Bitcoin SV Investors Reignite Legal Battle Against Binance

The ongoing dispute between #Bitcoin SV (BSV) holders and leading #cryptocurrency exchange Binance has entered a new phase as plaintiffs seek to revive their previously dismissed case.

In a renewed legal push, representatives for the BSV investor group have filed an appeal challenging the July 2024 ruling by the UK Competition Appeal Tribunal. The earlier decision had dismissed the investors' claims that Binance's 2019 delisting of Bitcoin SV inflicted significant harm on the asset's market performance and investor confidence.

The appeal, backed by new legal arguments and data, contends that the tribunal overlooked critical evidence demonstrating the broader economic ramifications of the delisting. According to court filings, the BSV coalition argues that Binance's action triggered a chain reaction in the crypto market, causing steep price declines and limiting trading opportunities for BSV holders.

Bitcoin SV, once a prominent fork of Bitcoin Cash, has struggled with market perception and liquidity since its removal from major exchanges. The investor group's latest legal maneuver aims to secure recognition of these challenges and potentially pave the way for compensation or regulatory scrutiny.

The case continues to be closely watched by crypto stakeholders and legal observers as it could set precedents for exchange accountability in token delistings.

Bitcoin and other altcoins rallied last week as trade risks eased following President Donald Trump’s praise of the talks between the U.S. and #china

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Bitcoin btc-0.5%Bitcoin cruised above $104,000 and is near the all-time high. Similarly, Ethereum eth-2.66%Ethereum ended its consolidation and short-squeezed from $1,800 to $2,500. Other altcoins also soared, bringing the total #market cap of all coins to over $3.2 trillion.

This article looks at the top three catalysts affecting Bitcoin and other altcoin prices this week.