Bitcoin Gold (BTG) Price Down 20.5% This Week

Bitcoin Gold (BTG) traded 3.2% lower against the US dollar during the 24 hour period ending at 10:00 AM E.T. on February 6th. During the last seven days, Bitcoin Gold has traded 20.5% lower against the US dollar. One Bitcoin Gold coin can now be bought for $4.82 or 0.00004933 BTC on major exchanges. Bitcoin Gold has a market capitalization of $84.49 million and $2.12 million worth of Bitcoin Gold was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Zcash (ZEC) traded down 8.6% against the dollar and now trades at $30.41 or 0.00031102 BTC.
• Horizen (ZEN) traded down 10.2% against the dollar and now trades at $11.47 or 0.00011726 BTC.
• Pirate Chain (ARRR) traded down 6.2% against the dollar and now trades at $0.15 or 0.00000152 BTC.
• Komodo (KMD) traded 5.7% lower against the dollar and now trades at $0.18 or 0.00000187 BTC.
• ZClassic (ZCL) traded up 91.7% against the dollar and now trades at $0.0811 or 0.00000083 BTC.

Bitcoin Gold Profile

Bitcoin Gold is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 25th, 2017. Bitcoin Gold’s total supply is 17,513,924 coins. The official message board for Bitcoin Gold is forum.bitcoingold.org. The Reddit community for Bitcoin Gold is https://reddit.com/r/bitcoingoldhq and the currency’s Github account can be viewed here. Bitcoin Gold’s official Twitter account is @bitcoingold and its Facebook page is accessible here. The official website for Bitcoin Gold is btgofficial.org.

According to CryptoCompare, “Bitcoin Gold (BTG) is a digital currency that aims to decentralize the process of Bitcoin mining by utilizing GPU hardware, making it more accessible to a wider range of users. BTG is based on the original Bitcoin blockchain but incorporates a different mining algorithm, Equihash, to promote decentralization and prevent the concentration of mining power. BTG was created in 2017 as a fork of Bitcoin, and it maintains similar features such as a limited supply cap of 21 million coins. BTG can be used for peer-to-peer transactions, as well as for mining on GPU hardware to earn rewards for securing the network. BTG aims to provide a more decentralized and democratic approach to mining, empowering individual miners and promoting wider participation in the mining process.”

Bitcoin Gold Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Bitcoin Gold directly using US dollars. Investors seeking to trade Bitcoin Gold should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Bitcoin Gold using one of the aforementioned exchanges.

BTG/USD price chart by TradingView