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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

Singapore Market Stats

Market cap

S$12.7B

Volume (24h)

S$410.7M

Circulating supply

155.4K WBTC

Typical hold time

12 days

Popularity

#203

All time high

S$100,430.86

Price change (1h)

-0.47%

Price change (24h)

-5.29%

Price change (7d)

-10.17%

Singapore News about Wrapped Bitcoin

BeInCrypto • Apr 30, 24

Vitalik Buterin Reveals Cryptographic Proofs That Are Fast and Easy to Verify

Vitalik Buterin introduces new cryptographic methods, Plonky2 and Binius, utilizing smaller and binary fields to significantly speed up blockchain proof verifications.The post Vitalik Buterin Reveals Cryptographic Proofs That Are Fast and Easy to Verify appeared first on BeInCrypto.

Read more

News Article Image

The Block • Apr 30, 24

BlackRock’s USD Institutional Digital Liquidity (BUIDL) Fund hits $375 million AUM

BlackRock's BUIDL hit $375 million assets under management, beating out Franklin Templeton's on-chain mutual fund FOBXX by nearly $7 million.

Read more

News Article Image

Decrypt • Apr 30, 24

Bitcoin Is 'Only Crypto Asset' That Will Get SEC Approval for ETFs: Michael Saylor

MicroStrategy founder and chairman Michael Saylor suggests that Ethereum won't see the same kind of spot ETF approval that Bitcoin did.

Read more

News Article Image

DL News • Apr 30, 24

What will push Solana back to its $260 all-time high? Three analysts weigh in

Solana is a favorite amongst memecoin traders, institutional investors, and developers.

Read more

News Article Image

The Block • Apr 30, 24

Ex-Revolut exec raises $6.5 million for hybrid crypto exchange X10

Led by former Head of Crypto Ops at Revolut Ruslan Fakhrutdinov, the new platform aims to combine the best of CeFi and DeFi.

Read more

News Article Image

CoinDesk • Apr 30, 24

‘It's Modding, But on Steroids’: Mark Long on the Future of Web3 Gaming

Shrapnel, a blockchain-infused first-person shooter game, is expected to be released in 2025. Its creator gives a preview to Jeff Wilser ahead of his appearance at Consensus 2024.

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.

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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 0.47% in the last hour and decreased by 5.29% in the past 24 hours. Wrapped Bitcoin’s price has also fallen by 10.17% in the past week. The current price is S$81,710.76 per WBTC with a 24-hour trading volume of S$410.75M. Currently, Wrapped Bitcoin is valued at 18.64% below its all time high of S$100,430.86. This all-time high was the highest price paid for Wrapped Bitcoin since its launch.

The current circulating supply of Wrapped Bitcoin is 155,384.743 WBTC which means that Wrapped Bitcoin has as total market cap of 155,384.743.

FAQ

What is the current price of Wrapped Bitcoin?

We update our Wrapped Bitcoin to SGD 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 S$12.67B. 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 S$100,430.86. 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 S$410.75M.

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.