BitTorrent

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 <p class="is-style-lead">The BitTorrent (BTT) <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> 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;</p>
 <p>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.</p>
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   BTT price, volatility, and social volume – Nov. 1 | Source: Santiment
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 <p>The announcement faced criticism from many users on X, saying that “investors are losing money.”</p>
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    <p lang="en" dir="ltr">The holders are only losing money… #BitTorrent Web Pro?? who will buy this??</p>— Kimsman (@hasoo_kim) October 31, 2023
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 <p>According to data from the market intelligence platform Santiment, BTT’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> <a rel="noopener noreferrer nofollow" title="volatility" href="https://thebittimes.com/tag/volatility.html">volatility</a> skyrocketed on Oct. 31, when the asset reached a local top with a $41 million 24-hour trading volume.&nbsp;</p>
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 <p>While BitTorrent’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> <a rel="noopener noreferrer nofollow" title="volatility" href="https://thebittimes.com/tag/volatility.html">volatility</a> declined by half, the asset’s social volume and value still couldn’t hold their position.&nbsp;</p>
 <p>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;</p>
 <p>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 crypto asset.</p>
 <p>BitTorrent’s 24-hour trading volume also declined by 22% over the past day and is currently standing at $36.8 million.&nbsp;</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bittorrent-price-plunges-as-volatility-skyrockets-tbt68645.html">https://thebittimes.com/bittorrent-price-plunges-as-volatility-skyrockets-tbt68645.html</a></p>

BitTorrent price plunges as volatility skyrockets

TheBitTimes

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