BSV
Bitcoin SV
Market cap$343M
Updated - ago
Bitcoin SV (BSV) declined 1.21% over the past 24 hours to $17.113 amid a broader macro-driven risk-off liquidation cascade affecting digital assets.1 Trading activity remained subdued with thin volume of $181k and open interest of $645k,2 reflecting quiet market conditions without any major asset-specific catalysts.1
Bitcoin SV (BSV) is a cryptocurrency that originated from a hard fork of Bitcoin Cash in November 2018. It operates as a standalone blockchain network with its own independent protocol and mining ecosystem. The primary use case of BSV is to function as a peer-to-peer electronic cash system, though with different technical parameters and philosophical direction than its predecessors. A key distinguishing feature of BSV is its focus on massive on-chain scaling, with significantly increased block size limits to enable higher transaction throughput and lower fees. The network employs the same proof-of-work consensus mechanism as Bitcoin but with modifications intended to restore what proponents describe as the original Bitcoin design philosophy. BSV is notable within the cryptocurrency landscape for its contentious history, strong community division, and positioning as an alternative interpretation of blockchain scalability compared to Bitcoin and Bitcoin Cash, though it remains a smaller cryptocurrency by market capitalization compared to major digital assets.