BitTorrent token (BTT) forms a god candle after this happens

Justin Sun's BitTorrent (BTT) token formed a god candle on Thursday after hitting a major milestone. The token surged to a high of $0.0000011, its highest point since January 8th and 50% above its lowest point this week. BTT supply in JustLend hits $10 million It is unclear why the BTT token price jumped.

Timeline of Bittorrent-new

BitTorrent's native token BTT entered the list of tokens that recorded significant price rise in a single day this year. The BTT token crossed the $0.000001 mark on December 8, 2023 and gained substantial traction from crypto investors.

Following the announcement of Justin Sun's Tron token achieving 200 Million users on its base, the BTT price displayed massive price movement as the price recorded a jump of over 82% during the early trading hours today. Further, the BitTorrent (New) price breached $0.000001 for the first time since May 2022.

Tron (TRX), the native cryptocurrency of the Tron blockchain, witnessed a substantial increase over the weekend. The token spiked by 10% yesterday, buoyed by recent developments within its ecosystem.

2023 has already seen the Securities and Exchange Commission (SEC) swinging into enforcement action within the crypto space. With Q1 2023 almost over, the SEC has charged several individuals and crypto companies over crypto asset securities-related offences.

Crypto and AI collaborate again: Justin Sun, the billionaire founder of the Tron blockchain network and BitTorrent, has announced the introduction of a new payment system to support the fast-growing artificial intelligence (AI) tool ChatGPT.

Amid the widespread recovery phase in the crypto market, the BitTorrent-New (BTT) price has shaped into a rising wedge pattern. However, in theory, this continuation pattern bolsters the prevailing downtrend once the coin price breaches its support trendline.