#News NewsBitcoin SV (BSV) ripped by nearly 60% this week amid a new futures listing on top global crypto exchange Binance.The project, which forked from Bitcoin Cash (BCH) in late 2018, is trading at $54.02 at time of writing, up from $34.08 one week ago.The 43rd-ranked crypto asset by market cap is also up more than 27% in the past 24 hours alone.On Thursday, Binance announced it was rolling out a new “USD-M BSV Perpetual Contract.” The contract, which officially launched on Friday, offers up to 50x leverage and settles in top stablecoin Tether (USDT).Despite its price gains this week, BSV remains nearly 89% down from its all-time high of $490, which it hit in April 2021. The asset actually hit its all-time low of $21.43 this past June.Bitcoin SV, a peer-to-peer electronic cash system, claims to represent the true vision of Bitcoin’s (BTC) pseudonymous creator Satoshi Nakamoto.The project was created by the controversial Australian computer scientist Craig Wright, who claims to be Nakamoto himself – a claim the majority of the crypto community rejects.BSV’s blockchain aims to fix BTC and BCH’s efficiency problems by increasing block size significantly in order to reduce transaction fees.Bitcoin Cash spun off from Bitcoin in August 2017.Don't Miss a Beat –Subscribeto get email alerts delivered directly to your inbox

As Bitcoin's (BTC) daily trading volume soars above the $10 billion mark, pushing the price of Bitcoin, the world's largest cryptocurrency, into positive territory, the persistent question arises: has the bear market ended?Amidst this momentum, an intriguing development in the form of a surge in cryptocurrency mining stocks, with Hut 8 Mining leading the pack, further fuels optimism in the cryptocurrency sphere.This update dives into a comprehensive Bitcoin price prediction, considering these key market dynamics and exploring BTC's technical outlook.Skyrocketing Crypto Mining Stocks: Hut 8 Mining Takes LeadThe recent uptick in the cryptocurrency mining sector is being led by Hut 8 Mining, with their shares surging by 19.6% to reach a peak of $2.75 - a threefold increase since the start of the year.Similar growth is observed in other mining firms such as Bit Digital, Bitfarms, Marathon Digital Holdings, Cleanspark, and Riot Blockchain, as they, too, experience a rise in their stock prices.Over the past five days, the predominant cryptocurrency has increased by 7.2%. This upswing is likely contributing to the rally in mining stocks.The mining sector is thriving, creating attractive investment opportunities within the cryptocurrency market.The buoyant mining sector, accompanied by the surge in cryptocurrency mining stocks, including Hut 8 Mining, could positively impact Bitcoin's price.The intensified interest and success in mining signify a growing confidence in the cryptocurrency market, which may spur the continued ascent of Bitcoin's price.Bitcoin Price PredictionBitcoin is currently in a consolidation phase, experiencing a tug-of-war between the resistance level of $31,000 and the support level of $30,000.Leading technical indicators like the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), as seen in the daily timeframe, are in the overbought territory, which might suggest a pending downward correction for BTC.Despite this, fundamental solid factors are holding the potential bearish pull in check.From a technical standpoint, Bitcoin's most formidable barrier is around the $31,000 threshold.If Bitcoin can cross this barrier, the next potential target is at $32,500, and if this level is crossed, the subsequent milestone could be at $34,000.Conversely, if Bitcoin plunges below the $30,000 support, it might steer the cryptocurrency toward the 38.2% Fibonacci retracement level of $28,700 or even the 50% retracement level at $28,000.The 50-day exponential moving average could also present significant resistance to Bitcoin's downward trend around the $28,000 mark.In essence, the advisable approach is to wait for Bitcoin to make a decisive move out of the currently discussed tight range before proceeding with substantial trading actions.Top 15 Cryptocurrencies to Watch in 2023Stay informed about the latest initial coin offering (ICO) projects and alternative cryptocurrencies by regularly exploring our carefully selected collection of the top 15 digital assets to watch in 2023.This thoughtfully curated list has been compiled by industry experts from Industry Talk and Cryptonews, ensuring that you receive professional recommendations and valuable insights.Stay ahead of the game and discover the potential of these cryptocurrencies as you navigate the ever-changing world of dig$BTC ital assets.See the 15 Cryptocurrencies

Binance said it rebranded “Feed” to reflect its evolution from a content aggregator to a social platform with user-generated content. Registered users can create content and participate in discussions.The press release stated that Binance Square will also introduce unique monetization features that benefit both users and creators. Creators can be rewarded for their content contributions through a tipping option, users can earn incentives through crypto boxes, and there is also an affiliate commission program. In a statement, the firm stressed that Binance Square is committed to building a robust social platform that is geared for the future, and more monetization features and product enhancements are planned for release in the near future.“Binance Square has always been about building a community-first social platform, and today’s announcement is a step in the right direction. We have built an accessible and inclusive platform for knowledge sharing within the Web3 and crypto space, and are excited to have more people join us. Many people, including myself, are already on the platform to engage in some of the most important discussions in Web3,” Changpeng Zhao (CZ), CEO and Founder of Binance, stated. #square