{"id":573228,"date":"2024-02-04T11:00:11","date_gmt":"2024-02-04T11:00:11","guid":{"rendered":"https:\/\/uniquehot.com\/?p=573228"},"modified":"2024-02-04T06:41:39","modified_gmt":"2024-02-04T06:41:39","slug":"bitcoin-sv-bsv-price-dips-following-coinbase-delisting","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-sv\/bitcoin-sv-bsv-price-dips-following-coinbase-delisting\/","title":{"rendered":"Bitcoin SV (BSV) Price Dips Following Coinbase Delisting"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Bitcoin SV (BSV),\u00a0 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\u2019s price has taken a hit, falling by over 5% in the last 24 hours.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-set-for-positive-performance-in-q2-2024-coinbase-analysts\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Set For Positive Performance In Q2 2024: Coinbase Analysts<\/a><\/div>\n<h2><strong>Coinbase Ends Support For Bitcoin SV<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">In <a href=\"https:\/\/x.com\/CoinbaseAssets\/status\/73803728?s=20\" target=\"_blank\" rel=\"noopener nofollow\">an X post on February 3,<\/a> Coinbase shared that it had officially withdrawn support for BSV on its platform.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.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to Coinbase, all BSV remaining in customers&#8217; 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.<\/span><span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">As a reminder, any BSV funds in your Coinbase account have been liquidated and converted to the equivalent market value of another supported digital asset and credited back to your account, minus any transaction costs.<\/p>\n<p>\u2014 Coinbase Assets \ud83d\udee1\ufe0f\ud83d\udcde (@CoinbaseAssets) <a href=\"https:\/\/twitter.com\/CoinbaseAssets\/status\/30046217?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 3, 2024<\/a><span style=\"color: #333333\">\u00a0<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">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.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, the BSV blockchain network has been subject to multiple 51% attacks in the past due to its rather \u201ccentralized\u201d 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.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, the token\u2019s founder Craig Wright has continuously drawn criticism to himself for claiming to be the anonymous inventor of Bitcoin &#8211; Satoshi Nakamoto. <\/span><span style=\"font-weight: 400\">In 2022, Wright <a href=\"https:\/\/bitcoinist.com\/bitcoin-copyright-uk-craig-wright-pay-516k\/\" target=\"_blank\" rel=\"noopener nofollow\">filed to obtain the Bitcoin copyright<\/a> 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.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin-sv-bsv-erects-a-solid-64-growth-in-just-a-week-whats-the-story\/\" target=\"_blank\" rel=\"noopener \">Bitcoin SV (BSV) Erects A Solid 64% Growth In Just A Week \u2013 What\u2019s The Story?<\/a><\/div>\n<h2><strong>Bitcoin SV Price Overview\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">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 <a href=\"https:\/\/uniquehot.com\/news\/bitcoin-sv-bsv-ushers-in-2024-with-a-110-bang-details\/\" target=\"_blank\" rel=\"noopener \">in which it gained by almost 110% in the last week of the year,<\/a> the Bitcoin hardfork is now down by 15.20% in the last 30 days.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, the token\u2019s 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.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large\" src=\"https:\/\/www.tradingview.com\/x\/fvWY2YtQ\/\" alt=\"Bitcoin SV\" width=\"1479\" height=\"893\"><\/p>\n<pre style=\"text-align: center\">BSV trading at $72.03 on the daily chart| Source: <a href=\"https:\/\/www.tradingview.com\/chart\/xg17RJqK\/\" target=\"_blank\" rel=\"noopener nofollow\">BSVUSDT chart on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\"><em>Featured image from iStockphoto, chart from TradingView<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin SV (BSV),\u00a0 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\u2019s price has taken a hit, falling by over 5% in the last 24 hours. Related Reading: Bitcoin Set For Positive Performance In Q2 2024: Coinbase Analysts 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&#8217; 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.\u00a0 As a reminder, any BSV funds in your Coinbase account have been liquidated and converted to the equivalent market value of another supported digital asset and credited back to your account, minus any transaction costs. \u2014 Coinbase Assets \ud83d\udee1\ufe0f\ud83d\udcde (@CoinbaseAssets) February 3, 2024\u00a0 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.\u00a0 Notably, the BSV blockchain network has been subject to multiple 51% attacks in the past due to its rather \u201ccentralized\u201d 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.\u00a0 Furthermore, the token\u2019s founder Craig Wright has continuously drawn criticism to himself for claiming to be the anonymous inventor of Bitcoin &#8211; 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. Related Reading: Bitcoin SV (BSV) Erects A Solid 64% Growth In Just A Week \u2013 What\u2019s The Story? Bitcoin SV Price Overview\u00a0 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.\u00a0 Meanwhile, the token\u2019s 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<\/p>\n","protected":false},"author":581,"featured_media":558025,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83382],"tags":[16038,17063,79596,79598,1393,7560],"class_list":["post-573228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-sv","tag-bitcoin-sv","tag-bsv","tag-bsvusd","tag-bsvusdt","tag-coinbase","tag-craig-wright"],"acf":[],"yoast_head":"\n<title>Bitcoin SV (BSV) Price Dips Following Coinbase Delisting<\/title>\n<meta name=\"description\" content=\"Bitcoin SV has declined by 5.61% in the last day after top American exchange Coinbase announced its termination of support for the asset.\" \/>\n<meta name=\"robots\" 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While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. 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His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. 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