The year 2020 began phenomenally for Bitcoin SV (BSV) as the hard fork of Bitcoin took a rocket to the Moon in the first three weeks of the year and gained 500%. But it all ended in a V-shaped reversal, exacerbated by the coronavirus crisis in March, after which the altcoin has completely lost its mojo, along with the top spot in global cryptocurrency rankings.
1-week BSV/USDT chart
And even though Bitcoin SV is still 63.74% in the green on the year-to-date timeframe, its overall performance is clearly underwhelming. The altcoin’s achievements in the past six months are limited to the recovery to $224 from this year’s bottom at $79, followed by the confinement in the perpetual range that stands between $152 and $224.