Leading the gains is BTW, the native token of Bitway, a bitcoin-compatible layer-1 blockchain with proof-of-stake consensus and decentralized finance (DeFi) infrastructure. The token has jumped 25% in the past 24 hours and is up 170% over the past 30 days
BTW has also been drawing attention on social media, following the end of Binance Wallet's "Booster Season 5" campaign on Oct. 2. The campaign offered rewards for deposits and may have boosted retail engagement
The rally also appears to be part of a broader shift toward smaller altcoins. Filecoin's FIL and LayerZero's ZRO have gained 12% and 10%, respectively, in 24 hours, and both are up 50% or more over four weeks. Midnight's NIGHT token has added 8% over the same 24 hours
At the other end, SKY, VVV and DASH are the three worst performers among the 100 largest tokens by market value
As for bitcoin, it remains stuck in its range. The leading cryptocurrency is trading at $85,900 as of this writing, after putting in lows near $85,000 earlier in the day
"A break below $84K would signal a victory for the bears, and a break below the recent local lows at $83K would confirm this with even greater certainty. In this scenario, the leading cryptocurrency could fall to $80K fairly quickly," said Alex Kuptsikevich, chief market analyst at TheFxPro
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years
