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The cryptocurrency market is currently experiencing a significant upswing, with several digital assets displaying notable increases in their 24-hour trading performance.
This trend is headlined by Filecoin (FIL) and Bitcoin SV (BSV), a Bitcoin fork, yet extends to a range of other cryptocurrencies.
The top-performing cryptocurrencies
In the last 24 hours, FIL has witnessed a 12% increase, topping the list of the best-performing cryptocurrencies in the top 100. It is followed by BSV, which has experienced a 9.6% price increase over the last 24 hours.
Other cryptocurrencies have also seen noteworthy upticks: Tokenize Xchange (TKX) is up by 8.4%, while WEMIX has grown by 7.3%. The Graph (GRT) is attracting attention with a 7.1% rise.
Maker (MKR) and Fantom (FTM) are also part of this upward trend, each adding roughly 5%.
Additionally, Tezos (XTZ) and Kava (KAVA) have recorded increases of 4.5% and 3.7%, respectively.
The South Korean influence on BSV's surge
Echoing last week's trends, South Korean traders are once again behind the BSV rally.
This repeated pattern of influence is mainly concentrated on Upbit, South Korea's largest cryptocurrency exchange. Bithumb, another major local exchange, is also in the top 3 by trading volume. Notably, these two exchanges account for nearly 70% of the cryptocurrency's total trading volume over the last 24 hours.
Despite this spike, it's essential to note that Bitcoin SV is still down 78.51% from its all-time high.