The native token of the Bitcoin-compatible Layer 1 blockchain Bitway [$BTW] was one of the altcoins that made strong gains earlier this week. On Monday, the 5th of October, the altcoin rallied 43% in 10 hours.
The altcoin pushed from a low of $0.91 to $1.31, seemingly undoing a good chunk of the weekend’s 49.2% correction from $1.72 to $0.86.
It was likely that the conclusion of the Binance Wallet’s Bitway Booster Season 5 on the 2nd of October led to the wave of profit-taking over the weekend. Capital flows into smaller altcoins, and the subsequent sentiment shift also helped explain $BTW’s bullishness.
