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BitTorrent soars 30% to new all-time high, $5B market cap: What's behind the rally?

Published 03/31/2021, 12:45 PM
Updated 03/31/2021, 02:20 PM
BitTorrent soars 30% to new all-time high, $5B market cap: What's behind the rally?

BitTorrent (BTT), the native token of the popular peer-to-peer file-sharing protocol BitTorrent, has surged nearly 30% in the past 24 hours.

The rally took the valuation of BTT to over $5.2 billion, making it the 24th most valuable cryptocurrency by market capitalization. What's more impressive, the token's value has increased more than ten-fold in the past two months.

BTT/USDT 4-hour price chart (Binance). Source: TradingView.com
BTT daily sentiment score vs. tweet volume. Source: The Tie

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