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- Bitcoin forks are flying ✈️
Bitcoin forks are flying ✈️
Bitcoin Cash and Bitcoin SV are surging, even as the parent coin is pulling back after touching a seven-month high.
📝 What you need to know
Bitcoin retraced Thursday from its local high above $87,000, but its forks are booming—Bitcoin Cash is up some 60% on the week, while Bitcoin SV is up 40% on the same time frame.
BCH’s price surge is likely tied to CME Group’s Monday announcement that it will launch Bitcoin Cash futures on October 19, pending regulatory review. BSV, which forked from the main chain in 2018, appears to be riding in its slipstream. The two are following a familiar pattern that’s previously seen Bitcoin forks outpace the parent coin in short bursts.
In another blast from the past, long-dormant Bitcoin wallets are reawakening, moving some $161 million in BTC over the past two weeks.
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