Bitcoin SV (BSV) Market Cap Hits $1.25 Billion

Bitcoin SV (BSV) traded 0.9% lower against the U.S. dollar during the twenty-four hour period ending at 0:00 AM E.T. on May 7th. Bitcoin SV has a market capitalization of $1.25 billion and $44.13 million worth of Bitcoin SV was traded on exchanges in the last day. In the last week, Bitcoin SV has traded 5.8% higher against the U.S. dollar. One Bitcoin SV coin can now be purchased for about $63.68 or 0.00101327 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded down 0.8% against the dollar and now trades at $62,848.81 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 0.6% against the dollar and now trades at $469.33 or 0.00746765 BTC.
• Arweave (AR) traded 9.2% lower against the dollar and now trades at $37.71 or 0.00059996 BTC.
• eCash (XEC) traded down 1.8% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 3.8% lower against the dollar and now trades at $0.19 or 0.00000304 BTC.

Bitcoin SV Coin Profile

Bitcoin SV (BSV) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on November 15th, 2018. Bitcoin SV’s total supply is 19,698,441 coins. Bitcoin SV’s official Twitter account is @bsvblockchain and its Facebook page is accessible here. Bitcoin SV’s official website is www.bsvblockchain.org.

According to CryptoCompare, “Bitcoin SV (BSV) is a cryptocurrency resulting from a 2018 hard fork of Bitcoin Cash (BCH) due to disagreements within its community. Led by Craig Wright and Calvin Ayre, BSV aims to restore Satoshi Nakamoto’s original vision and scale the blockchain for more transactions. Its focus includes stability, scalability (increased block size limit to 2 GB), security, and safe instant transactions. BSV has faced controversy, particularly due to Wright’s unproven claims of being Bitcoin’s creator. It is essential to research a project’s goals, technology, and community before investing or participating.”

Bitcoin SV Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Bitcoin SV directly using US dollars. Investors seeking to trade Bitcoin SV should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Bitcoin SV using one of the aforementioned exchanges.

BSV/USD price chart by TradingView