Bitcoin Gold (BTG) just pulled off a jaw-dropping 112.87% rally in 24 hours, now sitting pretty at $24.74. This comes hot on the heels of South Korea’s Upbit exchange announcing plans to delist BTG by January 23.
Before the surge, BTG was chilling around $15. But as the Asian markets opened, trading volume exploded, with the Vol/Market Cap ratio shooting up to a wild 450%. The intense buying spree sent BTG soaring to $24.7, catching major attention with its unexpected spike.
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Market cap? Sitting at $433.28 million. Trading volume? An insane $1.91 billion in 24 hours—a 2158.56% increase.
Upbit pointed to transparency issues, lack of info disclosure, and doubts about BTG’s business future as reasons for its removal. The exchange flagged BTG as a “warning” asset, saying it doesn’t meet their operational standards.
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Still, the crazy trading action and price jump suggest BTG’s not going quietly. With this surge, the token’s making waves even as its Upbit era comes to a close.