BTR (Bitlayer) rose 13.69% in the last 24 hours.

Gate News Bot news, on September 12, according to CoinMarketCap data, as of the time of writing, BTR (Bitlayer) is currently priced at 0.09 USD, having risen 13.69% in the last 24 hours, with a high of 0.09 USD and a low of 0.05 USD. The current market capitalization is approximately 23.2 million USD, an increase of 2.79 million USD compared to yesterday.

Bitlayer is a project focused on unlocking the full potential of Bitcoin. It achieves Turing-complete Bitcoin contracts through BitVM technology, employing an optimistic verification mechanism. Bitlayer offers the BitVM Bridge as an entry point for Bitcoin DeFi, realizing trust minimization through the existence of honesty. The project also launched a programmable asset YBTC, supporting multiple chains and providing value-added channels for holders. Bitlayer plans to launch a Bitcoin-based Rollup solution in 2025, combined with zero-knowledge proof technology, to achieve finality on Bitcoin.

Important news about BTR recently:

1️⃣ The exchange has listed BTR and launched an airdrop event. A cryptocurrency exchange recently announced the launch of the Bitlayer (BTR) token and simultaneously initiated a large-scale airdrop event. The total prize pool for the event reaches 120,000 BTR and 35,000 USDT, bringing significant market attention and liquidity support to BTR, effectively driving its short-term price rise.

2️⃣ BitVM technology attracts industry attention The core technology of the Bitlayer project, BitVM, has recently received widespread attention in the cryptocurrency industry. This technology enables Turing-complete contracts on the Bitcoin network, bringing new possibilities to the Bitcoin ecosystem. As the technical details are gradually disclosed, investors are showing a positive attitude towards the long-term development prospects of BTR.

3️⃣ Expansion of Bitcoin DeFi Ecosystem As an important component of the Bitcoin DeFi ecosystem, Bitlayer provides users with a convenient gateway to the Bitcoin DeFi space through its BitVM Bridge. With the continuous increase of DeFi applications on the Bitcoin network, the value of BTR as a core infrastructure token has been recognized by the market, driving its price rise.

From a technical perspective, BTR has shown a strong rising trend after breaking through previous resistance levels, and it may continue to maintain upward momentum in the short term. However, considering the high volatility of the cryptocurrency market, investors still need to be cautious of potential pullback risks.

This message is not to be considered as investment advice; investors should be aware of market volatility risks.