The price of Bitcoin SV has increased by more than 100%, what is the reason for the increase?

While Bitcoin holders celebrated the asset's 8% rise with a high of $8,880, other cryptocurrenciesthere was also something to please their investors.

The most notable was BSV, which managedsurpass BCH in the cryptocurrency ranking, displacing its competitor to fifth place. During the day, BSV gained more than 150%, rising to $350. The growth may be due to growing hype surrounding the project's main proponent, Dr. Craig Wright, an Australian programmer who claims to be Satoshi Nakamoto. For some time, the coin even managed to rise above $430.

Congrats on this, seriously. pic.twitter.com/OwgxaBL1bH

— eric.eth (@econoar) January 14, 2020

So, last night a document appeared on the Internet,related to a case in the Southern District of Florida. It relates to the ongoing legal battle between Ira Kleiman, brother of the late Dave Kleiman, and Wright.

The document was published on the basis of Wright’s claims that he allegedly owns hundreds of thousands of BTC mined in the early days of the network. To unlock them, just do not have enough private key.

Analysts are now questioningthe legitimacy of the data, since Wright and his team have no confirmation of this information. CryptoISO, a trader, jokingly hinted on Twitter that it was this news that pushed BSV higher.

So people are forging court documents now to pump coins?

— CryptoISO (@crypto_iso) January 14, 2020

Although there appears to be a clear correlation betweenthe spread of the document on Twitter and the latest price increase for BSV. At the same time, this growth is unlikely to last long, since the rally is more likely to be based on emotions rather than rational actions.