Bitcoin Gold (BTG) experienced a significant downturn, trading down by 14.1% against the U.S. dollar in the 24-hour period ending at 09:00 AM ET on December 3, 2023. The current price of one Bitcoin Gold coin is $0.41, equating to 0.00000441 BTC. Following this decline, Bitcoin Gold’s total market capitalization now stands at $7.18 million, with approximately $28.88 thousand worth of the coin traded over the last day.
This latest drop marks a troubling week for Bitcoin Gold, which has seen its value plummet by 50% against the U.S. dollar. The cryptocurrency’s struggles come amidst fluctuations in the broader cryptocurrency market. For comparison, other cryptocurrencies have shown varied performance in recent days.
Zcash (ZEC) saw a modest increase, trading up by 2.5%, now priced at $336.21 or 0.00361503 BTC. In contrast, Horizen (ZEN) declined by 5.1%, with a current rate of $9.20 or 0.00009891 BTC. Meanwhile, Pirate Chain (ARRR) rose by 8.4%, now at $0.27 or 0.00000295 BTC, and ZClassic (ZCL) surged by 21.9%, trading at $0.50 or 0.00000538 BTC. Komodo (KMD), on the other hand, fell by 26.7%, now priced at $0.0281 or 0.00000030 BTC.
Understanding Bitcoin Gold
Launched on October 25, 2017, Bitcoin Gold is a proof-of-work (PoW) cryptocurrency that utilizes the Equihash hashing algorithm. It has a total supply of 17,513,924 coins. For those interested in more information, Bitcoin Gold maintains an official website at btgofficial.org, along with a community forum at forum.bitcoingold.org and a dedicated Reddit community at reddit.com/r/bitcoingoldhq. The currency’s Github account also provides technical insights, and updates can be followed through its official Twitter account, @bitcoingold, and Facebook page.
How to Buy and Sell Bitcoin Gold
Acquiring Bitcoin Gold typically requires purchasing another cryptocurrency first. Investors looking to acquire BTG generally need to buy Bitcoin or Ethereum through exchanges that accept U.S. dollars, such as GDAX, Gemini, or Changelly. Once they have Bitcoin or Ethereum, they can then convert these assets into Bitcoin Gold on the aforementioned exchanges.
As the cryptocurrency market remains volatile, staying informed about current trends and fluctuations is essential for investors. For daily updates on Bitcoin Gold and related cryptocurrencies, interested individuals can subscribe to MarketBeat.com’s FREE CryptoBeat newsletter.
