Calvin Ayre calls Bitcoin's price surge an "exit pump"

12 May, 2019
by Richard Allen
Opinion
Calvin Ayre calls Bitcoin's price surge an exit pump

Bitcoin recently broke through the $7,000 mark, briefly going as high as $7,500. Despite dropping back to $7,000 levels, Bitcoin has set many new 2019 highs, bringing the rest of the market with it. Bitcoin SV proponent Calvin Ayre, however, has attributed this impressive performance to an “exit pump.”

Perhaps unsurprisingly, Ayre’s sentiment wasn’t shared by too many others in the crypto space:

The lack of developments coupled with Wright's decision to sue several prominent members of crypto Twitter has seen Bitcoin SV take a dive. Binance recently announced the delisting of the project following Craig Wright’s “bullying” of those who are struggling to shell out the cash needed to pay for the legal fees brought about by Wright’s lawsuits.

At the time of writing, Bitcoin SV is sitting in 14th position on CoinMarketCap ranked by market capitalization. Over the last 24 hours, BSV is down 3.73%, trading at $58.13. By way of comparison, Bitcoin is trading at $7,011.81, up 1.15%.

BSV/USD chart provided by Tradingview

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