Bitcoin SV (BSV) Reaches Market Capitalization of $796.73 Million

Bitcoin SV (BSV) traded down 5.6% against the U.S. dollar during the 1-day period ending at 12:00 PM E.T. on August 4th. Bitcoin SV has a market cap of $796.73 million and $29.33 million worth of Bitcoin SV was traded on exchanges in the last day. Over the last seven days, Bitcoin SV has traded down 10.2% against the U.S. dollar. One Bitcoin SV coin can currently be bought for approximately $40.36 or 0.00068510 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded down 2.6% against the dollar and now trades at $58,897.44 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 5.2% lower against the dollar and now trades at $347.10 or 0.00589127 BTC.
• Arweave (AR) traded down 10.1% against the dollar and now trades at $20.88 or 0.00035443 BTC.
• eCash (XEC) traded 6.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 8.5% lower against the dollar and now trades at $0.0762 or 0.00000129 BTC.

Bitcoin SV Coin Profile

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 19,738,131 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.”

Buying and Selling Bitcoin SV

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 Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Bitcoin SV using one of the aforementioned exchanges.

BSV/USD price chart by TradingView