Franklin Templeton-Backed Bitcoin Project Bitlayer Crashes 78% Amid Rug Pull Allegations"

BitcoincomNews · 2026-03-24T06:00:04+00:00

Bitlayer (BTR) experienced a 78% drop due to heavy selling, with trading volume increasing by 648%. Ongoing weak sentiment may push BTR toward $0.031 in the short term, despite potential for long-term recovery.

BitcoincomNews

2026-03-24 06:00:04

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Story Highlights* Bitlayer (BTR) plunged 78% amid heavy selling and liquidations, while trading volume surged over 648%, highlighting extreme volatility and market reaction.

BTR may face further downside toward $0.031 short term, as weak sentiment and profit-taking persist despite long-term recovery potential.

BTC-1,13%

BTR-62,68%

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