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Wrapped Bitcoin

WBTC

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About Wrapped Bitcoin

Wrapped Bitcoin (WBTC) is an Ethereum token that is intended to represent Bitcoin (BTC) on the Ethereum blockchain. It is not Bitcoin, but rather a separate ERC-20 token that’s designed to track Bitcoin’s value. WBTC was created to allow Bitcoin holders to participate in decentralized finance (“DeFi”) apps that are popular on Ethereum. Through a WBTC partner, 1 Bitcoin can be exchanged for 1 Wrapped Bitcoin, and vice-versa. The BTC that backs WBTC is verifiable through a “proof of reserve” system that verifies the 1:1 backing between minted WBTC tokens and Bitcoin stored by custodians. WBTC is maintained by a group called the WBTC DAO that consists of over 30 members. It was originally started by BitGo, Ren, and Kyber.

Market

France Market Stats

Market cap

€9.2B

Volume (24h)

€178.1M

Circulating supply

155.4K WBTC

Typical hold time

12 days

Popularity

#203

All time high

€68,746.49

Price change (1h)

-0.16%

Price change (24h)

+0.38%

Price change (7d)

-1.93%

France News about Wrapped Bitcoin

BeInCrypto • Apr 28, 24

Ethereum Prices Soar as Transaction Fees Hit Six-Month Low

Ethereum emerged as the top-performing digital asset of the week, with its price increasing by over 6%, coinciding with a significant drop in gas fees.The post Ethereum Prices Soar as Transaction Fees Hit Six-Month Low appeared first on BeInCrypto.

Read more

News Article Image

The Block • Apr 28, 24

BlackRock’s $IBIT adds Moonpay Chief Legal Officer Lindsey Haswell to fund’s board

Haswell has years of crypto experience at Blockchain.com, MoonPay, and as a founding team member of the Core blockchain.

Read more

News Article Image

BeInCrypto • Apr 28, 24

Four Reasons Why Ethereum Is Not a Security: Consensys

Amidst SEC scrutiny, Consensys defends Ethereum's non-security status, citing historical views, regulatory consistency, and its decentralized, open protocol nature.The post Four Reasons Why Ethereum Is Not a Security: Consensys appeared first on BeInCrypto.

Read more

News Article Image

BeInCrypto • Apr 28, 24

Shiba Inu’s Shibarium Hard Fork: How Will SHIB Price React?

Shibarium's forthcoming upgrade on May 2 aims to enhance transaction efficiency and stability, promising a bullish outlook for SHIB's market performance.The post Shiba Inu’s Shibarium Hard Fork: How Will SHIB Price React? appeared first on BeInCrypto.

Read more

News Article Image

Blockworks • Apr 28, 24

Web3 Watch: ‘Buy Bitcoin’ sign, first post-halving satoshi go up for sale

Plus, a CryptoPunk sells for $12 million and Blockworks buys a goat

Read more

News Article Image

DL News • Apr 28, 24

Marathon Digital reveals plan to double its Bitcoin mining capacity this year

Acquisitions and orders in pipeline seen adding up to 100% increase in hash rate.

Read more

News Article Image

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Social

Some highlights about Wrapped Bitcoin on social media

403 unique individuals are talking about Wrapped Bitcoin and it is ranked #524 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Wrapped Bitcoin has an average sentiment score of 3.5 out of 5. Finally, Wrapped Bitcoin is becoming more newsworthy, with 0 news articles published about Wrapped Bitcoin. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Wrapped Bitcoin. There were 38.61% of tweets with bullish sentiment compared to 12.87% of tweets with a bearish sentiment about Wrapped Bitcoin. 48.51% of tweets were neutral about Wrapped Bitcoin. These sentiments are based on 101 tweets.

On Reddit, Wrapped Bitcoin was mentioned in 14 Reddit posts and there were 27 comments about Wrapped Bitcoin. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Powered by LunarCrush

Overview

Contributors

403 people

Volume rank

#524

Average Sentiment

3.5 out of 5

Twitter

Reddit

Posts

14

Comments

27

Post Score

295

Comment Score

316

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Wrapped Bitcoin is on the decline this week.

The price of Wrapped Bitcoin has decreased by 0.16% in the last hour and increased by 0.38% in the past 24 hours. Wrapped Bitcoin’s price has also fallen by 1.93% in the past week. The current price is €59,487.31 per WBTC with a 24-hour trading volume of €178.10M. Currently, Wrapped Bitcoin is valued at 13.47% below its all time high of €68,746.49. This all-time high was the highest price paid for Wrapped Bitcoin since its launch.

The current circulating supply of Wrapped Bitcoin is 155,383.745 WBTC which means that Wrapped Bitcoin has as total market cap of 155,383.745.

FAQ

What is the current price of Wrapped Bitcoin?

We update our Wrapped Bitcoin to EUR currency in real-time. Get the live price of Wrapped Bitcoin on Coinbase.

What is the market cap of Wrapped Bitcoin?

The current market cap of Wrapped Bitcoin is €9.25B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Wrapped Bitcoin?

The all-time high of Wrapped Bitcoin is €68,746.49. This all-time high is highest price paid for Wrapped Bitcoin since it was launched.

What is the 24 hour trading volume of Wrapped Bitcoin?

Over the last 24 hours, the trading volume of Wrapped Bitcoin is €178.10M.

What other assets are similar to Wrapped Bitcoin?

Assets that have a similar market cap to Wrapped Bitcoin include Avalanche, Dogecoin, Wrapped TRON, and many others. To see a full list, see our comparable market cap assets.

How many Wrapped Bitcoin are there?

The current circulating supply of Wrapped Bitcoin is 155 thousand.

What is the typical holding time of Wrapped Bitcoin?

The median time that Coinbase customers hold Wrapped Bitcoin before selling it or sending it to another account or address is 12 days.

What is the relative popularity of Wrapped Bitcoin?

Wrapped Bitcoin ranks 130 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Wrapped Bitcoin?

Currently, 92% of Coinbase users are buying Wrapped Bitcoin. In other words, 92% of Coinbase customers have increased their net position in Wrapped Bitcoin over the past 24 hours through trading.

Can I buy Wrapped Bitcoin on Coinbase?

Yes, Wrapped Bitcoin is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Wrapped Bitcoin guide.

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