Bitway Leads Weekly Gains with a 76.28% Surge
- Bitway (BTW) rose by 76.28% from Sept. 7 to Sept. 13, reaching a market capitalization of $2.12 billion.
- Venice Token (VVV) gained 28.27%, while Filecoin (FIL) and Raydium (RAY) increased by 20.95% and 20.02%, respectively.
- Lisk (LSK) experienced an extraordinary rally, climbing over 1,800% from approximately $0.10 to $2 during the same period.
- Open interest in BTW futures on Binance fell from nearly $1 billion to $146 million amid significant liquidation of long positions.
- VVV’s trading volume surged over tenfold to $815.32 million, driven by active buying and short position liquidations.
The substantial gains for Bitway and other cryptocurrencies were influenced by derivatives activity and strategic token movements among large holders, particularly with BTW futures on Binance and VVV’s unlock events.
Bitway’s impressive rise of over three-quarters in just one week highlights the volatile nature of cryptocurrency markets, while Lisk’s more than 1,800% increase reflects unique project developments requiring asset migration.(Source)
