Bitcoin SV Hits Market Capitalization of $1.29 Billion (BSV)

Bitcoin SV (BSV) traded up 0.1% against the U.S. dollar during the twenty-four hour period ending at 12:00 PM Eastern on May 5th. Bitcoin SV has a total market cap of $1.29 billion and approximately $40.22 million worth of Bitcoin SV was traded on exchanges in the last day. In the last seven days, Bitcoin SV has traded down 2.8% against the U.S. dollar. One Bitcoin SV coin can now be purchased for approximately $65.46 or 0.00101733 BTC on popular cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 1.3% higher against the dollar and now trades at $64,342.02 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 1.1% against the dollar and now trades at $469.37 or 0.00729486 BTC.
• Arweave (AR) traded up 12.3% against the dollar and now trades at $40.02 or 0.00062193 BTC.
• eCash (XEC) traded 0.5% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded 1.1% higher against the dollar and now trades at $0.20 or 0.00000312 BTC.

Bitcoin SV Profile

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 19,697,303 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.”

Buying and Selling Bitcoin SV

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

BSV/USD price chart by TradingView