Bitcoin Gold

Gold

Bitcoin

<div class="cryptonews"> 
 <p class="is-style-lead">Bitcoin Gold (BTG), a cryptocurrency infamous for being one of the select few that fell victim to a 51% attack, has been aggressively rising over the last few days.</p> 
 <p>Bitcoin Gold went from $13.38 on July 30 to $21.41 today, July 31 — a 60% rise in one day, CoinMarketCap data shows.</p> 
 <p>While the increase in price is notable on its own, the increase in volume has also drawn a lot of attention. The volume went from about one million when the price was about to start increasing on July 30 to $347 million on July 31 — a 34,600% increase.</p> 
 <p>Despite the sharp value increase, Bitcoin Gold’s current price of $19.08 is still a far cry from its all-time high of nearly $500 reached in 2017. The current price is over 95% lower than its record price.</p> 
 <p>Bitcoin Gold has never fully recovered after its fell victim to a successful 51% attack and a double spend. It was largely inactive even before the attack, with the GitHub repository of its official client lying mostly dormant since 2019.</p> 
 <figure class="wp-block-image size-full is-resized"> 
  <img decoding="async" loading="lazy" src="https://cdn.thebittimes.com/images/2023/08/01/3849f7ec782382a7f19c57b7b174a0fa.webp" alt="Bitcoin Gold client contributions chart" class="wp-image-14182062" width="798" height="431"> 
  <figcaption class="wp-element-caption">
    Bitcoin Gold client contributions chart 
  </figcaption> 
 </figure> 
 <h2 class="wp-block-heading" id="why-the-sudden-price-increase">Why the sudden price increase?</h2> 
 <p>There is no clear reason for the sudden rise in Bitcoin Gold’s price, with the most likely culprit being pure speculation. BTG is currently trading over its resistance at $19.05, and its support is at $13.25 — which provides a possible technical explanation for a trader’s rise in interest in this coin.</p> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div>

Bitcoin Gold (BTG) gains 60% in one day

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TheBitTimes

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