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Tag: BSV

  • Bitcoin SV (BSV) Price Dips Following Coinbase Delisting

    Bitcoin SV (BSV) Price Dips Following Coinbase Delisting

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    Bitcoin SV (BSV),  a hardfork of the Bitcoin token, has drawn much attention in the last day after top American exchange Coinbase announced its termination of support for the asset. Following this news, BSV’s price has taken a hit, falling by over 5% in the last 24 hours.

    Coinbase Ends Support For Bitcoin SV

    In an X post on February 3, Coinbase shared that it had officially withdrawn support for BSV on its platform. This announcement follows a previous post in December when the exchange first communicated its intentions to delist BSV.

    According to Coinbase, all BSV remaining in customers’ wallets have been liquidated and replaced with the equivalent market value of another asset. However, the exchange states that certain wallets may not receive any compensation assets due to the transaction costs associated with the liquidation and replacement process. 

    As of now, Coinbase has provided no official reason behind its decision to remove BSV from its coin offerings. However, it is worth noting that Bitcoin SV has been a rather controversial asset since its creation in 2018. 

    Notably, the BSV blockchain network has been subject to multiple 51% attacks in the past due to its rather “centralized” structure, which serves as a source of concern to many exchanges. Aside from Coinbase, other top exchanges that have delisted Bitcoin SV include Binance, Kraken, Bittrex, Robinhood, etc. 

    Furthermore, the token’s founder Craig Wright has continuously drawn criticism to himself for claiming to be the anonymous inventor of Bitcoin – Satoshi Nakamoto. In 2022, Wright filed to obtain the Bitcoin copyright and block the operations of the Bitcoin network and Bitcoin Cash claiming a violation of intellectual property. However, the court rejected this petition in the face of surmountable evidence against the plaintiff.

    Bitcoin SV Price Overview 

    At the time of writing, BSV trades at $72.65 with a 5.61% price loss on the last day but a 0.10% gain on the weekly chart. Despite an impressive end to 2023 in which it gained by almost 110% in the last week of the year, the Bitcoin hardfork is now down by 15.20% in the last 30 days. 

    Meanwhile, the token’s daily trading volume is barely positive, having gained by 7.54% to attain a value of $90.39 million. With a total market cap of $1.43 billion, Bitcoin SV ranks as the 52nd largest cryptocurrency in the world.

    BSV trading at $72.03 on the daily chart| Source: BSVUSDT chart on Tradingview.com

    Featured image from iStockphoto, chart from TradingView

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.



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    Semilore Faleti

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  • Bitcoin SV (BSV) Ushers In 2024 With A 110% Bang – Details

    Bitcoin SV (BSV) Ushers In 2024 With A 110% Bang – Details

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    The hard fork token from Bitcoin, known as Bitcoin SV, continues to rise and has crossed $100 for the first time since February 2022.

    The price spike, which is noteworthy for having increased by almost 110% in just one week, is mostly attributable to increased trading activity and interest in the South Korean market.

    Upbit Spurs Bitcoin SV Surge: Insights

    Upbit, the biggest cryptocurrency exchange in South Korea, has been the center of this increased interest in BSV. On New Year’s Day, Upbit registered a significant $275 million in BSV trading activity.

    With a total trading volume of $753.5 million, this trading frenzy has driven Bitcoin SV’s market cap to $1.7 billion.

    The trend is not exclusive to Upbit, as the trading volume of the token on OKX has also significantly increased, surpassing $47.5 million. In the past 24 hours, BSV’s trading activity has surged by more than 300%.

    By trading volume, Bithumb, a significant regional exchange, ranks among the top three as well. Notably, throughout the past 24 hours, Upbit and Bithumb have accounted for around 70% of BSV’s total trading volume.

    As of this writing, Coingecko statistics indicates that BSV was trading at $102.87, up 7.3% and 109.1% over the previous day and week, respectively.

    BSV seven-day price action. Source: Coingecko

    Positive indicators including a bullish Relative Strength Index and a Moving Average Convergence Divergence, together with a trading volume rise of more than 40%, back the surge.

    The RSI is moving north while in the overbought area, suggesting a bullish future trajectory for the price of BSV. While the price of Bitcoin SV appears to be accelerating, the MACD is likewise in the green zone, indicating purchasing pressure on the cryptocurrency.

    The Bitcoin fork stands out as one of the top cryptocurrency gainers, and although encountering resistance around the $115 level, BSV’s performance follows a wider pattern of erratic moves in the crypto market.

    BSV market cap currently at $1.9 billion. Chart: TradingView.com

    Bitcoin SV’s Rise Amid Regulatory Moves

    In an effort to transform Bitcoin SV into an enterprise-level blockchain and peer-to-peer payment system, proponents highlight the platform’s scalability, reliability, and security. The recent surge in Bitcoin and the likelihood of the SEC approving a spot ETF are driving interest in BSV.

    Meanwhile, to counteract illicit behavior, South Korea recently established a regulatory framework for cryptocurrencies. In a significant move toward regulation, the nation mandated on December 28 that public servants register their cryptocurrency holdings. Controlled domains offer security, which may have drawn investors to these developments.

    Although there remains resistance in the vicinity of $115, BSV has outperformed the overall market and is now a top gainer. Depending on how investors respond to its distinct value proposition and how the larger crypto scene develops, the market’s trend may continue or slow down. Watch BSV closely as it forges ahead in the dynamic digital asset market.

    Featured image from Shutterstock

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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    Christian Encila

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  • Bitcoin SV (BSV) Erects A Solid 64% Growth In Just A Week – What’s The Story?

    Bitcoin SV (BSV) Erects A Solid 64% Growth In Just A Week – What’s The Story?

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    Following its inclusion in Binance’s futures trading options, one of the top global cryptocurrency exchanges, Bitcoin SV (BSV) saw a significant 64% gain in value this week. After splitting out from Bitcoin Cash (BCH) in late 2018, BSV is now trading at $54.02, a significant increase from $34.08 just a week earlier.

    On Saturday, BSV reached a significant peak of over $58 on prominent spot markets. The last instance in which BSV was observed trading above $58 occurred in mid-September 2022. Since its notable surge on September 27th, the price of the crypto has experienced a substantial increase of more than 90%.

    The price of Bitcoin SV reached an all-time high of $491.64 during the previous bull run. However, the market crashed, sending the coin tumbling more than 95%. Following rumors of the adoption of a Bitcoin ETF, the price of BSV has begun to move bullishly and is currently trading at an 89.19% discount to its previous ATH.

    BSV price rally in the last week. Source: Coingecko

    Bitrue, a widely used centralized exchange platform, has recently included BSV in its USDT pair and initiated a promotional campaign offering a $1,000 welcome bonus. This exchange is notably favored by the XRP and Ripple communities.

    Bitcoin SV: Reclaiming Satoshi’s Vision With Larger Blocks

    Bitcoin SV (BSV), designed as a peer-to-peer electronic cash system, asserts that it embodies the original vision of Bitcoin’s creator, Satoshi Nakamoto, despite the controversial claim made by its creator, Australian computer scientist Craig Wright, who many in the crypto community dispute.

    BSV seeks to address the efficiency issues seen in Bitcoin (BTC) and Bitcoin Cash (BCH) by substantially increasing block size to minimize transaction fees.

    In the beginning of the year, BSV coin was trading in the range of $39.50 to $44.75 until March, after which it saw a decline and traded between $34.90 and $39.40 until May. This was followed by relatively minor fluctuations before another drop, where the price ranged from $29 to $34.90.

    BSV market cap at $1.07 billion on the weekly chart: TradingView.com

    In June, BSV reached an all-time low, but later gained momentum, surging and subsequently facing rejection around $56.47, resulting in a 50% drop. The coin then traded between $34.93 and $39.54 for a period, followed by another decline.

    BSV Price Surge Tied To SEC ETF Speculation, Intra-Community Disputes

    A sudden increase in the value of Bitcoin SV (BSV) has occurred recently, and some analysts have linked it to the possibility that the U.S. SEC may approve a spot Bitcoin ETF. Given the current disputes within the BSV community—Christen Ager-Hanssen, a well-known BSV supporter, resigned as CEO of nChain due to a disagreement with BSV leader Craig Wright—this demonstration is significant.

    In summary, the future trajectory of the BSV price is contingent upon the successful breach of the significant resistance level at $56.48 by bullish market forces. This breakthrough has the potential to entice fresh investors and then challenge the higher barrier level at $61.99.

    (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

    Featured image from The Cryptonomist

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    Yuna Rin

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  • Sandy Spring Bank Decreases Stake in Vanguard Short-Term Bond ETF (NYSEARCA:BSV)

    Sandy Spring Bank Decreases Stake in Vanguard Short-Term Bond ETF (NYSEARCA:BSV)

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    Sandy Spring Bank cut its holdings in Vanguard Short-Term Bond ETF (NYSEARCA:BSV – Get Rating) by 38.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,532 shares of the company’s stock after selling 964 shares during the quarter. Sandy Spring Bank’s holdings in Vanguard Short-Term Bond ETF were worth $115,000 as of its most recent SEC filing.

    A number of other institutional investors have also recently modified their holdings of BSV. Truvestments Capital LLC purchased a new stake in shares of Vanguard Short-Term Bond ETF in the second quarter valued at approximately $33,000. Hexagon Capital Partners LLC purchased a new stake in shares of Vanguard Short-Term Bond ETF in the third quarter valued at approximately $34,000. Horizons Wealth Management purchased a new stake in Vanguard Short-Term Bond ETF during the second quarter worth $36,000. High Net Worth Advisory Group LLC boosted its position in Vanguard Short-Term Bond ETF by 61.3% during the third quarter. High Net Worth Advisory Group LLC now owns 500 shares of the company’s stock worth $37,000 after purchasing an additional 190 shares in the last quarter. Finally, City State Bank boosted its position in Vanguard Short-Term Bond ETF by 218.0% during the third quarter. City State Bank now owns 547 shares of the company’s stock worth $41,000 after purchasing an additional 375 shares in the last quarter.

    Vanguard Short-Term Bond ETF Trading Down 0.0 %

    BSV opened at $76.32 on Friday. The business’s fifty day moving average is $75.55 and its two-hundred day moving average is $75.73. Vanguard Short-Term Bond ETF has a one year low of $74.03 and a one year high of $80.36.

    About Vanguard Short-Term Bond ETF

    (Get Rating)

    Vanguard Short-Term Bond ETF (the Fund) seeks to track the performance of a market-weighted bond index with a short-term, dollar-weighted average maturity. The Fund employs a passive management or indexing strategy designed to track the performance of the Barclays Capital U.S. 1-5 Year Government/Credit Bond Index (the Index).

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    Want to see what other hedge funds are holding BSV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vanguard Short-Term Bond ETF (NYSEARCA:BSV – Get Rating).

    Institutional Ownership by Quarter for Vanguard Short-Term Bond ETF (NYSEARCA:BSV)

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    ABMN Staff

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