Wrapped Bitcoin (WBTC) Price, Charts, and News

 

Wrapped Bitcoin (WBTC) Price, Charts, and News

Wrapped Bitcoin (WBTC) is a tokenized form of Bitcoin that is compatible with the Ethereum blockchain. It is created by locking up Bitcoin on the blockchain and minting an equivalent amount of WBTC on the Ethereum blockchain. This allows Bitcoin holders to use their Bitcoin in DeFi applications on Ethereum while still retaining the safety and immutability of the Bitcoin blockchain.

WBTC was first launched in January 2019 by the team at BitGo. It is currently the most popular tokenized Bitcoin, with a marketplace capitalization of over $4.7 billion. Several major exchanges, including Coinbase, Binance, and Kraken, support WBTC.

The price of WBTC is closely correlated with the price of Bitcoin. However, there is a small premium for WBsi

Charts

The following chart shows the price of WBTC over the past year:

chart showing the price of WBTC over the past year opens in a new window

chart showing the price of WBTC over the past year

As you can see, the price of WBTC has been on a steady upward trend over the past year. It reached a high of $31,691 in January 2023 before returning to its current level of around $30,300.

News

Here are some recent news headlines about WBTC:

Wrapped Bitcoin (WBTC) Market Cap Hits $4.7 Billion

WBTC Adoption Continues to Grow, With Over 1 Million Tokens Minted

BitGo Launches New WBTC Wallet for Institutional Investors

WBTC Now Supported on Ethereum Layer 2 Networks

Conclusion

Wrapped Bitcoin is a popular tokenized version of Bitcoin that is compatible with the Ethereum blockchain. It is used by many DeFi applications and is supported by many major exchanges. The price of WBTC is closely correlated with the price of Bitcoin, but there is a small premium for WBTC due to its liquidity and ease of use.

I hope this article has given you a comprehensive overview of Wrapped Bitcoin (WBTC). If you have any further questions, please feel free to ask.