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BitTorrent token briefly enters the top 10 by market capitalisation

BitTorrent token briefly enters the top 10 by market capitalisation

On Monday morning, April 5, the BitTorrent token (BTT) hit an all-time high of $0.013. According to CoinMarketCap, at that moment the asset had entered the top 10 by market capitalization with a value of $12.6 billion.

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$BTT market cap reached 13 Billion USD🚀, now ranking 🎯TOP 10 on @CoinMarketCap

😎What's next?#BTT #BitTorrent #BTFS pic.twitter.com/9KdKQizOv5

— BitTorrent Inc. (@BitTorrent) April 5, 2021

Over the last 24 hours, BTT rose 45.13%. The rally was aided by the update to the BitTorent File System protocol.

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📢#BTFS Development Updates
✅Increase BTFS network decentralization. Guard decentralized testing on both client and server sides [50%]
✅Repair mode [done]
✅Challenge mode [doing] pic.twitter.com/ZRrS2racFj

— BitTorrent Inc. (@BitTorrent) April 4, 2021

At the time of writing, the token price had slid to $0.011. According to CoinGecko, BTT ranks 18th by market capitalization among crypto assets, with a market cap of $7.9 billion.

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Four-hour chart of BTT/USD from the Bitfinex exchange. Data: TradingView.

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Earlier, the price of Ripple's XRP token briefly reached $0.72.

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On April 5, the total market value of digital assets reached a record high and surpassed $2 trillion.

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