Smaller altcoins shine as bitcoin stills trades around $85,000
Leading the gains is BTW, the native token of Bitway, a bitcoin-compatible layer-1, which jumped 25% in the past 24 hours and is up 170% over the past 30 days.
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Summary
- Bitway’s BTW token rose 25 percent in 24 hours and 170 percent over the past month, leading a broader rally among smaller cryptocurrencies.
- Bitcoin traded near $85,900, with analysts warning that a drop below $84,000 could open the way for a swift decline toward $80,000.
- Bitcoin derivatives positioning stabilized as open interest held near $21.9 billion, funding rates cooled and 24-hour liquidations reached $163 million.
