At the time of writing, Bitcoin SV is trading down over 20% trading at $57.91 USD. BSV has suffered significant losses since its seven-day highs of roughly $83.00. Also, it is currently trading low compared to its previous 1-month lows of $600.
The coin is currently holding the market cap value of $1,026,618,708 USD and $264,105,470 USD 24 -hour volume. And a circulating supply of 17,728,911 BSV.
Today’s price decrease, which occurred immediately after Erik Voorhees announced that they would be delisting Bitcoin SV, was basically a significant blow to the cryptocurrency and its investors.
After the recent delisting of bitcoin SV (BSV) from one of the top exchanges Binance, few more exchanges like ShapeShift has also decided to drop Bitcoin SV. Meanwhile Kraken is also considering to follow suit.
In the recent post on April 15, ShapeShift CEO Erik Voorhees revealed that the company came to a decision to stop listing BSV:
Additionally, White Rabbit BTC, a popular cryptocurrency trader on Twitter, spoke about the delisting, saying that he expects BSV to drop towards zero due to poor leadership and the Binance delisting.
Another exchange Kraken is also considering to delist Bitcoin SV (BSV)
Considering all the recent scenarios, Bitcoin SV also finds itself caught in what will likely turn into a downward spiral.