Bitcoin SV (BSV) Reaches Market Cap of $1.01 Billion

Bitcoin SV (BSV) traded 0.6% higher against the US dollar during the 1-day period ending at 11:00 AM ET on October 31st. Over the last week, Bitcoin SV has traded 7.3% higher against the US dollar. One Bitcoin SV coin can currently be purchased for approximately $51.12 or 0.00072341 BTC on cryptocurrency exchanges. Bitcoin SV has a market capitalization of $1.01 billion and approximately $74.56 million worth of Bitcoin SV was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 2.4% lower against the dollar and now trades at $70,633.29 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 2.8% lower against the dollar and now trades at $363.35 or 0.00514164 BTC.
• Arweave (AR) traded down 6.2% against the dollar and now trades at $15.77 or 0.00022315 BTC.
• eCash (XEC) traded 1.7% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 5.6% against the dollar and now trades at $0.0983 or 0.00000139 BTC.

Bitcoin SV Profile

Bitcoin SV (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 19,777,534 coins. Bitcoin SV’s official Twitter account is @bsvblockchain and its Facebook page is accessible here. The official website for Bitcoin SV 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 possible to purchase alternative cryptocurrencies such as Bitcoin SV directly using U.S. dollars. Investors seeking to trade Bitcoin SV should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Bitcoin SV using one of the exchanges listed above.

BSV/USD price chart by TradingView