Bitcoin Satoshi’s Vision (BSV) has surged over 100% today, creating a fresh all-time high at above $400. The price increase was steady throughout the entire day, and it followed news that Craig Wright has reportedly received the keys for the popular Tulip Trust.
Saying that today was a good day for Bitcoin SV’s price would be an understatement. Over the past 24 hours, the cryptocurrency has surged by more than 100%, and it has managed to create a fresh all-time high at $412.99.
However, BSV has since retraced and, at the time of this writing, is trading at around $300, charting an increase of about 85%.
BSV is now the 5th largest cryptocurrency by means of total market capitalization. It managed to unseat Tether and Litecoin on the move.
The entire market is in the green today, as Bitcoin led the initial march. It’s trading at around $8,560, charting an increase of about 5.6% on the day. Litecoin, Ethereum, Ripple, Bitcoin Cash, EOS, and all of the top 20 cryptocurrencies are in the green as the total market capitalization increased to $231 billion.
The surge in Bitcoin SV’s price followed news that Craig Wright, who is one of the cryptocurrency’s most prominent proponents, has received the keys to the landmark Tulip Trust.
“Keys have arrived.”
“Real?”
“Yep”
That’s what we needed to get this thing to $200. 👍 pic.twitter.com/dUHbS7smKx
— Arthur van Pelt – Dragon Industries (@MyLegacyKit) January 13, 2020
The spreading rumor that Wright has managed to receive a part of the private keys which will unlock the original cache of upwards of a million Bitcoin appears to have catalyzed the sudden move up.
As Cryptopotato reported at the end of last year, Wright was supposed to receive the private keys for 1 million BTC on January 1st, delivered to him by a bonded courier. He was ordered to deliver half of the mined bitcoins, worth around $4 billion, and argued that the coins were locked and help in a Tulip Trust.
It’s unclear whether or not the rumors of him receiving the private keys are true, but it seems as if it had an impact on Bitcoin SV’s price.
