Music, hey everybody matt here with altcoin buzz happy hump day. Here we are yet again. The market is still soaring, led largely by the charge that we've seen out of Bitcoin sv we're gon na discuss how Bitcoin got back to eighty eight hundred dollars, seemingly in the blink of an eye related. Is this story on all coin buzz dot, IO, Craig Wright? Still has time to prove his point, ie that he is Satoshi Nakamoto were then talking directly about Bitcoin SV, which is blasted ahead of light point Heather and Bitcoin cash to suddenly over, and I become the fourth largest cryptocurrency from a couple of different angles here on Ccn comm between ESPYs ridiculous 100 rally has skeptics crying exit scam, at least some and then Deepika suggests that it seems like market is selling gold to buy Bitcoin. At least some people are on crypto, asleep calm. A former coinbase vice president says we've moved billions of dollars into Bitcoin, quote in large part because of plaid here on coin Gabe, calm, but coin, Forks like B CH and BS V should be celebrated, not feared. That'S, according to the EOS co founder and they'll, give you guys an update as to what electro neum is doing how it's brightening even more lives in the African space and the African continent. Don'T forget as well to stay tuned to the end of this video to learn about how you can participate in this upcoming Saturday's giveaway of a crypto tag.
Zeus, starter kit, but let's. First, take a look at the market here on Quinn market Capcom, 241 billion dollars total market cap. We have really shot up Bitcoin at the time of this recording so it's at eight thousand, seven hundred fifty seven dollars that's up 2.5 seven percent in the last 24 hours, but what has really stolen the show is Bitcoin sv currently up. Seventy eight point: seven seven percent in the last day that doesn't quite tell the entirety of the tale let's go to the view all feature here to take a look at the seven day gains and, as you can see, Bitcoin sv, which now sits at number. Four up two hundred twenty five point: seven percent in the last week, a more than tripling of its price over the span of seven days to where it now sits at three hundred seventy three dollars and forty four cents, but coin dominance, as you can imagine, is Down a little bit, these altcoins soaking up the incoming money entering this space dominance right now at 65.8, when speaker comm here suggests that the rise of bitcoin sv from about a hundred and fifty dollars per coin to nearly four hundred may also be connected with craig Wright'S promise to obtain the private keys from satoshis 1 million coins and publications like coins speaker convict coin. Cash has also received a bump up going from about two hundred sixty dollars right into the three hundred and thirty dollar levels, and that makes for a more competitive landscape.
As you know, both projects are Forks and both are aiming at speedy transaction confirmations and large blocks. On daily Hodel, calm here, bitcoin sv blasts ahead of late coin, tether and bitcoin cash to become suddenly the fourth largest cryptocurrency and believe it or not. It was actually as high as four hundred forty one dollars on tuesday. Just yesterday before plunging about a hundred dollars. The massive surge in value comes amid new developments in the lawsuit against craig right. The australian computer scientist and a self proclaimed creator of Bitcoin is one of the biggest supporters, of course, of BS V, which stands for Bitcoin Satoshi's vision, and he now says he can access a massive trove of bitcoin holdings, a judge in the United States by the Name of Beth Blum gave right until February 3rd to access about nine point. Two billion dollars worth of Bitcoin, which Wright said was locked in a quote: tulip trust an encrypted document that holds the keys to the Bitcoin that write and Klieman mined together right claimed a quote bonded courier, who possessed the keys that could unlock the encrypted tulip. Trust. Would arrive this month and on Tuesday, he filed a notice of compliance, stating that the third party had indeed provided him with the information he needed to unlock the file right also claims he has provided climb inside with a list of his Bitcoin holdings. If you'd like to dive further into the melodrama, that is the Craig Wright saga, we've got you covered over on altcoin buzzing, I Oh Craig Wright still has time to prove his point.
You can read Christopher's article here. In brief, these self proclaimed Satoshi Nakamoto won't have to pay a large amount of funds to IRA Klieman just yet, and while it is too early to celebrate, it seems like this has at least sparked some positive for those that find themselves squarely in the Craig Wright Camp, although it's more of kicking the can down the road than a victory, at least in my opinion, but nevertheless we're a little bit more interested in the numbers and in the market reaction right now. But if you'd like to take a look at this story, in particular we'll link to it in the description below here on CCN, calm, Bitcoin SVS, ridiculous 100 rally has skeptics crying exit, scam. The Bitcoin SV price went vertical in these last 24 hours as B as V proponent, Craig writes, claim he's got the keys to prove he created Bitcoin, as you can see, here's the chart where Bitcoin SV is really just taking off in a vertical direction, and there Are three main reasons that CCN attributes to this performance number one big news quote unquote for Bitcoin SV, the Bitcoin issed points to a January 11th promise of quote big bsv news from one of the crypto currencies, most visible proponents Calvin Ayer, who tweeted on that day. The true value follows utility big, be SV news, coming soon, no words yet on what the news is, but it appears his remark may have got blockchain speculators excited and it's the kind of space where just statements to that effect can have an impact number 2 Bitcoin Overtakes BampB coin – and this is the kind of thing where the performance of an asset or a project just by virtue of performing well, leads to even more performance.
So just before air dropped, his mysterious tweet there already was some big bsv news. The crypto overtook by Nance coin for total market capitalization to become the eighth most valuable blockchain in the world today, it's the fifth most capitalized and I think, as an update as we just saw as of right now. As of this recording it's at number four. So it's climbed, even higher and at number three, as we saw Bitcoin SV founder to prove he's Satoshi Nakamoto question mark it's, not to say that he can prove he's a Satoshi, Nakamoto it's just that these court proceedings got delayed somewhat and he's in a somewhat more Optimistic position, I guess you could say there's still much more to be seen here and many more developments to unfold, but nevertheless that's where we stand right now. It is a little bit of good news for the bsv world as with any success story, including one that is so punctuated in terms of overnight success, and this kind of moonshot skeptics are crying foul there, yelling pump and dump. I don't think it has anything to do with pump and dump. I just think it has a lot to do with mass hysteria and a bandwagon effect personally, but there you go if you got it at the right time into bsv, then congratulations and my personal opinion is that it's too late now to jump on the trend, because You'Re gon na be buying at high, not financial advice, but that is never good form.
But all this to say, I think the pump and dump criticisms are a little bit unwarranted and kind of silly here. In other news on altcoin buzz dot IO, it would seem like the market is selling gold to buy Bitcoin. Allow us to explain an unusual pattern identified on Bloomberg terminal charts article here by Deepika, a very peculiar gold and Bitcoin buying selling correlation was noticed by Sue shoe CEO of three arrows capital, Suzhou tweeted, a screenshot of his Bloomberg terminal tool. That was on the 13th of January, and it is evident that, while gold is being sold, more bitcoin is being bought, there's an inverse relationship here that is apparent to any by way of context. Gold recently hit the 1550 mark. This happened in the light of the US air strike on Iran, but as that tension eased, the price well diffused on top of it. Gold Bug Peter Schiff, whom we discussed yesterday, also stated that gold is climbing a quote wall of worry and the bubble will pop soon now. Mr. Xu's observation, while interesting, is hardly definitive. In fact, it only dates back to about the 10th of January or so and it's very short term. It is quite abrupt, but just because there's, a negative observation that's, never to say that a correlation is necessarily the reason, as stated here. Not every opposite direction means a negative correlation and, moreover, the volume of the two markets is very, very different: that's coming from investors who contend suju's theory.
Nevertheless, if you're interested in this kind of stuff, we're gon na play it out and see what happens over the long term, but you can always go back to this article Bitcoin vs. gold, which is the definitive comparison that we published back in June of last year. Still very relevant we'll also link to this next article on Quinn, Gabe comm, in the description below since we're talking about Bitcoin s V, which of course is a fork. Bitcoin Forks like Bitcoin cash and bsv should be celebrated not feared. That is, according to the EOS co founder and since we're running a little bit long here, we're not gon na dive into this, but check this out will link to it, as I mentioned in the description below, and you can get his take on this particular issue. Finally, for today, we're discussing as promised electro Neum, which is brightening even more lives article here by rachael electron IAM, is empowering girls and young women in africa and india. The wonder foundation, WUF and electro Neum are lending a helping hand to women and girls in Africa and India it's a partnership that's aiming to give these women a better shot at life and according to a blog post, electro neum is helping them get educated it's, also Facilitating a change of mindset, the wonder foundation fully believes that the first step is to stimulate a change in mindset in first world countries. People are worried about issues like getting a better car or a bigger house.
Living in poverty is quite different, however, as people only think about survival. The first step to making lasting impacts is to break this cycle of thought. Talking about electro Neum block rewards, then electro neum started working with WF about five months ago, following the launch of the proprietary moderated blockchain and accordingly, it started to issue block rewards to the n G. O WF expressed great pleasure in its partnership with the payment processor. Its director Carmen Gonzales recently visited electron eum's headquarters in Maidstone Kentucky and she spoke about how e TN block rewards are facilitating in Africa and India. Electro diem is making waves throughout the world, yet the company, isn't alone, several crypto exchanges have reached out one way or the other to the less privileged out there from Notre Dame donations and helping Australia pull through it's wildfire damage to helping the sick people are ready To help and to facilitate its charitable, giving electro name recently employed David bull, CBE, former UNICEF executive. You can read more about electro nians initiatives here on medium.com, Wonder Foundation and electro neum, helping empower girls and women with cryptocurrency that about wraps it up. For today, everybody do be sure you're following us on all the regular social media channels and be sure to check in to our website altcoin buzz dot IO for all the latest. Go ahead like subscribe, share and hit the bell to receive notifications that's the best way to stay up to speed with our content.
Don'T forget about our giveaway this Saturday we're giving away yet another crypto tag. Zeus starter kit to be in contention for that prize. Make sure you, like all videos between this upcoming giveaway and the last make sure you're subscribed to altcoin buzz on YouTube and make sure you comment really on as many videos as possible, because we're going to be selecting a comment at random best of luck. If you choose to invest on this hump day, have a great one and a fantastic midweek, and, as always, we hope to see you again soon in our next video take care Music,