BTR (Bitlayer) pump 5.17% in 24 hours

Gate News Bot message, on September 15, according to CoinMarketCap data, as of the time of writing, BTR (Bitlayer) is currently priced at $0.10, with a rise of 5.17% in the last 24 hours, reaching a high of $0.11 and a low of $0.07. The current market capitalization is approximately $27.4 million, an increase of $1.35 million compared to yesterday. Currently, BTR ranks 817th in global Crypto Assets market capitalization.

Bitlayer is the first BitVM project aimed at unlocking the full potential of Bitcoin. The project provides a BitVM bridge, serving as a gateway for Bitcoin DeFi, and has launched the programmable asset YBTC, supporting multi-chain integration. Bitlayer also plans to launch a BitVM-based Bitcoin rollup in 2025, implementing finality on Bitcoin through zero-knowledge proofs.

Important news about BTR recently:

1️⃣ Successfully migrated to Chainlink CCIP, strengthening cross-chain capabilities Bitlayer has established Chainlink CCIP as its official cross-chain infrastructure. This migration allows BTR, USDC, USDT, ETH, and wstETH to be securely transferred between Bitlayer and Ethereum. This initiative not only enhances Bitlayer's cross-chain interoperability but also lays the groundwork for YBTC's multi-chain deployment, which is expected to attract more cross-chain users and capital inflow.

2️⃣ YBTC Cross-Chain Nativization Plan Progress Bitlayer is actively promoting the plan to achieve cross-chain native integration of YBTC through CCIP. This initiative aims to establish YBTC as a trustless multi-chain revenue-generating wrapped Bitcoin token. With the gradual implementation of the plan, YBTC is expected to become an important bridge connecting Bitcoin with other public chain ecosystems, bringing more application scenarios and value growth points to BTR.

3️⃣ BitVM technology continues to attract industry attention As the core technology of Bitlayer, BitVM continues to attract widespread attention in the Crypto Assets industry. This revolutionary technology achieves Turing-complete contracts on the Bitcoin network through a forward verification scheme, bringing new possibilities to the Bitcoin ecosystem. As the technical details are gradually disclosed and application scenarios continue to expand, investors maintain a positive outlook on the long-term development prospects of BTR.

From a technical perspective, BTR has shown a strong rising trend recently, maintaining upward momentum for consecutive days. However, considering the high volatility of the crypto assets market, investors still need to be wary of potential pullback risks. At the same time, Bitlayer's core position in the Bitcoin DeFi ecosystem and its continuously strengthened cross-chain capabilities provide solid support for BTR's long-term value.

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