Bitcoin SV Rebounds with a 14% Jump in Price
Bitcoin SV (BSV), a well-known fork of Bitcoin, captured market attention today with an impressive 14% surge in price, reaching $21.4. After weeks of quiet trading, this sudden movement is being fueled by a combination of favorable U.S. regulatory sentiment, a surge in trading volume, and the ongoing rally of Bitcoin itself.
Regulatory Optimism Drives the Market
One of the primary catalysts for Bitcoin SV’s recovery is the introduction of a new bill in the United States. On January 5, 2026, Arizona State Senator Wendy Rogers proposed legislation, SB 1044, aimed at exempting virtual currencies from property taxes. If passed, this initiative could dramatically reduce the holding costs for cryptocurrency owners, potentially driving wider adoption. For Bitcoin SV, known for its focus on low-cost and high-speed transactions, such news bolsters its narrative as a practical digital currency and reinforces investor confidence in its long-term potential.
Surging Trading Volume Underscores Market Demand
Another noteworthy event is the dramatic increase in Bitcoin SV’s trading activity. Over the past 24 hours, trading volume skyrocketed by 460%, hitting $73 million. This significant uptick reflects renewed buying interest and growing momentum among investors.
Bitcoin’s Rally Lends Support
The broader cryptocurrency market sentiment received a boost from Bitcoin’s performance. With Bitcoin itself climbing 5% to reach $93,000, its price dynamics often influence related assets, including Bitcoin forks like Bitcoin SV. Historically, when Bitcoin rallies, speculative traders often rotate into smaller, higher-risk assets in search of faster short-term gains, further energizing altcoins like Bitcoin SV.
Technical Analysis and Price Levels to Watch
On the technical front, Bitcoin SV’s price recovery comes after bouncing off its support level at $17.5. However, the cryptocurrency faces resistance between $22 and $24, where selling pressure may return. A break above $26 in daily closing prices could signal a potential bullish breakout, setting sights on targets like $30 and even $43 if momentum sustains.
Your Crypto Adventure Starts Here
While Bitcoin SV is showing impressive short-term performance, it’s always crucial to make informed investment decisions. Using trusted platforms like Coinbase, you can trade cryptocurrencies securely and confidently. Stay updated with market news and take advantage of these growth opportunities in the crypto space.
Note: Cryptocurrency investment carries risk. Please do your own research or consult a financial professional before making any decisions.
