Bitway (BTW) hits a record $1.43: 27 percent in a week while the market stood still

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.

The weekly low was $0.84 on Saturday, September 26. Two days later, on Monday, BTW marked its all-time high at $1.43. For the hourly series of the same week, CoinGecko shows the highest level on Wednesday at $1.41; the two figures come from differently grained series from the same provider, which is why the range stands here rather than a smoothed average. From $0.84 to $1.43 is a good 70 percent in two days, and the pullback to $1.32 has given back about a sixth of that.

Over 30 days, BTW is up around 225 percent. That figure is the real background to the week: the jump to the all-time high came at the end of a move that had already begun in September.

What the week looks like against the broader market

Bitcoin stood at around $83,500 on Thursday morning, down a good one percent over seven days, and Ethereum at about $2,685, also slightly weaker over the week. Anyone holding BTW against that backdrop is dealing with a single move whose cause has to lie in the project itself or in demand for the token. That matters for context, because a move without the market behind it turns faster in both directions.

What is behind the jump from $0.84 to $1.43

Bitway is a project in the field of decentralised finance. CoinGecko lists the token under the tags decentralised finance, yield farming, BNB Chain ecosystem and governance. According to the project's own account on the Bitway project site, BTW is the token that carries network operations, staking and governance votes, and the one tied to the incentives for the provider's yield, payment and financing products.

The immediate driver of the week is documented and carries an expiry date: an incentive campaign has been running through the DeFi section of Binance Wallet since August 19 and closes at the end of this week. Anyone committing capital to the corresponding product takes part in the distribution of rewards in BTW. A campaign that locks up capital and pays out tokens at the same time creates demand for as long as it runs, and that particular window closes on Friday.

A second point belongs to the backstory. According to a review by the data provider Bitquery of 51 larger airdrops on EVM networks this year, three out of four of those tokens later traded below their first-week price. BTW was one of the exceptions in that study and traded clearly above it. That explains part of the attention, but it says nothing about the direction from here: it is a statement about this token's past relative to others, not about its value.

Booster Earn Season 5: the campaign ends on October 2 at 23:59 UTC

The only documented date in the coming days is the end of the current campaign. Under the announcement of August 19, 2026, 00:00 UTC, the programme's fifth round runs until October 2, 2026, 23:59 UTC. For you in Germany that means it closes at 1:59 a.m. on Saturday night. Rewards worth $200,000 in BTW are paid out as a boosted interest rate, and the condition for taking part is a deposit of at least $100 into the corresponding vault product through the DeFi section of Binance Wallet. The campaign dates can be viewed in the events calendar at TradingView.

What counts for the coming week is the expiry, not the participation. An incentive campaign holds capital in place. Once it runs out, the capital that was locked can be withdrawn, and experience suggests part of the rewards in BTW gets sold. Whether and how strongly that feeds through to the price cannot be predicted, and nobody should be quoting you a figure here. The date itself, though, is fixed, and it falls in the same week as the all-time high.

Circulating supply and total supply: 2.71 of 10 billion BTW are free

Here lies the point a price chart does not show. Of the 10 billion BTW set as total and maximum supply, around 2.71 billion are in circulation. That is about 27 percent. The remaining almost three quarters exist, but are not yet on the market.

Circulating supply is the number of tokens that are genuinely free to trade. The market capitalisation of $3.6 billion counts that circulating supply alone. Apply the full supply of 10 billion tokens at the current price instead, and the fully diluted valuation comes to around $13 billion. Both are correct figures for different questions, and with Bitway the gap between them is wide.

In practice that means: every token that enters circulation in future out of reserves, rewards or unlocks meets a market that has to absorb the additional supply. For projects with a circulating share of around 27 percent, the schedule of those unlocks is therefore one of the most important pieces of information there is. Anyone who holds BTW or wants to buy should read that schedule at the provider itself rather than infer it from the price chart.

Why the supply figures differ from one source to the next

Figures for Bitway's circulating supply diverge across data providers, as an analysis by Phemex among others has pointed out. Such divergences arise when providers count locked holdings, reserves or undistributed rewards differently. For you that means: compare the market capitalisation at two providers before you take it as a yardstick. If the circulating supply differs, so does every valuation built on it.

Trading volume and liquidity: $50 million against $3.6 billion in market capitalisation

Turnover in BTW over 24 hours came to around $50 million. Against a market capitalisation of $3.6 billion that is about 1.4 percent. For Bitcoin and Ethereum this ratio is markedly higher on ordinary days.

Liquidity describes how much you can buy or sell without moving the price yourself. A small ratio of turnover to market capitalisation means in practice: larger sell orders meet a thin order book, and the price achieved can sit noticeably below the one you see on the ticker. That also explains the spread of this week. A market that rises 70 percent in two days and then gives part of it back is typically not a deep market.

One consequence for your own planning follows from that, and it has nothing to do with a forecast: anyone who plans a fixed exit price in a thin market should allow for that price being unavailable when it matters.

BTW on exchanges: Bitget, Gate and MEXC, no MiCA licence in the EU

CoinGecko lists 13 trading venues for BTW. On the centralised side these include Bitget, Gate, MEXC, HTX, Poloniex, Toobit, DigiFinex, KCEX, BitKan and Ourbit, each paired against the dollar stablecoin USDT. Added to that are decentralised venues on BNB Chain, among them Uniswap in two versions and PancakeSwap.

None of these venues belongs to the providers authorised as crypto service providers under MiCA and allowed to offer their services in Germany on a regular basis. cryptoticker.io compiled this review itself on October 1, 2026; the basis is the list of 13 trading venues CoinGecko carries for BTW, matched against the providers authorised in Germany. Names such as Bitpanda, Coinbase, Kraken or Bitvavo, which work in Germany with authorisation, do not appear on that list.

That is not a statement about the standing of the exchanges named, but one about your legal framework. Since July 1, 2026 the requirements of the MiCA regulation have applied in full across the EU, and the transition periods have expired. Anyone trading at a provider without EU authorisation does not have the avenues open to them that a supervised provider offers in a dispute, and German deposit protection does not cover crypto assets in any case. Which exchanges hold authorisation is shown in our overview of regulated crypto exchanges.

Leverage and liquidation

Several of the exchanges named offer derivatives on BTW. In a market that rises 70 percent within two days and then shows a range of more than a third in a single day, the arithmetic is simple: tenfold leverage is wiped out in full by a ten percent move the other way. Liquidation is the forced closing of your position as soon as the margin no longer suffices. In a market of this spread that hits leveraged positions regularly.

Custody: two contract addresses on BNB Chain and Ethereum

BTW exists on two networks. On BNB Chain the contract address is 0x444045b0ee1ee319a660a5e3d604ca0ffa35acaa, on Ethereum 0x3a63de3572c69a1307ff08394f3ee7702c16d25d. Anyone moving the token into a wallet of their own has to pick the right network. A transfer to the matching address on the wrong network is as a rule not recoverable.

With tokens on several networks and similarly named imitations, the extra look is worth it: compare the contract address a trading platform or a search result shows you with the address on the project site itself before you buy or transfer. For custody of larger holdings, the same holds as for any token on a smart contract platform, namely that the keys sit better on a device without a network connection than in an exchange account.

Levels above and below: $1.43, $1.04 and the $0.84 area

The levels that follow are observation points from the week's trading, not price targets and not a recommendation. Above stands the all-time high at $1.43, around seven and a half percent over the current price; beneath it lies Wednesday's hourly high at $1.41. On the downside, the price from seven days ago at about $1.04 marks the starting point of the weekly move, and under that sits Saturday's weekly low at $0.84.

The round level at one dollar almost coincides with the start of the week and is therefore the line at which it will show whether the weekly gain holds. Nothing more can be read out of the figures, and anything further would be guesswork about quantities that has no place here.

Tax in Germany: a one-year holding period and the 1,000-euro threshold

The same rules apply to BTW as to other crypto assets held privately. If you sell at a profit within a year of buying, that profit is taxable and charged at your personal income tax rate. After a holding period of more than a year, the gain on the sale stays tax-free. The threshold is 1,000 euros a year, and it is not an allowance: if your gains from private sales exceed that limit, the entire amount is taxable, not just the part above it.

Rewards from an incentive campaign or from staking count separately and are as a rule treated as other income. They are assessed at the time they arrive, at the price prevailing then, with a threshold of their own at 256 euros a year. Anyone taking part in the current campaign should record the price on the day of the credit, because that value later forms the basis for taxation.

Since January 1, 2026 the Crypto Asset Tax Transparency Act, the German implementation of the EU directive DAC8, has applied on top of that. Under it, providers report user and transaction data to the tax authorities; for the current year 2026 those reports have to be filed by July 31, 2027. That applies most clearly to providers based or registered in the EU, and it changes nothing about your own duty to declare gains in your tax return. When trading across several platforms and networks, clean record-keeping from the start helps more than any reconstruction after the fact; an overview of the tools for it is in our comparison of crypto tax tools.

Bitway: Your next three steps

1. Settle the access route. Establish whether you can get BTW at a provider with EU authorisation at all, and decide deliberately whether a trading venue without that authorisation is worth the commitment to you. Which exchanges work in Germany on a regular basis is set out in our overview of crypto exchanges.
2. Read up on the supply schedule. Look at the project itself for when the remaining almost three quarters of the total supply enter circulation, and only then set a position size. For custody outside an exchange account, the hardware wallet comparison helps.
3. Record the date and your tax documents. Note the end of the campaign on Saturday night as well as the purchase date, price and network of every position, so that the holding period and the threshold can be evidenced later. You will find tools for that in the tax tool comparison.

(As of October 1, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)