Bitcoin SV Achieves Market Cap of $515.81 Million (BSV)

Bitcoin SV (BSV) traded 12.9% lower against the US dollar during the twenty-four hour period ending at 7:00 AM Eastern on April 7th. One Bitcoin SV coin can currently be bought for about $25.99 or 0.00033766 BTC on cryptocurrency exchanges. Bitcoin SV has a total market capitalization of $515.81 million and approximately $80.42 million worth of Bitcoin SV was traded on exchanges in the last day. During the last week, Bitcoin SV has traded 16.8% lower against the US dollar.

Here’s how similar cryptocurrencies have performed during the last day:

• Arweave (AR) traded 10.5% lower against the dollar and now trades at $4.94 or 0.00006422 BTC.
• Bitcoin (BTC) traded down 6.9% against the dollar and now trades at $76,965.56 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 11.5% against the dollar and now trades at $259.98 or 0.00337789 BTC.
• eCash (XEC) traded 12.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 9.8% lower against the dollar and now trades at $0.0323 or 0.00000042 BTC.

Bitcoin SV Profile

BSV is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its genesis date was November 15th, 2018. Bitcoin SV’s total supply is 19,848,191 coins. Bitcoin SV’s official website is www.bsvblockchain.org. Bitcoin SV’s official Twitter account is @bsvblockchain and its Facebook page is accessible here.

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.”

Buying and Selling Bitcoin SV

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

BSV/USD price chart by TradingView