The Bitcoin Cash sister Bitcoin SV had an impressive rally on Thursday, but found resistance. This prevented it from staying on the 10th spot in the top 10 cryptocurrencies. For a brief moment, it surpassed Binance Coin, however Bitcoin SV retraced to the 11th position and currently has a market cap of around $1.1 billion.
Bitcoin SV has been trapped inside a downward spiral. The spiral probably won’t be broken soon, as traders are likely to invest within the channel. This may change, however. The only explanation for the rally is that Exodus – a crypto wallet service – announced that it will add Bitcoin SV support.