In 2024, the global crypto market has seen significant developments, including the launch of Bitcoin ETFs and growing adoption by both institutions and governments. As we enter Q4, the momentum continues with new projects and innovations. The leading crypto exchange Kraken has joined the action by introducing its own wrapped
Coinbase’s newly launched wrapped Bitcoin product, cbBTC, has quickly gained traction, amassing a market capitalization of nearly $100 million within its first 24 hours. According to Dune Analytics, cbBTC’s circulating supply stands at 1,720 tokens, valued at $99.8 million. Of this, 43% is held on Base, Coinbase’s layer-2 network, while
James Fickel, founder of Amaranth and known for his bullish stance on the ETH/BTC trading pair, has swapped another 5,000 ETH, valued at $11.3 million, for 204.8 WBTC at a 0.041 ETH/BTC rate over the past six days. This move follows his earlier actions on August 11, when he swapped
The Bitcoin-based DeFi industry is heading for a shakeup following news that BitGo, creator of the “Wrapped Bitcoin” or wBTC token that’s used to represent BTC on the Ethereum blockchain, is working with new custodians in Hong Kong and Singapore. As experienced DeFi stalwarts will know, wBTC provides users with
Tron [TRX] founder Justin Sun is once again in the spotlight, this time for his involvement with Wrapped Bitcoin (WBTC). Recently, Sun’s wallet, identified as “0xbe6,” withdrew 637 WBTC (valued at $40.8 million) from Binance on the Ethereum blockchain, just eight hours prior. This activity follows a custody deal with
Coinbase, one of the leading cryptocurrency exchanges, has recently launched its own wrapped Bitcoin token, cbBTC, on the Base blockchain. This move comes amid growing speculation and significant announcements surrounding wrapped Bitcoin (WBTC), which remains a major topic of discussion within the crypto community. Just hours ago, Coinbase tweeted about
In this Wrapped Bitcoin (WBTC) price prediction 2023, 2024-2030, we will analyze the price patterns of WBTC by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Wrapped Bitcoin (WBTC) Current Market Status What is Wrapped Bitcoin (WBTC)? Wrapped Bitcoin (WBTC)
In Wrapped Bitcoin (WBTC) Technical Analysis 2021, we use past statistics, price analysis, RVOL, MA, and much other information about WBTC to analyze the future trend of the cryptocurrency. Wrapped Bitcoin is an ERC20 token representing Bitcoin on the Ethereum blockchain. There is a 1:1 ratio of Bitcoin behind every
