” token BTCMTX gains traction & hits $1.6m presale milestone

Amid the renewed interest in Bitcoin forks like BSV and BTG, a new Bitcoin derivative called Bitcoin Minetrix (BTCMTX) has emerged as an exciting opportunity for crypto investors.

Unlike older forks, Bitcoin Minetrix isn't a clone of Bitcoin's blockchain but instead aims to disrupt cloud mining by introducing a novel "Stake-to-Mine" model.

By staking BTCMTX tokens, users can earn mining credits and tap into the project’s hashrate, allowing everyday investors to get exposure to Bitcoin mining returns.

Chart

Also, stakers can earn additional BTCMTX rewards, with yields of 361% per year on offer.

These elements have helped Bitcoin Minetrix’s ongoing presale generate tremendous traction, raising over $1.6 million in under four weeks.

Investors can buy BTCMTX tokens through this presale for just $0.0111 – although this price is only available in Stage 2.

Chart

The buzz around Bitcoin Minetrix has spread onto social media, with the project’s official X (formerly Twitter) account now boasting an audience of almost 3,000 people.

Prominent figures in the influencer community are also taking note, like Joe Parys, who stated that BTCMTX has “big potential” once it makes its open market debut.

With innovative features and a clear vision for the future, Bitcoin Minetrix seems poised for success, much like the other top BTC derivatives amid the ongoing market momentum.


Visit Bitcoin Minetrix Presale


ETF News provides quality insights in the form of financial guides and video tutorials on buying and investing in stocks. We compare the top providers and provide detailed insight into their product offerings. We do not advise or recommend any provider but want to enable our readers to make informed decisions and trade on their own responsibility. Contracts for Difference (“CFDs”) are leveraged products and carry a significant risk of loss for your capital. Up to 67 % of retail investor accounts lose money trading with the brokers compared on this website. Please make sure you fully understand the risks and seek independent advice. By continuing to use this website, you agree to our Privacy Policy.

Join Telegram

Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content


Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended Content

Editors’ Picks

APE price nosedives nearly 9% while ApeCoin community votes on three active proposals

APE price nosedives nearly 9% while ApeCoin community votes on three active proposals

ApeCoin community is currently voting on three proposals to increase the adoption of the asset among market participants through higher engagement. APE’s recent token unlock and the active proposals could influence APE price in the coming weeks and months. 

More APE News

USDC stablecoin issuer Circle ends support on TRON due to compliance, risk management issues

USDC stablecoin issuer Circle ends support on TRON due to compliance, risk management issues

Circle announced plans to discontinue USDC on the TRON blockchain in a phased manner. USDC issuer will no longer mint the stablecoin on TRON, effective Wednesday. Circle stated that its decision is a part of risk management and USDC will remain safe with the change.

More Cryptocurrencies News

Uniswap launches v2 on Arbitrum, Polygon, Optimism, Base, Binance Smart Chain and Avalanche

Uniswap launches v2 on Arbitrum, Polygon, Optimism, Base, Binance Smart Chain and Avalanche

Uniswap v2 enables swaps on six chains and users can access it from a single interface. UNI price declined nearly 4% on Wednesday to $7.309. UNI price could revisit 2024’s peak at $7.972 as on-chain metrics support uptrend.

More Cryptocurrencies News

Ripple CEO criticizes SEC says regulator has lost lawsuits consistently; XRP price holds firm above $0.55

Ripple CEO criticizes SEC says regulator has lost lawsuits consistently; XRP price holds firm above $0.55

Ripple CEO Brad Garlingouse commented on the SEC v. Ripple lawsuit and a potential XRP ETF. The payment remittance firm recently acquired Standard Custody to venture into the crypto custodian business. 

More Ripple News

Bitcoin: BTC eyes $60,000 but correction looms

Bitcoin: BTC eyes $60,000 but correction looms

BTC has been moving up only since January 22 but could slip into a consolidation before the next leg up. With the rate at which BTC is climbing after the ETF approval, coupled with strong fundamentals, investors should consider buying the dips before BTC hits $60,000.

Read full analysis

BTC

ETH

XRP