Bitcoin Cash (BCH) and Bitcoin SV (BSV) increased by nearly 10 percent, increasing interest in derivative cryptocurrencies.
With Bitcoin (BTC) dropping to $26,570, a movement was observed in the altcoin market. Although increases of up to 10 percent were recorded in some altcoins, the majority remained slightly weaker. The inclusion of derivative cryptocurrencies in the list of the highest risers attracted particular attention. BCH ranked second with an increase of 10.39 percent in the last 24 hours, and BSV ranked fourth with an increase of 8.26 percent.
Bitcoin correlation revealed itself
BCH and BSV, which have been correlated with BTC since the beginning of 2023, although not effective in the past few years, have come to the fore again. BCH and BSV, which were among the coins that rose the most during BTC’s accelerated increases, attracted attention by showing a performance of nearly 10 percent.
BTC, which rose to $24,900 with the possibility of FTX triggering a new crisis, rose to $26,570 on the same day as things calmed down. BTC, which increased by 6.73 percent in total, became a driving force for its derivative cryptocurrencies, BCH and BSV. Considering that this correlation has been continuing for about 9 months, these cryptocurrencies can be taken into consideration in case of sharp movements of BTC.
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