Bitcoin Gold (BTG) has seen a remarkable price surge of 112.87% in just 24 hours, with the current price standing at $24.74, ahead of its upcoming delisting from South Korea’s Upbit exchange. This price boost follows Upbit’s announcement that it will remove BTG from its platform on January 23.
Prior to the spike, BTG’s price was roughly $15. However, in the early trading hours of the Asian market, trading volume became volatile, and the Vol/Market Cap ratio reached almost 450%. With this sudden buying pressure, the price surged astronomically, going up to $24.7, marking a 112% rise.
The market capitalization is currently valued at $433.28 million, and the 24-hour trading volume values at $1.91 billion, surging a staggering 2158.56%.
Upbit cited several concerns as reasons for the delisting, including issues with Bitcoin Gold’s transparency, its ability to disclose important information regarding virtual assets, and doubts about its business sustainability. These concerns made the exchange classify BTG as a “warning” asset, indicating it did not meet the necessary operational standards.
Despite the upcoming removal, Bitcoin Gold’s trading volume has been high, and the recent price spike has attracted investor attention. This surge is a notable development as the token nears the end of its trading support on Upbit.
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