Bitcoin SV (BSV) Hits Market Capitalization of $632.84 Million

Bitcoin SV (BSV) traded down 2% against the U.S. dollar during the 24-hour period ending at 14:00 PM ET on March 10th. One Bitcoin SV coin can now be bought for about $31.90 or 0.00040730 BTC on popular cryptocurrency exchanges. Bitcoin SV has a total market cap of $632.84 million and $60.66 million worth of Bitcoin SV was traded on exchanges in the last day. Over the last seven days, Bitcoin SV has traded 11.6% lower against the U.S. dollar.

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

• Arweave (AR) traded down 10.9% against the dollar and now trades at $5.75 or 0.00007336 BTC.
• Bitcoin (BTC) traded down 5.1% against the dollar and now trades at $78,330.01 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 4.8% against the dollar and now trades at $346.45 or 0.00442293 BTC.
• eCash (XEC) traded down 1.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded down 3.3% against the dollar and now trades at $0.0425 or 0.00000054 BTC.

Bitcoin SV Profile

Bitcoin SV (CRYPTO: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 19,835,762 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 US dollars. Investors seeking to trade Bitcoin SV should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Bitcoin SV using one of the exchanges listed above.

BSV/USD price chart by TradingView