{"id":635443,"date":"2025-08-15T01:00:51","date_gmt":"2025-08-15T01:00:51","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=635443"},"modified":"2025-08-14T15:30:11","modified_gmt":"2025-08-14T15:30:11","slug":"bitcoin-sv-makes-a-surprise-move-with-10-uptick-details","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/bitcoin-sv-makes-a-surprise-move-with-10-uptick-details\/","title":{"rendered":"Bitcoin SV Makes A Surprise Move With 10% Uptick &#8211; Details"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The market\u2019s bullishness has now spread to altcoins with Bitcoin SV capturing some of its momentum. According to <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin-sv\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\">, the token is up over 10% since last week, becoming one of the top gainers within this market environment.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/hodling-resurgence-374000-bitcoin-transfer-ignites-crypto-recovery\/\">HODLing Resurgence? 374,000 Bitcoin Transfer Ignites Crypto Recovery<\/a><\/div>\n<p><span style=\"font-weight: 400\">With private equity enjoying gains as well, the bullishness has leaked to the crypto market, turning the early August wipe into well-deserved upticks.\u00a0<\/span><\/p>\n<figure id=\"attachment_635445\" aria-describedby=\"caption-attachment-635445\" style=\"width: 638px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-635445 size-full\" src=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/a_d5f7c0.png?resize=638%2C299\" alt=\"\" width=\"638\" height=\"299\" srcset=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/a_d5f7c0.png?w=638 638w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/a_d5f7c0.png?w=460 460w\" sizes=\"(max-width: 638px) 100vw, 638px\"><figcaption id=\"caption-attachment-635445\" class=\"wp-caption-text\">BSV up in the last week. Source: Coingecko<\/figcaption><\/figure>\n<h2><span style=\"font-weight: 400\">Bitcoin SV On Good Price Range For A Breakout<\/span><\/h2>\n<p><span style=\"font-weight: 400\">As of writing, the token sits right in the middle of the $40-$46 price range which will be essential for the coming breakout. For the bulls, maintaining the current momentum of the token is vital in the long term. The market\u2019s <\/span><a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">continuous<\/span><\/a><span style=\"font-weight: 400\"> bullishness should be enough to prop up the bulls if exhaustion takes over.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-635454\" src=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/a_c800a8.png?resize=562%2C264\" alt=\"\" width=\"562\" height=\"264\" srcset=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/a_c800a8.png?w=562 562w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/a_c800a8.png?w=460 460w\" sizes=\"(max-width: 562px) 100vw, 562px\"><\/p>\n<p><span style=\"font-weight: 400\">However, the relative strength index (RSI) of the token reveals that the bulls and the bears are in a tight lock, indicating that BSV\u2019s momentum has slightly gone down. But with the general market in support of the bulls in the short term, the token has a shot at taking $62 in the long term if the momentum is consistent.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">But this also depends on the general outlook of the market. As G7 economies <\/span><a href=\"https:\/\/www.investing.com\/news\/economy-news\/uk-inflation-rose-to-22-in-july-3570517\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">experience<\/span><\/a><span style=\"font-weight: 400\"> slightly better economic conditions, the market will continue to be positive on the coming release of several economic indicators in the coming weeks.<\/span><\/p>\n<figure style=\"width: 2475px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/JUgMUGWR\/\" alt=\"\" width=\"2475\" height=\"1163\"><figcaption class=\"wp-caption-text\">BSVUSDT trading at $43.24 on the daily chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<h2><span style=\"font-weight: 400\">Market Hunkers Down As CPI Data Release Nears<\/span><\/h2>\n<p><span style=\"font-weight: 400\">As of writing, traders in traditional finance are still <\/span><a href=\"https:\/\/www.investing.com\/central-banks\/fed-rate-monitor\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">split<\/span><\/a><span style=\"font-weight: 400\"> between a 25 and 50 base point cut in the coming weeks. However, 51% of traders are still expecting a 50 bps cut once the consumer price data is released.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The CPI is one of the most crucial economic indicators that investors and traders are monitoring monthly. Last July, the CPI data <\/span><a href=\"https:\/\/www.investing.com\/economic-calendar\/cpi-69\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">showed<\/span><\/a><span style=\"font-weight: 400\"> a slight dip in CPI, indicating a slight dip in the purchasing power of the US dollar.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">With the release of the CPI data nearing, the general market enters a lockdown phase, gaining slight upticks in the short term to stabilize the price in a manageable price range. The <\/span><a href=\"https:\/\/www.investing.com\/indices\/us-spx-500\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">S&amp;P 500<\/span><\/a><span style=\"font-weight: 400\"> and the <\/span><a href=\"https:\/\/www.investing.com\/indices\/us-30\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Dow Jones<\/span><\/a><span style=\"font-weight: 400\"> are both up over a percent as the market gradually slows its momentum.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/helium-hnt-surges-48-heres-whats-fueling-the-rally\/\" target=\"_blank\" rel=\"noopener \">Helium (HNT) Surges 48% \u2014 Here\u2019s What\u2019s Fueling The Rally<\/a><\/div>\n<p><span style=\"font-weight: 400\">If the CPI data shows that inflation is dropping, the market\u2019s assumption of a rate cut will eventually come true. A drop in interest rate will not only be beneficial for TradFi but also for the crypto market as the latter\u2019s movement hinges on the movement of private equity.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, another dip in CPI might push the US Federal Reserve to maintain its interest rates which is currently 5.5% after the 8th Federal Open Market Committee last month. This scenario will see large outflows on both stocks and crypto, hurting long-term and short-term gains.\u00a0<\/span><\/p>\n<p><em>Featured image from Host Merchant Services, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The market\u2019s bullishness has now spread to altcoins with Bitcoin SV capturing some of its momentum. According to CoinGecko, the token is up over 10% since last week, becoming one of the top gainers within this market environment. Related Reading: HODLing Resurgence? 374,000 Bitcoin Transfer Ignites Crypto Recovery With private equity enjoying gains as well, the bullishness has leaked to the crypto market, turning the early August wipe into well-deserved upticks.\u00a0 Bitcoin SV On Good Price Range For A Breakout As of writing, the token sits right in the middle of the $40-$46 price range which will be essential for the coming breakout. For the bulls, maintaining the current momentum of the token is vital in the long term. The market\u2019s continuous bullishness should be enough to prop up the bulls if exhaustion takes over.\u00a0 However, the relative strength index (RSI) of the token reveals that the bulls and the bears are in a tight lock, indicating that BSV\u2019s momentum has slightly gone down. But with the general market in support of the bulls in the short term, the token has a shot at taking $62 in the long term if the momentum is consistent.\u00a0 But this also depends on the general outlook of the market. As G7 economies experience slightly better economic conditions, the market will continue to be positive on the coming release of several economic indicators in the coming weeks. Market Hunkers Down As CPI Data Release Nears As of writing, traders in traditional finance are still split between a 25 and 50 base point cut in the coming weeks. However, 51% of traders are still expecting a 50 bps cut once the consumer price data is released. The CPI is one of the most crucial economic indicators that investors and traders are monitoring monthly. Last July, the CPI data showed a slight dip in CPI, indicating a slight dip in the purchasing power of the US dollar.\u00a0 With the release of the CPI data nearing, the general market enters a lockdown phase, gaining slight upticks in the short term to stabilize the price in a manageable price range. The S&amp;P 500 and the Dow Jones are both up over a percent as the market gradually slows its momentum.\u00a0 Related Reading: Helium (HNT) Surges 48% \u2014 Here\u2019s What\u2019s Fueling The Rally If the CPI data shows that inflation is dropping, the market\u2019s assumption of a rate cut will eventually come true. A drop in interest rate will not only be beneficial for TradFi but also for the crypto market as the latter\u2019s movement hinges on the movement of private equity. However, another dip in CPI might push the US Federal Reserve to maintain its interest rates which is currently 5.5% after the 8th Federal Open Market Committee last month. This scenario will see large outflows on both stocks and crypto, hurting long-term and short-term gains.\u00a0 Featured image from Host Merchant Services, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":635451,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,16038,17063,6664],"class_list":["post-635443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-bitcoin-sv","tag-bsv","tag-crypto"],"acf":[],"yoast_head":"\n<title>Bitcoin SV Makes A Surprise Move With 10% Uptick - Details<\/title>\n<meta name=\"description\" content=\"The market\u2019s bullishness has now spread to altcoins with Bitcoin SV capturing some of its momentum. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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