In the last day, Bitcoin Gold (BTG) has experienced a significant 112.87% increase in price, currently sitting at $24.74. This upward trend is occurring before BTG gets delisted from Upbit exchange in South Korea, which will take place on January 23rd, as previously announced by Upbit. This recent price hike may be a response to the announcement of BTG’s removal from the platform.
right now, the total value of the market stands at approximately $433.28 million, while its 24-hour trading activity reached an impressive $1.91 billion – representing a massive increase of around 2158.56% over the previous period.
Upbit explained that they decided to remove Bitcoin Gold from their platform due to several issues. These included questions about the coin’s transparency, its capacity to share crucial information about virtual assets, and uncertainties regarding its long-term business viability. This led them to categorize BTG as a “cautionary” asset, signifying it failed to meet the essential operational requirements.
Regardless of its impending delisting, Bitcoin Gold’s trading activity remains robust, with a significant increase in transactions attracting investor interest. This sudden rise in value is an interesting trend given that the cryptocurrency is about to cease trading on Upbit.
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2025-01-05 09:08