BitTorrent

The BitTorrent (<a href="https://crypto.news/price/bittorrent/">BTT</a>) price has been constantly declining since January 2022 but has risen to an 11-week high on Oct. 31 when the platform announced a renewed product.&nbsp; 
BitTorrent announced the BitTorrent Web PRO on Oct. 31 on X (formerly Twitter), which helped the asset’s price rise to $0.00000052. But the surge was short-lived, and the BTT price declined again. 
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 BTT price, volatility, and social volume – Nov. 1 | Source: <a href="https://app.santiment.net/charts/1BWjavN2__sCl" target="_blank" rel="noopener">Santiment</a>
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The announcement faced criticism from many users on X, saying that “investors are losing money.” 
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 The holders are only losing money… <a href="https://twitter.com/hashtag/BitTorrent?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BitTorrent</a> Web Pro?? who will buy this??— Kimsman (@hasoo_kim) <a href="https://twitter.com/hasoo_kim/status/1719392706512953696?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">October 31, 2023</a>
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According to data from the market intelligence platform Santiment, BTT’s price volatility skyrocketed on Oct. 31, when the asset reached a local top with a $41 million 24-hour trading volume.&nbsp; 
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While BitTorrent’s price volatility declined by half, the asset’s social volume and value still couldn’t hold their position.&nbsp; 
According to Santiment’s data, BTT’s social activity has plunged by around 45% over the past 24 hours, while its price is still up by 14.7% over the past seven days.&nbsp; 
BTT is down by 8% in the past 24 hours and is trading at $0.00000045 when writing. The asset’s market capitalization plunged to $435 million, making it the 83rd largest <a href="https://crypto.news/crypto-markets-are-in-red-as-btc-slips-below-28k/">crypto</a> asset. 
BitTorrent’s 24-hour trading volume also declined by 22% over the past day and is currently standing at $36.8 million.&nbsp; 
 Read more: <a href="https://crypto.news/ton-hits-world-record-for-blockchain-speed/"> TON hits world record for blockchain speed </a>

BitTorrent price plunges as volatility skyrockets

crypto.news

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