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Bitcoin Standard Hashrate Token (BTCST) recently recorded a 24-hour trading volume of $120.12, according to one source, while others report different figures
The Bitcoin Standard Hashrate Token (BTCST), designed to tokenize Bitcoin mining power, recently registered a 24-hour trading volume of $120.12, reflecting an 81.30% decrease from the previous day's activity, according to CoinGecko [2]. However, other sources provide different figures, with Blockchain.com reporting a 24-hour volume of $119.45 [3], and CoinMarketCap stating the 24-hour trading volume as "not available" [1]. Bitscreener also reported a $0 24-hour volume [4].
Key takeaways
The Bitcoin Standard Hashrate Token (BTCST) was introduced on the Binance Smart Chain (BSC) in December 2020 [1]. Its core function is to tokenize Bitcoin's hashrate, with each token representing 0.1 TH/s of Bitcoin mining power [1]. This mechanism allows users to participate in Bitcoin mining from within the decentralized finance (DeFi) ecosystem [1]. Miners contribute their computational power to the platform and, in return, receive newly minted BTCST tokens [1].
The Standard Hashrate Group, which developed BTCST, is supported by industrial-scale Bitcoin miners that collectively accounted for 12% of Bitcoin's global hashrate as of February 2021 [1]. The project's objective is to bridge liquidity to the Bitcoin mining market, enabling users to access mining rewards and hashpower of any size without the need for physical mining rigs [1, 2]. BTCST tokens are only issued when eligible miners choose to standardize and tokenize Bitcoin hashrate, meaning the project has not conducted private or public sales [1]. Binance Pool acts as an auditor for BTCST, ensuring legitimacy and transparency [1].
The market capitalization for BTCST is reported differently across sources. CoinMarketCap lists a live market cap of $125,163 USD [1], while CoinGecko reports $76,287.03 [2], and Blockchain.com shows $75,392.00 [3]. The circulating supply also varies, with CoinMarketCap stating 12,201,401 BTCST coins [1], CoinGecko reporting 7.3 million tokens [2], and Blockchain.com listing 7,287,600 [3]. The maximum supply for BTCST is consistently reported as 15,000,000 BTCST coins [1, 2, 3].
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It is a measure of the total computing power currently connected to the Bitcoin network, used by miners to validate transactions and add new blocks.
Miners may disconnect equipment when Bitcoin's market price falls below their production costs, making operations unprofitable.
New, more efficient hardware increases the total network hashrate, which in turn raises mining difficulty and necessitates further hardware upgrades to maintain profitability.
BTCST's price performance has seen significant fluctuations. It reached an all-time high of $91.94 and an all-time low of $0.007069, according to CoinGecko [2]. As of a recent update, it was trading 100% below its peak and 43.50% above its lowest price [2]. The token has shown a 12.00% price increase over the last seven days, outperforming the global cryptocurrency market, which was down 3.60% during the same period [2].
The BTCST project aims to democratize access to Bitcoin mining, allowing a broader range of participants to engage without the high costs and maintenance associated with traditional mining [1, 2]. By tokenizing hashrate and integrating with the DeFi ecosystem, BTCST seeks to enhance the liquidity and efficiency of the mining power market [1]. The varying reports on trading volume and market capitalization across different data providers highlight the dynamic and sometimes inconsistent nature of cryptocurrency market data [1, 2, 3, 4]. The project's governance by a DAO, involving token holders and miners, underscores a commitment to decentralized decision-making for its future development [1].
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 4 outlets · Jun 1, 2026 · How we report