Bitcoin SV Trading Down 16.8% This Week (BSV)

Bitcoin SV (BSV) traded down 12.9% against the U.S. dollar during the twenty-four hour period ending at 7:00 AM E.T. on April 7th. Bitcoin SV has a market capitalization of $515.81 million and approximately $80.42 million worth of Bitcoin SV was traded on exchanges in the last day. One Bitcoin SV coin can now be purchased for approximately $25.99 or 0.00033766 BTC on exchanges. In the last seven days, Bitcoin SV has traded 16.8% lower against the U.S. dollar.

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

• Arweave (AR) traded 10.5% lower against the dollar and now trades at $4.94 or 0.00006422 BTC.
• Bitcoin (BTC) traded down 6.9% against the dollar and now trades at $76,965.56 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 11.5% lower against the dollar and now trades at $259.98 or 0.00337789 BTC.
• eCash (XEC) traded down 12.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded 9.8% lower against the dollar and now trades at $0.0323 or 0.00000042 BTC.

Bitcoin SV Coin Profile

Bitcoin SV (CRYPTO: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 19,848,191 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 currently possible to purchase alternative cryptocurrencies such as Bitcoin SV directly using US dollars. Investors seeking to trade Bitcoin SV should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly 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