Bitway (BTW): Record $1.43, 27% of Supply in Circulation

Bitway traded at around $1.32 on Thursday morning, roughly seven and a half percent below the all-time high of $1.43 the token reached on Monday. Over the week, BTW is up between 27 and 28 percent depending on the calculation method, while Bitcoin and Ethereum were practically unchanged over the same period. That is the core of this week: a token ranked 34th moves sharply, and the broad market does not move at all.

For you as an investor in Germany, less hangs on how far the price may still run than on what you are actually dealing with. Three things about Bitway are documented, and they matter more for a decision than any price forecast: only a good quarter of the total supply is in circulation at all, daily turnover is strikingly small against market capitalisation, and none of the exchanges that list BTW holds authorisation under MiCA, the European crypto regulation. This article puts the week in context and goes through the points you can check for yourself.

Bitway (BTW) week in review: price, weekly high and weekly low

According to CoinGecko, BTW stood at $1.32 as of Thursday night, October 1. Market capitalisation is around $3.6 billion, which places Bitway 34th among all cryptocurrencies. The path through the week was unusually wide.