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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.