Bitcoin SV and Chainlink surge, has crypto altseason arrived?


Crypto asset markets are back in the green today and altcoins are leading the pack. Two, in particular, have made double-digit gains over the past 24 hours, which may indicate more bullishness for altcoins as markets recover.

Since this time yesterday, around US$5 billion [AU$8 billion] has reentered crypto markets, taking total capitalization back to US$210 billion [AU$338] once again.

Since the beginning of April, markets have gained around 17% according to, and altcoins appear to be leading the charge as Bitcoin continues to consolidate.

Today’s two top performers are Bitcoin SV and Chainlink. BSV has made an impressive 12% in 24 hours, which has lifted its market cap above $4 billion as it accelerates away from Litecoin.

A halving in less than a day appears to be driving momentum for this Bitcoin offshoot, as its price tops $220 for the first time in over a month.

Bitcoin Cash, which has already been through the halving event, has only gained a couple of percent as it was widely regarded as non-performer due to week on-chain metrics.

Chainlink is also skyrocketing at the moment, with LINK notching up 15% on the day as it flips LEO and Stellar to take the 11th spot, with a market cap of $1.1 billion.

Green is the dominant color today, but most altcoins are only gaining a couple of percent.

Martin Young

Martin has been writing on technology for 15 years, he has a keen eye for emerging cryptocurrency news, blockchain developments, and market sentiment.

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Martin Young

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