Bitcoin Holds Above $8,700, Bitcoin SV Price Spikes 63%

Investing, News | May 30, 2019 By:

The cryptocurrency markets are again in the green across the board today, with most of the top 15 coins showing significant gains.

The price of bitcoin has been able to hold steady above the $8,700 range after briefly dropping below the level during yesterday’s sessions. In early trading, the most popular coin is up 1.25% at around $8,746.

Among the top 15 cryptocurrencies, the one reporting the most notable growth is Bitcoin SV (BSV), which is up more than 63 percent over the last 24 hours. The price pump coincides with the spread of fake news that crypto exchange Binance may re-list the coin.

The fake news, posted by Chinese crypto news outlet Coinbull, which is allegedly operated by scammers, claims that “BSV founder Craig Wright transferred 50k BTC from the biggest BTC wallet to Binance, which confirmed he is the real Satoshi. As such CZ will re-list BSV and make an official apology on Twitter.”

“The trick is easy and constantly used by many scams – all Chinese crypto media circulate the breaking news via picture as above in WeChat instead of a news link,” said Primitive Ventures founding partner Dovey Wan. “So anybody can just use the same theme template and photoshop one.”