As was somewhat to be expected, the vast majority of cryptocurrency markets have turned pretty bearish once again. This is the direct result of Bitcoin losing value again, which usually causes major problems for alternative markets. So far, it seems as if the Bitcoin SV price is getting hit the hardest, as its valued dropped well below $60 rather quickly.

Bitcoin SV Downtrend Grows Rather Steep

Ever since its inception, Bitcoin SV has caused a fair bit of controversy in quick succession. It is widely considered to be a “shitcoin” by the community, although that hasn’t prevented the project from seeing some minor successes along the way. However, it would appear most of that positive momentum has come to an end, as there is a genuine “DelistSV” campaign occurring in the industry as a whole.

This has caused a massive Bitcoin SV price collapse, which is only to be expected. More specifically, there is a 22% loss in USD value, as one BSV is now priced at just $56.28. There is also a 20.65% loss in BSV/BTC, as the…

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Source: https://themerkle.com/bitcoin-sv-price-onslaught-continues-as-market-cap-drops-below-1bn/