BTR (Bitlayer) rose 27.24% in 24 hours.

Gate News Bot news, on October 21, according to CoinMarketCap data, BTR (Bitlayer) is currently priced at 0.07 USD, with a 27.24% rise in the last 24 hours, reaching a high of 0.08 USD and a low of 0.05 USD. The current market capitalization is approximately 19.5 million USD, an increase of 4.17 million USD compared to yesterday.

Bitlayer is a Bitcoin Layer 2 solution based on BitVM technology, aimed at unlocking the full potential of Bitcoin. The project provides the BitVM Bridge as an entry point for Bitcoin DeFi, implementing cross-chain asset transfers in a trust-minimized manner. Bitlayer also launched the programmable asset YBTC, supporting multi-chain operations and providing additional yield opportunities for holders. The project roadmap includes launching the mainnet, supporting more chains, and developing Bitcoin-secure Layer 2 solutions.

Important news about BTR recently:

1️⃣ Bitlayer mainnet is about to launch The Bitlayer project team recently announced that its mainnet is about to be officially launched. As a Bitcoin Layer 2 solution based on BitVM technology, the launch of the Bitlayer mainnet will bring more scalability and functionality to the Bitcoin ecosystem, which could be one of the main factors driving the rise in BTR token prices.

2️⃣ Cross-chain asset transfer feature is receiving attention Bitlayer's BitVM Bridge serves as an entry point for Bitcoin DeFi, adopting a trust-minimized approach to achieve cross-chain asset transfers. As the demand for cross-chain interoperability in the cryptocurrency market increases, this feature is attracting more and more attention from investors and developers, which may have a positive impact on the market performance of BTR.

3️⃣ YBTC programmable assets bring profit opportunities The programmable asset YBTC launched by Bitlayer not only supports multi-chain operations but also provides additional earning opportunities for holders. This innovative product may attract more users to participate in the Bitlayer ecosystem, thereby indirectly driving the demand and value of the BTR token.

From a technical perspective, the BTR price has broken through previous resistance levels, showing strong pump momentum. However, investors should remain vigilant about the potential pullback risks that may arise in the short term. On the fundamental side, the continuous development and innovation of the Bitlayer project will be key factors supporting the long-term value of BTR.

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