Bitcoin Gold (BTG) Price Surges 112.87% Ahead of Delisting From South Korea’s Upbit Exchange

Bitcoin Gold (BTG) has seen a remarkable price surge of 112.87% in just 24 hours, with the current price standing at $24.74

Bitcoin Gold (BTG) price spiked by an incredible 112.87% in just 24 hours on January 22, reaching $24.74 ahead of its upcoming delisting from South Korea’s Upbit exchange.

The price surge came after Upbit announced that it will be removing BTG from its platform on January 23. Prior to the spike, BTG’s price was around $15.

However, during the early trading hours in the Asian market, the trading volume became highly volatile, with the Vol/Market Cap ratio reaching almost 450%. This massive buying pressure caused the price to shoot up astronomically, reaching $24.7 and marking a 112% surge.

At the time of writing, the market capitalization stood at $433.28 million, while the 24-hour trading volume amounted to a staggering $1.91 billion, indicating a remarkable increase of 2158.56%.

Upbit cited several concerns as the 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 led the exchange to classify BTG as a “warning” asset, indicating that it did not meet the necessary operational standards.

Despite the upcoming removal, Bitcoin Gold’s trading volume has remained high, and the recent price spike has attracted investor attention. This surge is a significant development as the token nears the end of its trading support on Upbit.

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