Bitcoin SV Market Capitalization Tops $720.58 Million (BSV)

Bitcoin SV (BSV) traded down 7.8% against the U.S. dollar during the 1-day period ending at 14:00 PM Eastern on August 5th. Bitcoin SV has a total market capitalization of $720.58 million and $56.95 million worth of Bitcoin SV was traded on exchanges in the last 24 hours. One Bitcoin SV coin can currently be purchased for about $36.51 or 0.00066995 BTC on popular exchanges. During the last week, Bitcoin SV has traded 29.5% lower against the U.S. dollar.

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

• Bitcoin (BTC) traded down 8.4% against the dollar and now trades at $54,443.65 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 7.2% against the dollar and now trades at $309.46 or 0.00567918 BTC.
• Arweave (AR) traded 1.9% lower against the dollar and now trades at $20.30 or 0.00037252 BTC.
• eCash (XEC) traded 5.9% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 10.1% lower against the dollar and now trades at $0.0661 or 0.00000121 BTC.

Bitcoin SV Coin 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 19,738,578 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.”

Bitcoin SV Coin Trading

It is usually not 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 Gemini, Coinbase or Changelly. 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