Wrapped Bitcoin (WBTC) Price Hits $70,282.89

Wrapped Bitcoin (WBTC) traded 2.1% lower against the U.S. dollar during the 1-day period ending at 16:00 PM E.T. on October 31st. Wrapped Bitcoin has a market cap of $10.33 billion and approximately $266.04 million worth of Wrapped Bitcoin was traded on exchanges in the last day. One Wrapped Bitcoin token can currently be bought for about $70,282.89 or 0.99984564 BTC on major cryptocurrency exchanges. Over the last seven days, Wrapped Bitcoin has traded up 3.8% against the U.S. dollar.

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

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 1.9% lower against the dollar and now trades at $70,359.60 or 1.00093687 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 2% lower against the dollar and now trades at $70,345.23 or 1.00073245 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Wrapped Bitcoin Profile

Wrapped Bitcoin’s genesis date was November 27th, 2018. Wrapped Bitcoin’s total supply is 147,005 tokens. Wrapped Bitcoin’s official Twitter account is @wrappedbtc and its Facebook page is accessible here. Wrapped Bitcoin’s official website is wbtc.network.

According to CryptoCompare, “Wrapped Bitcoin (WBTC) is an ERC-20 token representing Bitcoin on Ethereum. It enhances liquidity and enables Bitcoin’s use in DeFi. Managed by the WBTC DAO, it integrates with wallets, dapps, and smart contracts. WBTC is utilized for lending, borrowing, swapping, yield farming, and liquidity pools in Aave, Balancer, Compound, Kyber Network, MakerDAO, and Uniswap. WBTC was collaboratively launched in January 2019 by BitGo, Ren, Dharma, Kyber, Compound, MakerDAO, and Set Protocol. Merchants and custodians facilitate token minting and burning, with custodians storing BTC and performing transactions on Ethereum.”

Buying and Selling Wrapped Bitcoin

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

WBTC/USD price chart by TradingView