Bitcoin Gold (BTG) Volume Jumps 25,000%, Here Are Reasons

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BTC forks surge in popularity as Bitcoin Gold ($BTG) volume spikes 25,000% BTG BitcoinGold Blockchain Cryptocurrency

, a hard fork of Bitcoin, is seeing a massive 25,000% spike in trading volume as attention shifts to Bitcoin hard forks., $307,487,088 worth of Bitcoin Gold has been traded in the last 24 hours, contributing to an immense spike in trading volume.

At the time of writing, BTG was up 40.63% in the last 24 hours to $20.98. The token has gained a whopping 13% in the last hour and 56.51% in the past seven days. The exact reason for the sudden spike in Bitcoin Gold remains unknown, as a scroll through its Twitter account feed suggests no announcement or upgrade that might have triggered the rise.Meanwhile, there are speculations that the rally might have stemmed from renewed interest in smaller tokens." tweeted about the rise:"Bitcoin Gold surges 37% in 24 hours, hitting $19—its highest single-day gain since July 2022.

Bitcoin adoption continues to climb as the Number of Addresses with a Non-Zero Balance reaches a new ATH of 47.9 million addresses, Glassnode reported in a new tweet.

 

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