Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BITCOIN NEWS»Bitcoin SV (BSV) price falls due to Coinbase delisting
BITCOIN NEWS

Bitcoin SV (BSV) price falls due to Coinbase delisting

By Crypto FlexsFebruary 4, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin SV (BSV) price falls due to Coinbase delisting
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin SV (BSV), a hard fork of the Bitcoin token, attracted a lot of attention in its final days after top US exchange Coinbase announced the end of support for the asset. Following this news, the price of BSV took a huge hit, falling more than 5% in the last 24 hours.

Coinbase Ends Bitcoin SV Support

In an X post on February 3, Coinbase stated that it had officially withdrawn support for BSV from its platform.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

According to Coinbase, any BSV remaining in customer wallets was liquidated and replaced with the equivalent market value of another asset. However, the exchange states that some wallets may not receive their reward assets due to transaction costs associated with the liquidation and replacement process.

Please note that all BSV funds in your Coinbase account have been liquidated, converted to the equivalent market value of other supported digital assets, and credited back to your account, minus transaction costs.

— Coinbase Assets 🛡️📞 (@CoinbaseAssets) February 3, 2024

Currently, Coinbase has not given an official reason for its decision to remove BSV from its coin offering. However, it is worth noting that Bitcoin SV has been a somewhat controversial asset since its creation in 2018.

In particular, the BSV blockchain network has suffered several 51% attacks in the past due to its somewhat “centralized” structure, which is a concern for many exchanges. Besides Coinbase, other top exchanges that have delisted Bitcoin SV include Binance, Kraken, Bittrex, and Robinhood.

Moreover, the token’s founder, Craig Wright, has repeatedly drawn criticism against himself by claiming to be Satoshi Nakamoto, the anonymous Bitcoin inventor. In 2022, Wright filed a lawsuit seeking to acquire Bitcoin copyright and block the operation of the Bitcoin network and Bitcoin Cash, alleging intellectual property infringement. However, the court ruled that there was sufficient evidence against the plaintiff and dismissed the motion.

Bitcoin SV Price Overview

At the time of writing, BSV is trading at $72.65, down 5.61% in the last day, but up 0.10% on the weekly chart. Despite an impressive end-2023 rally of nearly 110% in the last week of the year, the Bitcoin hard fork is currently down 15.20% over the past 30 days.

Meanwhile, the token’s daily trading volume is hardly positive, increasing by 7.54% to reach a value of $90.39 million. With a total market capitalization of $1.43 billion, Bitcoin SV is the 52nd largest cryptocurrency in the world.

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

Featured image by iStockphoto, chart by TradingView

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Coinbase adds a pancake swap to Roadmap to Surges for BNB Chain Dex to record $ 173,000,000 in monthly.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025
Most Popular

Bloomberg analysts have significantly lowered the likelihood of Ethereum ETF approval in May to 30%.

March 11, 2024

LBank sponsors and participates in CoinDesk’s 2024 Agreement.

June 1, 2024

Cryptocurrency Analyst: Internet Computer (ICP) and MPEPE (MPEPE) Heading for 300% Rally

September 13, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.