Bitcoin SV (BSV) Market Cap Hits $1.29 Billion

Bitcoin SV (BSV) traded 0.1% higher against the dollar during the twenty-four hour period ending at 12:00 PM Eastern on May 5th. One Bitcoin SV coin can now be purchased for approximately $65.46 or 0.00101733 BTC on popular cryptocurrency exchanges. During the last seven days, Bitcoin SV has traded down 2.8% against the dollar. 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 24 hours.

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

• Bitcoin (BTC) traded up 1.3% against the dollar and now trades at $64,342.02 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 1.1% higher 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 down 0.5% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Syscoin (SYS) traded up 1.1% against the dollar and now trades at $0.20 or 0.00000312 BTC.

Bitcoin SV Coin Profile

Bitcoin SV (BSV) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was November 15th, 2018. Bitcoin SV’s total supply is 19,697,303 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 possible to buy alternative cryptocurrencies such as Bitcoin SV directly using U.S. dollars. Investors seeking to trade Bitcoin SV should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. 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