Bitcoin (BTC) $66,420.36 -3.24%
Ethereum (ETH) $2,042.83 -4.40%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 79.217044 -5.02%
Cardano (ADA) $0.24 -3.79%
Chainlink (LINK) $8.50 -5.96%
Litecoin (LTC) $52.05 -3.67%
Dash (DASH) $29.94 -7.76%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 1.050673 -3.00%
X-Cash (XCASH) 9.0E-6 -4.21%
Dogecoin (DOGE) $0.00 -2.44%

Cryptocurrencies: 28732

Markets: 116307

Market Cap: $2,290,591,551,519

24h Vol: $98,031,109,574

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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