Bitcoin SV (BSV-USD) Cryptocurrency is currently on bearish momentum by 24.29% in the last 7 days. At 12:40 EST on Wednesday, 23 June, Bitcoin SV (BSV-USD) is at $128.86.
Today’s last reported volume for Bitcoin SV is 704471703 which is 52.93% below its average volume of 1496623190.07.
All TIme High and Low
Bitcoin SV’s current value is at $128.86 which is 73.43% below its all time high of $489.75 at Friday, 16 April.
Bitcoin SV’s current value is at $128.86 which is 209.67% above its all time low of $489.75 at Friday, 23 November.
Market Cap and Supply
Bitcoin SV’s current market cap is at 2442080699
Bitcoin SV (BSV-USD) Range
Concerning Bitcoin SV’s daily highs and lows, it’s 16.17% up from its trailing 7 days low of $110.92 and 22.68% down from its trailing 7 days high of $166.66.
Bitcoin SV’s last week, last month’s, and last quarter’s current volatility was a negative 4.63%, a negative 0.86%, and a positive 6.39%, respectively.
Bitcoin SV’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 5.41% (last week), 4.88% (last month), and 6.39% (last quarter), respectively.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Bitcoin SV’s crypto is considered to be overbought (>=80).
News about Bitcoin
Bitcoin falls to two-week low as China cracks down on crypto. According to Bloomberg Quint on Monday, 21 June, “A Ya’an government official told at least one Bitcoin miner that the city has promised to root out all Bitcoin and Ether mining operations with a year, said a person with knowledge of the situation.”, “If, as I expect, the global buy-everything unwind continues this week, Bitcoin will feel those chill winds,” said Jeffrey Halley, senior market analyst at Oanda Asia Pacific Pte.”
Bitcoin drops below $30,000 for first time since January. According to Bloomberg Quint on Tuesday, 22 June, “Any meaningful break below $30,000 is going to make a lot of momentum players to throw in the towel,” said Matt Maley, chief market strategist for Miller Tabak + Co. “Therefore, even if Bitcoin is going to change the world over the long-term, it does not mean it cannot fall back into the teens over the short-term.”, “Still, Bitcoin had prior to Tuesday breached $30,000 during at least five separate instances this year but recuperated to trade above that level each time.”
Bitcoin drops as hashrate declines with China mining crackdown. According to Bloomberg Quint on Sunday, 20 June, “The hashrate in China is dropping significantly as Bitcoin mines are being closed, Jonathan Cheesman, head of over-the-counter and institutional sales at crypto-derivatives exchange FTX wrote in an email Saturday, citing reports on Twitter from handle @bigmagicdao.”, “According to a report in the Communist Party-backed Global Times, the closure of many Bitcoin mines in the province has resulted in more than 90% of China’s Bitcoin mining capacity being shuttered.”
Bitcoin rebounds to defy wipeout risk after break below $30,000. According to Bloomberg Quint on Wednesday, 23 June, “For the past month, Bitcoin has been trapped within a range of the mid-$30,000s, suggesting that the enthusiasm for digital assets is starting to fade.”, “The Bitcoin Fund listed on the Nasdaq Dubai exchange Wednesday, the first of its kind to trade in the Middle East. “
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