'Not a cheaper Bitcoin' — Bitcoin Gold soars 173% as traders may be buying the wrong BTG

Cointelegraph

Published Apr 09, 2021 03:54AM ET

Updated Apr 09, 2021 05:40AM ET

A long-forgotten Bitcoin (BTC) hard fork has surged almost 200% in a week — simply because traders are buying the wrong altcoin.

Bitcoin Gold (BTG), a relic from the 2017 forking season, traded at $113 on April 9 — the highest price since February 2018 — after 30% daily gains as trading volumes topped $250 million.

BTG/USD 1-hour candle chart (Binance). Source: Tradingview

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