By CCN: The holders of Bitcoin SV tokens looked like they were going to have a difficult time after correcting as much as 56-percent to the downside last week.

But the price rallied and produced up to 34.76-percent gains in a pump that began on Sunday at 1300 UTC. The asset’s recovery brought its net market capitalization close to $2.08 billion, noting almost a 100-percent growth in a week. Meanwhile, the BSV-to-dollar exchange rate too established a fresh intraday high at $121 on Huobi, up 28.2-percent on a 24-hour adjusted timeframe.

BITCOIN SV HAS SURGED UP TO 30-PERCENT IN LAST 24 HOURS | SOURCE: COINMARKETCAP.COM

The Bitcoin SV market hosted over $500 million worth of volume in the past 24 hours, trading maximally against the South Korean Won, Tether’s stablecoin USDT, and Bitcoin’s BTC. Multiple exchanges appeared to have higher BSV-enabled trading activities than others, especially Upbit, whose executives were indicted of wash trading in last December.

Fundamentals

The Bitcoin SV price rally accompanied a similar sentiment across the cryptocurrency board, especially the top ten index. Bitcoin, the world’s leading cryptocurrency, on Monday broke above a strict resistance zone near $8,000 to establish a fresh 2019 bitcoin price high at $8947.88.

Litecoin, the fifth largest in the same list, climbed 12.55-percent at the same time to settle its yearly peak. Other influential cryptocurrencies, such as Ethereum, XRP, Bitcoin Cash, and EOS, too noted winnings between 7- and 10-percent. Only Binance Coin was the weakest with its relatively lower but individually attractive intraday gain of 1.24-percent.

CRYPTOCURRENCY MARKET CAP SURGED $20 BILLION IN LAST 24 HOURS | SOURCE: COIN360

Read the full story on CCN.com.