Posted onFebruary 8, 2023
Bitcoin SV Reaches Market Capitalization of $800.36 Million (BSV)
Bitcoin SV (BSV) traded 2.2% lower against the US dollar during the one day period ending at 16:00 PM ET on February 9th. Bitcoin SV has a market capitalization of $800.36 million and approximately $49.11 million worth of Bitcoin SV was traded on exchanges in the last 24 hours. One Bitcoin SV coin can currently be bought for $41.54 or 0.00188181 BTC on cryptocurrency exchanges. Over the last seven days, Bitcoin SV has traded 4.6% lower against the US dollar.
Here’s how other cryptocurrencies have performed over the last 24 hours:
- Bitcoin (BTC) traded 3.6% lower against the dollar and now trades at $22,075.77 or 1.00000000 BTC.
- Bitcoin Cash (BCH) traded 1.8% lower against the dollar and now trades at $128.36 or 0.00581440 BTC.
- eCash (XEC) traded 4.7% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
- Arweave (AR) traded down 7.8% against the dollar and now trades at $10.74 or 0.00048654 BTC.
- Syscoin (SYS) traded down 8.1% against the dollar and now trades at $0.16 or 0.00000716 BTC.
About Bitcoin SV
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 19,266,077 coins. Bitcoin SV’s official Twitter account is @bitcoinassn and its Facebook page is accessible here. Bitcoin SV’s official website is bitcoinsv.com.
According to CryptoCompare, “Bitcoin SV (BSV) emerged following a hard fork of the Bitcoin Cash (BCH) blockchain in 2018, which had in turn forked from the BTC blockchain a year earlier.The goal of Bitcoin SV is to fulfill the original vision of the Bitcoin protocol and design as described in Satoshi Nakamoto’s white paper, early Bitcoin client software and known Satoshi writings. BSV aims to offer scalability and stability in line with the original description of Bitcoin as a peer-to-peer electronic cash system, as well as deliver a distributed data network that can support enterprise-level advanced blockchain applications.To this end, it has removed artificial block size limits and re-enabled Script commands and other technical capabilities which had been historically disabled or restricted by the protocol developers of the BTC blockchain. This allows the network to process tens of thousands of transactions per second while maintaining extremely low transaction fees for micropayments, in addition to offering advanced capabilities such as tokens, smart contracts, computation and other data use cases.The BSV network is unique in its capacity for unbounded on-chain scaling while also being more aligned with the original design of Bitcoin than any other blockchain.Alternative website: https://www.bitcoinsv.io/”
Buying and Selling Bitcoin SV
It is usually not currently possible to buy alternative cryptocurrencies such as Bitcoin SV directly using U.S. dollars. Investors seeking to acquire Bitcoin SV should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Bitcoin SV using one of the aforementioned exchanges.