Wrapped Bitcoin (WBTC) Trading Down 4.5% Over Last Week

Wrapped Bitcoin (WBTC) traded down 1.8% against the US dollar during the 24 hour period ending at 22:00 PM ET on November 4th. One Wrapped Bitcoin token can now be purchased for $67,786.27 or 0.99962900 BTC on major exchanges. Wrapped Bitcoin has a total market cap of $9.96 billion and approximately $213.56 million worth of Wrapped Bitcoin was traded on exchanges in the last 24 hours. Over the last week, Wrapped Bitcoin has traded down 4.5% against the US dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 down 2.2% 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 down 1.5% against the dollar and now trades at $67,873.17 or 1.00091049 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.9% lower against the dollar and now trades at $67,838.77 or 1.00040327 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Wrapped Bitcoin

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

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.”

Wrapped Bitcoin Token Trading

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

WBTC/USD price chart by TradingView