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Wrapped Bitcoin Price Up 10.2% This Week (WBTC)

Financial News Live ·  Jan 21, 2023 20:51

Wrapped Bitcoin (WBTC) traded up 1.2% against the dollar during the one day period ending at 20:00 PM ET on January 21st. In the last seven days, Wrapped Bitcoin has traded 10.2% higher against the dollar. One Wrapped Bitcoin token can now be bought for $22,806.94 or 0.99699926 BTC on popular cryptocurrency exchanges. Wrapped Bitcoin has a market cap of $4.11 billion and $198.06 million worth of Wrapped Bitcoin was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

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  • KILT Protocol (KILT) traded 0.5% higher against the dollar and now trades at $0.70 or 0.00003060 BTC.
  • Aidi Finance (BSC) (AIDI) traded 6.6% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 2% lower against the dollar and now trades at $0.0616 or 0.00000270 BTC.
  • CareCoin (CARES) traded down 2% against the dollar and now trades at $0.0765 or 0.00000335 BTC.
  • OmniaVerse (OMNIA) traded down 21.4% against the dollar and now trades at $0.0015 or 0.00000006 BTC.
  • Kitty Inu (KITTY) traded 2% lower against the dollar and now trades at $94.69 or 0.00414726 BTC.
  • Lunar (LNR) traded 16.8% higher against the dollar and now trades at $0.0289 or 0.00000126 BTC.
  • Hokkaidu Inu (HOKK) traded down 1.6% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
  • QANplatform (QANX) traded 2% lower against the dollar and now trades at $6,646.46 or 0.29110686 BTC.
  • 2G Carbon Coin (2GCC) traded 1.6% lower against the dollar and now trades at $159.34 or 0.00697889 BTC.

Wrapped Bitcoin Profile

Wrapped Bitcoin was first traded on November 27th, 2018. Wrapped Bitcoin's total supply is 180,298 tokens. Wrapped Bitcoin's official Twitter account is @wrappedbtc and its Facebook page is accessible here. The official website for Wrapped Bitcoin is wbtc.network.

According to CryptoCompare, "Wrapped Bitcoin (WBTC) is the first ERC20 token backed 1:1 with Bitcoin. WBTC standardizes Bitcoin to the ERC20 format, creating smart contracts for Bitcoin. This makes it easier to write smart contracts that integrate Bitcoin transfers. To receive WBTC, a user requests tokens from a merchant. The merchant then performs the required KYC / AML procedures and verifies the user's identity. Once this is completed, the user and merchant execute their swap, with Bitcoin from the user transferring to the merchant, and WBTC from the merchant transferring to the user.GitHubWhitepaper"

Wrapped Bitcoin Token Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Wrapped Bitcoin directly using US dollars. Investors seeking to trade Wrapped Bitcoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Wrapped Bitcoin using one of the aforementioned exchanges.

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Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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