Bitcoin Gold (BTG) has seen a significant decline, 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 cryptocurrency is currently valued at $0.41 per coin, equivalent to 0.00000441 BTC, on major exchanges. This downturn brings Bitcoin Gold’s total market capitalization to $7.18 million, with approximately $28,880 worth of Bitcoin Gold traded in the last day.
The past week has been particularly challenging for Bitcoin Gold, as it has experienced a staggering decline of 50% against the U.S. dollar. In comparison, other cryptocurrencies have shown varied performance during the same period. For instance, Zcash (ZEC) has increased by 2.5%, now trading at $336.21 or 0.00361503 BTC. Conversely, Horizen (ZEN) fell by 5.1%, trading at $9.20 or 0.00009891 BTC, while Pirate Chain (ARRR) increased by 8.4% to $0.27 or 0.00000295 BTC. ZClassic (ZCL) surged by 21.9% to $0.50, while Komodo (KMD) saw a decrease of 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. The total supply of Bitcoin Gold is capped at 17,513,924 coins. For more information, investors can visit the official Bitcoin Gold website at btgofficial.org. Additionally, the community can engage through the official message board at forum.bitcoingold.org, and the currency’s presence on social media platforms like Twitter under the handle @bitcoingold and Facebook.
How to Buy and Sell Bitcoin Gold
Investors looking to acquire Bitcoin Gold typically cannot purchase it directly using U.S. dollars. Instead, they are advised to first buy Bitcoin or Ethereum through exchanges that accept U.S. dollars, such as GDAX, Gemini, or Changelly. Subsequently, they can utilize their newly purchased Bitcoin or Ethereum to obtain Bitcoin Gold on the same platforms.
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