As Bitcoin (BTC) nears the $100,000 mark, its bullish momentum is propelling its hard forks—Bitcoin Cash (BCH), Bitcoin SV (BSV), and Bitcoin Gold (BTG)—to new heights. The cryptocurrency market is closely watching as Bitcoin pushes toward a market capitalization surpassing $2 trillion.
On Thursday, Bitcoin surged past $97,000, bringing it within striking distance of its historic $100,000 milestone. This upward trajectory has not only ignited renewed excitement for Bitcoin but has also boosted the value of its counterparts. Bitcoin SV (BSV) saw an 11.8% jump in the last 24 hours, reaching $76.24. Its market capitalization now stands at $1.51 billion, with trading volumes soaring nearly 100% to $130.92 million.
Bitcoin Cash (BCH) led the pack, experiencing a notable 17.7% surge, bringing its price to $518.52. With a market cap of $10.26 billion, BCH’s 24-hour trading volume has surged by 160%, reaching $1.18 billion.
Bitcoin Gold (BTG) also enjoyed a significant rally, climbing 15.8% to $36.89. Its market capitalization increased to $646 million, with trading volume spiking by a staggering 772%, reaching $103.07 million.
The rally comes amid heightened market optimism following a Republican victory earlier this month, sparking renewed investor confidence in the cryptocurrency market. As Bitcoin approaches its next major milestone, it seems poised to carry its hard forks along for the ride, with market participants eager to see if the $100,000 mark will cement Bitcoin’s status in the market.
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