BTC locked

Market Wrap: Bitcoin Hits $10.9K; Total BTC Locked in DeFi Passes 100K

Bitcoin is making gains not seen since early September; the amount of BTC locked in DeFi hits six figures. Bitcoin (BTC) trading around $10,778 as of 20:00 UTC (4 p.m. EDT). Gaining 0.70% over the previous 24 hours. Bitcoin’s 24-hour range: $10,252-$10,950 BTC above its 10-day and 50-day moving averages, a bullish signal for market …

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$700 Million Worth of Synthetic Bitcoin Is Circulating on the Ethereum Blockchain

According to onchain data, there’s now 69,836 synthetic bitcoin tokens (over $700 million) circulating on the Ethereum blockchain. Out of the six synthetic bitcoin token projects, wrapped bitcoin (WBTC) commands the largest number of coins with over 63% and 44,622 WBTC. Synthetic bitcoin (BTC) has grown massively in recent weeks and since news.Bitcoin.com’s last report …

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Onchain Data Shows $449M Worth of Bitcoin on ETH Eclipses Offchain Competitors

Onchain analytics show the number of bitcoin (BTC) held on the Ethereum blockchain has been multiplying at an extremely fast rate since the end of May. On Sunday, August 16 there’s approximately 38,021 BTC on Ethereum or roughly $449 million stored in synthetic bitcoin protocols like Wbtc, Renbtc, Sbtc, and more. During the last two …

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