Bitcoin SV Market Cap Hits $421.70 Million (BSV)

Bitcoin SV (BSV) traded 5.5% higher against the U.S. dollar during the 24-hour period ending at 11:00 AM ET on December 3rd. One Bitcoin SV coin can currently be purchased for $21.13 or 0.00022721 BTC on cryptocurrency exchanges. Bitcoin SV has a total market cap of $421.70 million and $33.77 million worth of Bitcoin SV was traded on exchanges in the last 24 hours. Over the last seven days, Bitcoin SV has traded 1.5% higher against the U.S. dollar.

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

• Arweave (AR) traded up 10.6% against the dollar and now trades at $4.39 or 0.00004724 BTC.
• Bitcoin (BTC) traded up 1.8% against the dollar and now trades at $93,004.32 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 10.8% higher against the dollar and now trades at $587.39 or 0.00631577 BTC.
• eCash (XEC) traded 5.7% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Syscoin (SYS) traded up 8% against the dollar and now trades at $0.0214 or 0.00000023 BTC.

Bitcoin SV Profile

BSV is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its genesis date was November 15th, 2018. Bitcoin SV’s total supply is 19,955,703 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) 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 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 GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Bitcoin SV using one of the exchanges listed above.

BSV/USD price chart by TradingView