Bitcoin Satoshi Vision (BSV) Cryptocurrency Increased by 100% During One Trading Session: Reasons

Today, May 30, Bitcoin Satoshi Vision (BSV) cryptocurrency showed a staggering increase of +100%. In less than a day, the coin rose from $120 to its maximum – about $240.

Source: coinmarketcap.com

This boom was not supported by fundamental or technical market indicators. The growth was rather driven by the spread of fake news in the community. Dovey Wan was the first to point at it. She published on Twitter a picture of fake news in Chinese.

The news said that Craig Wright transferred 50 thousand BTC from one of Satoshi Nakamoto’s wallets to Binance, thereby confirming that he is the Satoshi. In turn, Chanpeng Zhao promised to re-list the BSV and make an apology to Twitter.

This information turned out to be false, but many believed without going into details.

The beginning of growth was recorded on May 29 at about 12:00 UTC and the news itself appeared at about 10:00 UTC. Consequently, the timing also justifies the fact of the influence of fake information.

We want to remind you:

Craig Wright may Get Copyrights for Bitcoin

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