Bitcoin SV (BSV) Trading Up 7.9% Over Last Week

Bitcoin SV (BSV) traded 0.3% lower against the U.S. dollar during the 1 day period ending at 15:00 PM E.T. on May 8th. One Bitcoin SV coin can now be purchased for $64.04 or 0.00102907 BTC on cryptocurrency exchanges. Bitcoin SV has a market capitalization of $1.26 billion and approximately $45.46 million worth of Bitcoin SV was traded on exchanges in the last 24 hours. During the last seven days, Bitcoin SV has traded 7.9% higher against the U.S. dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 1.3% lower against the dollar and now trades at $62,230.77 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 3.8% lower against the dollar and now trades at $458.26 or 0.00736394 BTC.
• Arweave (AR) traded down 1.9% against the dollar and now trades at $37.58 or 0.00060389 BTC.
• eCash (XEC) traded down 3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 2.6% lower against the dollar and now trades at $0.19 or 0.00000309 BTC.

Bitcoin SV Coin Profile

Bitcoin SV (CRYPTO:BSV) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It launched on November 15th, 2018. Bitcoin SV’s total supply is 19,698,694 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 presently possible to purchase alternative cryptocurrencies such as Bitcoin SV directly using US dollars. Investors seeking to acquire Bitcoin SV should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly 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