Bitcoin SV Trading 17.7% Lower This Week (BSV)

Bitcoin SV (BSV) traded 4.3% higher against the U.S. dollar during the twenty-four hour period ending at 12:00 PM Eastern on July 6th. One Bitcoin SV coin can now be bought for about $36.58 or 0.00063730 BTC on popular cryptocurrency exchanges. In the last week, Bitcoin SV has traded down 17.7% against the U.S. dollar. Bitcoin SV has a total market cap of $721.45 million and $30.11 million worth of Bitcoin SV was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded up 1.4% against the dollar and now trades at $57,391.27 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 2.9% higher against the dollar and now trades at $332.51 or 0.00579374 BTC.
• Arweave (AR) traded 2.5% higher against the dollar and now trades at $23.10 or 0.00040249 BTC.
• eCash (XEC) traded up 7.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 1.8% higher against the dollar and now trades at $0.0996 or 0.00000174 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 19,725,141 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 purchase alternative cryptocurrencies such as Bitcoin SV directly using US dollars. Investors seeking to trade Bitcoin SV should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. 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