Wrapped Bitcoin

Wrapped bitcoin (WBTC), a clone of bitcoin (BTC), has traded at a discount to BTC's price since crypto exchange FTX filed for bankruptcy protection on Nov. 11. "All About Bitcoin" host Lawrence Lewitinn breaks down the Chart of the Day.

29. Nov. 2022

The growth of wrapped BTC hit an all-time high in January before backtracking slightly this month. WBTC is essentially a receipt token for Bitcoin in the form of an Ethereum-based token, called ERC-20. Chart of the Day shows that users of Ethereum appreciate exposure to bitcoin. Christine Lee explains the data on “All About ETH.”

18. Feb. 2022

Over the past 30 days, bitcoin is up about 40%, trading at just below $50,000, although it is likely to face resistance towards the $55,000 mark. Mike Belshe, CEO of crypto custodian BitGo, discusses the potential catalyst for the rally and how much of the current regulatory environment has to do with the crypto markets. Plus, his outlook on the growth of wrapped bitcoin (WBTC). 

23. Aug. 2021

Bitcoin is getting increasingly locked on Ethereum in the form of wrapped BTC, which now holds more than 1% of bitcoin’s total circulating supply. This trend shows how savvy crypto traders are pivoting to salvage or maintain returns even as bitcoin’s price tumbled.

16. Juni 2021