Bitcoin (BTC) $89,609.93 0.59%
Ethereum (ETH) $3,041.56 1.00%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 132.886579 1.00%
Dogecoin (DOGE) $0.14 1.44%
Cardano (ADA) $0.42 1.61%
Chainlink (LINK) $13.99 3.84%
Litecoin (LTC) $82.16 2.60%
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Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 1.954297 1.50%
X-CASH (XCASH) 1.0E-6 0.00%

Cryptocurrencies: 28005

Markets: 116055

Market Cap: $3,052,473,135,211

24h Vol: $86,926,750,486

Bitcoinist

2023-03-01 10:36:39

Wrapped Bitcoin Supply Declines To Negative, Here’s Why

Wrapped Bitcoin Supply Declines To Negative, Here’s Why

In a significant development, the supply of Wrapped Bitcoin (wBTC) has dropped to a negative value after a significant burn of 11,500 wBTC. The burn was linked to Celsius, a decentralized finance platform offering cryptocurrency lending and borrowing services. Related Reading: 52 Million Americans Own Crypto Amid ‘Frustration’ In Biased Financial System: Survey The burn

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