BitTorrent price plunges as volatility skyrockets
The BitTorrent (BTT) 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. 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. BTT price, volatility, and social volume – Nov. 1 | Source: Santiment The announcement faced criticism from many users on X, saying that “investors are losing money.” The holders are only losing money… #BitTorrent Web Pro?? who will buy this?? — Kimsman (@hasoo_kim) October 31, 2023 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. You might also like: New Bitcoin highs are coming: analyst While BitTorrent’s price volatility declined by half, t...