The price of Bitcoin SV (BSV)—an offshoot of the main Bitcoin chain—has fallen back to $128.09 after losing more than 4.3% in the last day. Further losses of just 2% could push BSV to its lowest value since October 25.
Despite rising significantly between July and October, Bitcoin SV has been unable to maintain that momentum in November and has been ranging between $127 and $140 for over a week. It continues to press down on that lower bound, threatening to take it to new lows this month.
As it stands, the wider cryptocurrency market is experiencing a similar negative trend, with most cryptocurrencies experiencing losses of between 1% and 3% in the last 24 hours. BSV is currently among the worst performers today.
However, Bitcoin SV is still up considerably over the last month, after it enjoyed a considerable boost when China President Xi Jinping made a speech about blockchian technology, which saw the entire market soar. BSV is also up 120% in the past six months—compared to 52% for Bitcoin (BTC).
But even though it has been outperforming Bitcoin in the long term—despite falling heavily today—it appears that fewer people are using it. According to data from Coin.dance, the number of daily BSV transactions has dropped by more than 50% since October 25. Perhaps those massive block sizes—designed for high numbers of transactions—won't be needed after all.
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Circle’s dynamite IPO this week wasn’t just impressive by crypto standards—it outperformed expectations to a degree unrivaled even by America’s most prominent tech companies.
The evening before its Thursday trading debut on the New York Stock Exchange, Circle priced its stock, CRCL, at $31 a share. That represented a mark-up from the lower share prices the firm floated earlier in the week: $26, and then $28. Such last-minute moves are generally indicative of increased investor interest in a comp...
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies.
This week: Gemini makes its own IPO move after Circle's explosive debut (and continued rise Friday), while Strategy boosts its Bitcoin buying power.
Twinsies!
Crypto exchange Gemini confirmed that it has filed to go public, within 24 hours of USDC issuer Circle making its euphoric debut on the New York Stock Exchange.
Rumors started making the rounds in February and March that Gemini, which has bee...
USDC issuer Circle, which made its whirlwind of a New York Stock Exchange debut yesterday, has already topped the high it set on Thursday.
Around 1pm ET on Friday, CRCL reached a high of $123.51—just 49 cents shy of fully quadrupling its IPO price. The stock is already trading 44% higher than its $83.23 close at a current price just shy of $120. It's a strong follow after the company tripled its $31 IPO price on its opening day.
As of this writing, the company has reached an intraday market cap...
