Bitcoin Gold rebounds 8.17% on Friday after the sudden widespread crypto selloff. BTG is the strongest daily gainer following a formidable rebound from the intraday low. The cryptocurrency market is dealing with the aftermath of the allegations facing Tether (USDT) and Bitfinex following a new filing by the New York Attorney General’s office. The two entities are accused of covering up a shortfall of $850 million in funds to pay for customer withdraws. More on that story: Bitcoin Gold alongside other cryptocurrencies tumbled for the second time this week to record significant losses. BTG/USD was trading below both the 50 simple moving average (SMA) and the 100 SMA, at the time, it was keeping the new balance it had found at $16.00. The widespread declines on Friday pushed Bitcoin Gold below the support, in turn, igniting losses below $15.00 to form a low at $14.48. In spite of the fall, BTG is the strongest daily gainer following a formidable rebound from the intraday low. The price is battling the resistance at $16.00 while trading at $15.90. The crypto will encounter more hurdles at both the 50 SMA and the 100 SMA. Moreover, for almost three weeks BTG has been trending lower within the descending channel, see chart below. A correction above the channel resistance will pave the way for more retracement to the upside and eventually touch $20.00. BTG/USD 240 chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/TRY still targets 6.00 on Lira weakness FX Street 4 years Bitcoin Gold rebounds 8.17% on Friday after the sudden widespread crypto selloff. BTG is the strongest daily gainer following a formidable rebound from the intraday low. The cryptocurrency market is dealing with the aftermath of the allegations facing Tether (USDT) and Bitfinex following a new filing by the New York Attorney General's office. The two entities are accused of covering up a shortfall of $850 million in funds to pay for customer withdraws. More on that story: Bitcoin Gold alongside other cryptocurrencies tumbled for the second time this week to record significant losses. BTG/USD was trading below both the 50… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
