{"id":119973,"date":"2021-04-07T00:43:59","date_gmt":"2021-04-07T00:43:59","guid":{"rendered":"https:\/\/precoinnews.com\/?p=119973"},"modified":"2021-04-07T00:43:59","modified_gmt":"2021-04-07T00:43:59","slug":"bittorrent-btt-surges-86-to-enter-top-ten-crypto-list-registers-nearly-275-weekly-gains","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/bittorrent-btt-surges-86-to-enter-top-ten-crypto-list-registers-nearly-275-weekly-gains\/","title":{"rendered":"BitTorrent (BTT) Surges 86% To Enter Top-Ten Crypto List, Registers Nearly 275% Weekly Gains"},"content":{"rendered":"
Over the last two weeks, some of the lesser-known altcoins have been battling to make their way to the much-coveted top-ten crypto list. First with THETA followed by Filecoin last week, its BitTorrent which has now surged a massive 86% in 24 hours to become the tenth-largest cryptocurrency by market cap.<\/p>\n
At press time, BitTorrent (BTT) is trading at a price of $0.0-13 with a market cap of $13.1 billion. Over the last week, the BTC price has surged a massive 267% thereby putting it in the top-ten spots. Also, with the price surge, the daily trading volume for BitTorrent has surged to a massive $12.2 billion.<\/p>\n
Interestingly, there’s no specific fundamental reason as of now as to why the BTT price shot to these highs. BitTorrent, the peer-to-peer file-sharing protocol has been in the crypto game for quite some time though. A strong technical momentum could be one of the plausible reasons behind this price surge.<\/p>\n
Another latest development around BitTorrent (BTT) is that ten days back, crypto exchange Poloniex announced staking for BTT on March 25, 2021.<\/p>\n
As it turns out, Poloniex was acquired by a group of buyers including TRON founder Justin Sun, who also sits on the top board o BitTorrent.\u00a0A speculative guess suggests that this could have triggered buying demand for BitTorrent with investors rushing to buy and stake their BTT tokens.<\/p>\n
There’s a strong buying current at present in the altcoin space as Bitcoin (BTC) consolidates around $58-$59K. Ethereum (ETH), Binance Coin (BNB), Polkadot (DOT) and XRP have all given over 20% returns over the last week.<\/p>\n
Ethereum (ETH) surged all the way above $2100 hitting its new all-time high. At present ETH still holds its crucial support of $2000. Simultaneously, Binance Coin (BNB) has been maintaining its number 3 spot and currently trading around $350 levels.<\/p>\n
Most interestingly, Ripple’s XRP has surged over 17% moving past $0.70 to register its highest weekly close in nearly 3 years.<\/p>\n
To keep track of DeFi updates in real time, check out our DeFi news feed Here. <\/p>\n