decrypt.co
04 March 2024 19:15, UTC
Bitcoin has smashed through $65,000, continuing its race to the moon, and the fast-rising tide is lifting all boats: BTC offshoots like Bitcoin Cash ($BCH) and Bitcoin Satoshi’s Vision ($BSV) are surging.
Bitcoin
Bitcoin is rapidly closing in on its all-time high of $69,000. The number one cryptocurrency is trading at $66,413 at time of writing, up 5.7% in the last 24 hours.
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Bitcoin Forks
Several cryptocurrencies have forked from the Bitcoin blockchain, and two of the forks most closely associated with their storied progenitor are BCS and $BSV.
Bitcoin Cash ($BCH) is trading at $443.82, down 5.56% for the last 24 hours but up 63.94% for the last seven days, outpacing Bitcoin’s 24.35% seven-day gains.
In comparison, Bitcoin SV ($BSV) is trading at $117.75, up 7.55% for the last 24 hours, and like Bitcoin Cash, it is outpacing Bitcoin with 49.85% seven-day gains.
BRC-20 Tokens
BRC-20 tokens—best known for spawning Bitcoin Ordinals inscriptions—are also rallying, with the top three tokens by market capitalization seeing strong weekly appreciation.
Introduced in March of last year by a pseudonymous developer named Domo, the BRC-20 protocol leverages the capabilities unlocked by Bitcoin's Taproot upgrade in November 2021. This upgrade blended Bitcoin's robustness with Ethereum's tokenization efficiency.
Currently, Ordi (ORDI) is trading at $83.34 per token, up 3.25% in the last 24 hours and 25% for the week, according to CoinMarketCap.
SATS (1000SATS) is trading at $0.0007112, up 11.87% in the last 24 hours and 47.92% for the last seven days.
Finally, Multibit (MUBI) is trading at $0.17, up 10.60% for the last 24 hours, up 18.09% for the week.
Edited by Ryan Ozawa.
