Wrapped Bitcoin (WBTC) Price Hits $62,364.18 on Major Exchanges

Wrapped Bitcoin (WBTC) traded 0.4% higher against the US dollar during the one day period ending at 11:00 AM ET on October 6th. Wrapped Bitcoin has a total market cap of $9.43 billion and $45.91 million worth of Wrapped Bitcoin was traded on exchanges in the last 24 hours. One Wrapped Bitcoin token can now be bought for $62,364.18 or 0.99603474 BTC on popular cryptocurrency exchanges. Over the last week, Wrapped Bitcoin has traded 4.8% lower against the US dollar.

Here’s how other 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 down 2.2% 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 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 6.7% against the dollar and now trades at $0.0383 or 0.00000061 BTC.
• P2P Solutions foundation (P2PS) traded 1.4% higher against the dollar and now trades at $158.50 or 0.00253142 BTC.

About Wrapped Bitcoin

Wrapped Bitcoin’s launch date was November 27th, 2018. Wrapped Bitcoin’s total supply is 151,286 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.”

Wrapped Bitcoin Token Trading

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

WBTC/USD price chart by TradingView