Bitcoin SV Trading 2.2% Lower Over Last Week (BSV)

Bitcoin SV (BSV) traded up 2.4% against the dollar during the 24 hour period ending at 14:00 PM Eastern on January 21st. One Bitcoin SV coin can now be bought for approximately $53.75 or 0.00050268 BTC on major cryptocurrency exchanges. Bitcoin SV has a total market cap of $1.07 billion and approximately $76.11 million worth of Bitcoin SV was traded on exchanges in the last day. In the last seven days, Bitcoin SV has traded down 2.2% against the dollar.

Here is how related cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded up 2.5% against the dollar and now trades at $106,937.80 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 2.9% higher against the dollar and now trades at $451.15 or 0.00421884 BTC.
• Arweave (AR) traded up 3.8% against the dollar and now trades at $15.46 or 0.00014454 BTC.
• eCash (XEC) traded 3.4% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 4.6% against the dollar and now trades at $0.0995 or 0.00000093 BTC.

Bitcoin SV Coin Profile

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 19,814,322 coins. The official website for Bitcoin SV 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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Bitcoin SV using one of the aforementioned exchanges.

BSV/USD price chart by TradingView