Bitcoin Gold (BTG) has seen a remarkable 112.87% price surge in just 24 hours ahead of its scheduled delisting from South Korea’s Upbit exchange.
Significant Price Increase
The current price of Bitcoin Gold stands at $24.74, representing a significant increase ahead of its delisting from Upbit on January 23. The market capitalization is valued at $433.28 million, with a 24-hour trading volume surging to $1.91 billion, increasing by 2158.56%.
Reasons for BTG Delisting
Upbit cited several issues such as transparency problems, insufficient disclosure of important information regarding virtual assets, and doubts about business sustainability as reasons for delisting Bitcoin Gold. These concerns led the exchange to classify BTG as a 'warning' asset, indicating it did not meet necessary operational standards.
Market Reaction
Despite the upcoming removal, Bitcoin Gold's trading volume remains high, and the recent price spike has drawn investor attention. This surge marks a notable development as the token nears the end of its trading support on Upbit.
Bitcoin Gold's rise in price ahead of Upbit's delisting has generated significant attention despite the outlined issues and concerns by the exchange.
