#BitcoinHashRateSurge

Filecoin’s price extends its gain by 5% on Monday after surging more than 19% the previous week.

The rally was fueled by the announcement that Bithumb, the second largest exchange in South Korea, will add a new Filecoin trading pair on Monday.

On-chain data further support the rally as FIL’s open interest and TVL are rising.

Filecoin (FIL), a decentralized storage network, extends its gain by 5% and trades around $6.20 on Monday after surging more than 19% the previous week. The main reason behind the rally is the announcement that Bithumb, the second largest exchange in South Korea, will add a new Filecoin trading pair on Monday. Moreover, on-chain data further support the rally as FIL’s Open Interest (OI) and Total Value Locked (TVL) rise, hinting at further gains ahead.