WBTC
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🚨 $WBTC /USDT Trading Update on Binance! 🚨
💎 Current Price: $100,234.13 (-5.40%)
🔝 24h High: $106,099.42
📉 24h Low: $99,806.69
💰 24h Volume (WBTC): 362.69
💵 24h Volume (USDT): $37.12M
WBTC has seen some fluctuation today, with a slight decrease of -5.40%, but its 90-day growth is an impressive +56.06%! This is a key moment for traders, as WBTC continues to hold strong in the market.
🚀 Whether you're buying or selling, WBTC/USDT is one of the most popular trading pairs on Binance right now! Use Margin and Grid trading to boost your trading strategy and stay ahead of the game.
📈 Time to take action and make your move in the market!
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💬 Popular Hashtags:
#WBTC #Binance #CryptoTrading #Bitcoin #Write2Earn!
💎 Current Price: $100,234.13 (-5.40%)
🔝 24h High: $106,099.42
📉 24h Low: $99,806.69
💰 24h Volume (WBTC): 362.69
💵 24h Volume (USDT): $37.12M
WBTC has seen some fluctuation today, with a slight decrease of -5.40%, but its 90-day growth is an impressive +56.06%! This is a key moment for traders, as WBTC continues to hold strong in the market.
🚀 Whether you're buying or selling, WBTC/USDT is one of the most popular trading pairs on Binance right now! Use Margin and Grid trading to boost your trading strategy and stay ahead of the game.
📈 Time to take action and make your move in the market!
---
💬 Popular Hashtags:
#WBTC #Binance #CryptoTrading #Bitcoin #Write2Earn!
$WBTC /USDT SOARS TO NEW HEIGHTS – BULLS PUSH FORWARD... Surely will hit $107,500 ...
The $WBTC /USDT pair is showcasing remarkable strength, currently trading at $107,083.45, reflecting a solid +2.53% gain. The price surged from a 24-hour low of $102,976.65 to test the resistance at $107,428.75, indicating strong bullish momentum. This rally comes after a sustained upward push, with buyers clearly dominating the market. If the price manages to break and hold above this resistance level, the next key target sits near $112,500.
Key Levels to Watch:
Immediate Resistance: $107,428.75 – A breakout could propel WBTC toward higher resistance near $112,500.
Support Zone: $102,976.65 – Holding above this level is crucial to avoid a correction.
With a 24-hour trading volume of 320.99 WBTC, growing activity suggests continued buyer interest and potential for further gains. Traders should watch for a confirmed breakout above resistance while managing positions carefully during pullbacks. $WBTC ’s bullish surge signals a market heating up—prepare for more upside ahead..
#Write2Earn! #WBTC #MarketNewHype
The $WBTC /USDT pair is showcasing remarkable strength, currently trading at $107,083.45, reflecting a solid +2.53% gain. The price surged from a 24-hour low of $102,976.65 to test the resistance at $107,428.75, indicating strong bullish momentum. This rally comes after a sustained upward push, with buyers clearly dominating the market. If the price manages to break and hold above this resistance level, the next key target sits near $112,500.
Key Levels to Watch:
Immediate Resistance: $107,428.75 – A breakout could propel WBTC toward higher resistance near $112,500.
Support Zone: $102,976.65 – Holding above this level is crucial to avoid a correction.
With a 24-hour trading volume of 320.99 WBTC, growing activity suggests continued buyer interest and potential for further gains. Traders should watch for a confirmed breakout above resistance while managing positions carefully during pullbacks. $WBTC ’s bullish surge signals a market heating up—prepare for more upside ahead..
#Write2Earn! #WBTC #MarketNewHype
$WBTC /USDT Price Update 🚀
📊 Current Price: $105,686.10 (+1.42%)
🔹 24h High: $107,428.75
🔹 24h Low: $102,976.65
📈 Volume (24h):
WBTC: 299.28
USDT: 31.47M
⏳ Performance Highlights:
Today: -0.06%
7 Days: +8.32%
30 Days: +16.08%
90 Days: +74.82%
1 Year: +151.21%
WBTC is holding strong with impressive growth, especially with a 151% increase over the last year. A solid player in the crypto market, it continues to make waves. Is it the right time to invest? 📈
---
#Crypto #WBTC #Binance #BitcoinWrapped #Write2Earn!
📊 Current Price: $105,686.10 (+1.42%)
🔹 24h High: $107,428.75
🔹 24h Low: $102,976.65
📈 Volume (24h):
WBTC: 299.28
USDT: 31.47M
⏳ Performance Highlights:
Today: -0.06%
7 Days: +8.32%
30 Days: +16.08%
90 Days: +74.82%
1 Year: +151.21%
WBTC is holding strong with impressive growth, especially with a 151% increase over the last year. A solid player in the crypto market, it continues to make waves. Is it the right time to invest? 📈
---
#Crypto #WBTC #Binance #BitcoinWrapped #Write2Earn!
🚀 $WBTC /USDT: Bullish Setup with Key Levels to Watch! 📈
Current Price: $105,562.72 (+0.11%)
24H High: $107,428.75 | 24H Low: $102,976.65
🎯 Next Targets for $WBTC /USDT:
1️⃣ Target 1: $106,500 – Immediate Resistance 🎯
2️⃣ Target 2: $107,700 – Retest of 24H High 🚀
3️⃣ Target 3: $110,000 – Extended Upside Potential 📊
Support Levels to Watch:
🔹 Support 1: $103,600 – Short-Term Support
🔹 Support 2: $102,900 – Strong Demand Zone
📌 Trade Insights:
A breakout above $106,500 could drive bullish momentum toward higher resistance levels.
Dips near support zones may present re-entry opportunities with proper risk management.
⚠️ Advice: Lock in profits at resistance targets, and use tight stop-losses to manage downside risk in volatile conditions.
#WBTC #BinanceAirdropsCATandPENGU #MicroStrategyJoinsNasdaq100 #CryptoUsersHit18M #BinanceListsVelodrome
Current Price: $105,562.72 (+0.11%)
24H High: $107,428.75 | 24H Low: $102,976.65
🎯 Next Targets for $WBTC /USDT:
1️⃣ Target 1: $106,500 – Immediate Resistance 🎯
2️⃣ Target 2: $107,700 – Retest of 24H High 🚀
3️⃣ Target 3: $110,000 – Extended Upside Potential 📊
Support Levels to Watch:
🔹 Support 1: $103,600 – Short-Term Support
🔹 Support 2: $102,900 – Strong Demand Zone
📌 Trade Insights:
A breakout above $106,500 could drive bullish momentum toward higher resistance levels.
Dips near support zones may present re-entry opportunities with proper risk management.
⚠️ Advice: Lock in profits at resistance targets, and use tight stop-losses to manage downside risk in volatile conditions.
#WBTC #BinanceAirdropsCATandPENGU #MicroStrategyJoinsNasdaq100 #CryptoUsersHit18M #BinanceListsVelodrome
$WBTC 🦅 $WBTC
📢📢📢
#WBTC is showing bullish momentum with rising EMAs and good trading volume. Resistance near $106,420 is a key level, with support at $102,163. A breakout above the resistance could push prices higher, while a breakdown below support may signal a bearish trend.
#WBTCMovement #BinanceAirdropsCATandPENGU #MarketNewHype
📢📢📢
#WBTC is showing bullish momentum with rising EMAs and good trading volume. Resistance near $106,420 is a key level, with support at $102,163. A breakout above the resistance could push prices higher, while a breakdown below support may signal a bearish trend.
#WBTCMovement #BinanceAirdropsCATandPENGU #MarketNewHype
$WBTC WBTC/USDT Surges Past Resistance – More Upside Ahead?
Current Price: $105,843.73
Entry Zone: $105,500 - $106,200
Targets: $107,000 / $108,500 / $110,000
Stop Loss: Below $104,500
Market Insight:
WBTC is showing strong bullish momentum after bouncing from $102,976.65 and breaking past the $106,000 mark. Sustained buying pressure could push it toward fresh highs. Keep an eye on volume and set stop losses to protect profits.
Hashtags:
#WBTC #CryptoTrading #TradingSignals #CryptoMarket #Binance
Current Price: $105,843.73
Entry Zone: $105,500 - $106,200
Targets: $107,000 / $108,500 / $110,000
Stop Loss: Below $104,500
Market Insight:
WBTC is showing strong bullish momentum after bouncing from $102,976.65 and breaking past the $106,000 mark. Sustained buying pressure could push it toward fresh highs. Keep an eye on volume and set stop losses to protect profits.
Hashtags:
#WBTC #CryptoTrading #TradingSignals #CryptoMarket #Binance
How WBTC Crushed Millions of TRADERS❔ What Actually Happened❓
The cryptocurrency market, known for its volatility, witnessed a historic and shocking event on November 23, 2024. Wrapped Bitcoin ($WBTC), an Ethereum-based token pegged to Bitcoin, experienced a massive price collapse in a matter of seconds, wiping out millions in capital and triggering stop-losses (SLs) across the board. Let’s break down what happened, why it happened, and the aftermath of this extreme move.
What is WBTC?
Wrapped Bitcoin (WBTC) is an ERC-20 token on the Ethereum blockchain that represents Bitcoin (BTC) on a 1:1 basis. It allows Bitcoin holders to participate in Ethereum's DeFi ecosystem, enabling faster transactions and liquidity in decentralized exchanges and lending platforms.
Each WBTC is backed by 1 BTC, held in reserve by custodians.
WBTC allows BTC to interact with smart contracts on Ethereum, creating additional financial opportunities.
However, the event on November 23 raised critical questions about liquidity, leverage, and large market players.
What Actually Happened❓❓
On November 23, 2024, WBTC’s price on Binance experienced an instantaneous crash from approximately $102,000 to around $5,200.
This unprecedented drop, nearly 95%, lasted for only a brief moment. Despite the quick recovery, the impact was catastrophic.
Here’s a breakdown of the event:
1. Initial Price: ~ $102,000.
2. Lowest Point: ~ $5,200.
3. Duration: Just a few seconds.
4. Recovery: WBTC swiftly returned to ~$102,000, but the damage was already done.
Why Did the Price Crash Happen? (The Catalyst: Coinbase Delisting WBTC)
A major event that contributed to the massive movement of WBTC on November 23, 2024, was Coinbase's announcement to delist Wrapped Bitcoin (WBTC). Coinbase stated on November 20 that trading for WBTC would cease by December 19, 2024, due to liquidity concerns. This announcement caused uncertainty in the market, leading to a flash crash where WBTC briefly fell below $6,000 on Binance, representing a nearly 95% drop in value before quickly recovering.
Additionally, the situation was exacerbated by competitive dynamics in the wrapped Bitcoin market. Coinbase introduced its own wrapped Bitcoin variant, cbBTC, creating tensions with WBTC's custodians and partners. There were also criticisms surrounding the lack of a proof-of-reserves process for cbBTC, adding to the market's instability.
Overall, the combination of Coinbase's delisting decision, concerns over liquidity, and rising competition in the wrapped Bitcoin market caused significant volatility for WBTC during this period.
--------------------------------------------------
Impact on Investors And Traders
The WBTC crash had a ripple effect:
Millions of SLs Triggered: Stop-loss orders were executed at abnormally low prices, causing huge losses.
Liquidation of Leveraged Traders: Traders who borrowed heavily on margin saw their positions wiped out.
Washed Out Big Players: Investors with positions at key levels, such as $25,000 and $49,000 (shown on the chart), were caught off-guard.
Key estimates:
Capital Lost: Billions of dollars in liquidations.
SL Levels Triggered: Investors at support levels (~$49,000 and ~$25,000) saw their trades forcibly closed.
How Did This Happen in Seconds❓
The speed of the crash can be attributed to:
Market Leverage: High leverage increases the fragility of the market.
Stop-Loss Chain Reaction: Once key price levels break, automatic sell-offs drive prices lower rapidly.
Lack of Liquidity: Market depth was insufficient to absorb the sell pressure.
Algorithmic Trading: Bots exacerbated the fall as prices plummeted.
The WBTC flash crash on November 23, 2024, serves as a reminder of the risks associated with crypto trading. While the price recovered quickly, millions of retail and institutional investors suffered immense losses. Such events highlight the importance of risk management, avoiding high leverage, and understanding the role of liquidity in trading.
Did WBTC expose the fragility of DeFi or was this a targeted move by big players?
#btc #WBTC #marketcrash #Alert🔴 #NewsAboutCrypto
What is WBTC?
Wrapped Bitcoin (WBTC) is an ERC-20 token on the Ethereum blockchain that represents Bitcoin (BTC) on a 1:1 basis. It allows Bitcoin holders to participate in Ethereum's DeFi ecosystem, enabling faster transactions and liquidity in decentralized exchanges and lending platforms.
Each WBTC is backed by 1 BTC, held in reserve by custodians.
WBTC allows BTC to interact with smart contracts on Ethereum, creating additional financial opportunities.
However, the event on November 23 raised critical questions about liquidity, leverage, and large market players.
What Actually Happened❓❓
On November 23, 2024, WBTC’s price on Binance experienced an instantaneous crash from approximately $102,000 to around $5,200.
This unprecedented drop, nearly 95%, lasted for only a brief moment. Despite the quick recovery, the impact was catastrophic.
Here’s a breakdown of the event:
1. Initial Price: ~ $102,000.
2. Lowest Point: ~ $5,200.
3. Duration: Just a few seconds.
4. Recovery: WBTC swiftly returned to ~$102,000, but the damage was already done.
Why Did the Price Crash Happen? (The Catalyst: Coinbase Delisting WBTC)
A major event that contributed to the massive movement of WBTC on November 23, 2024, was Coinbase's announcement to delist Wrapped Bitcoin (WBTC). Coinbase stated on November 20 that trading for WBTC would cease by December 19, 2024, due to liquidity concerns. This announcement caused uncertainty in the market, leading to a flash crash where WBTC briefly fell below $6,000 on Binance, representing a nearly 95% drop in value before quickly recovering.
Additionally, the situation was exacerbated by competitive dynamics in the wrapped Bitcoin market. Coinbase introduced its own wrapped Bitcoin variant, cbBTC, creating tensions with WBTC's custodians and partners. There were also criticisms surrounding the lack of a proof-of-reserves process for cbBTC, adding to the market's instability.
Overall, the combination of Coinbase's delisting decision, concerns over liquidity, and rising competition in the wrapped Bitcoin market caused significant volatility for WBTC during this period.
--------------------------------------------------
Impact on Investors And Traders
The WBTC crash had a ripple effect:
Millions of SLs Triggered: Stop-loss orders were executed at abnormally low prices, causing huge losses.
Liquidation of Leveraged Traders: Traders who borrowed heavily on margin saw their positions wiped out.
Washed Out Big Players: Investors with positions at key levels, such as $25,000 and $49,000 (shown on the chart), were caught off-guard.
Key estimates:
Capital Lost: Billions of dollars in liquidations.
SL Levels Triggered: Investors at support levels (~$49,000 and ~$25,000) saw their trades forcibly closed.
How Did This Happen in Seconds❓
The speed of the crash can be attributed to:
Market Leverage: High leverage increases the fragility of the market.
Stop-Loss Chain Reaction: Once key price levels break, automatic sell-offs drive prices lower rapidly.
Lack of Liquidity: Market depth was insufficient to absorb the sell pressure.
Algorithmic Trading: Bots exacerbated the fall as prices plummeted.
The WBTC flash crash on November 23, 2024, serves as a reminder of the risks associated with crypto trading. While the price recovered quickly, millions of retail and institutional investors suffered immense losses. Such events highlight the importance of risk management, avoiding high leverage, and understanding the role of liquidity in trading.
Did WBTC expose the fragility of DeFi or was this a targeted move by big players?
#btc #WBTC #marketcrash #Alert🔴 #NewsAboutCrypto
WRAPPED COINS PROTOCOL
*ARTICLE I: DEFINITIONS*
- Wrapped coins: a type of cryptocurrency that represents a tokenized version of another cryptocurrency or asset.
- WBTC: Wrapped Bitcoin, a wrapped version of Bitcoin (BTC) that runs on the Ethereum blockchain.
*ARTICLE II: HISTORY OF WRAPPED COINS*
- Wrapped coins #Write2Earn #WBTC emerged in 2019 with the introduction of WBTC.
- WBTC was created by a consortium of companies, including BitGo, Compound, and MakerDAO.
*ARTICLE III: RATIO AND MINTING PROCESS*
- The ratio of wrapped coins to their underlying asset is typically 1:1.
- The minting process involves sending the underlying asset to a custodian, who then mints an equivalent amount of wrapped coins.
*ARTICLE IV: OTHER WRAPPED COINS*
- Other wrapped coins include Wrapped Ethereum (WETH), Wrapped Litecoin (WLTC), and Wrapped Bitcoin Cash (WBCH).
*ARTICLE V: WHY WRAPPED COINS ARE GAINING ATTENTION NOW*
- Wrapped coins have only recently gained mainstream attention due to their niche audience, complexity, limited availability, regulatory uncertainty, and the growing DeFi ecosystem.
RULE BRAVO
- All wrapped coins must adhere to a 1:1 ratio with their underlying asset.
- All wrapped coins must be minted through a secure and transparent process.
- All wrapped coins must be fully backed by their underlying asset at all times.#
*ARTICLE I: DEFINITIONS*
- Wrapped coins: a type of cryptocurrency that represents a tokenized version of another cryptocurrency or asset.
- WBTC: Wrapped Bitcoin, a wrapped version of Bitcoin (BTC) that runs on the Ethereum blockchain.
*ARTICLE II: HISTORY OF WRAPPED COINS*
- Wrapped coins #Write2Earn #WBTC emerged in 2019 with the introduction of WBTC.
- WBTC was created by a consortium of companies, including BitGo, Compound, and MakerDAO.
*ARTICLE III: RATIO AND MINTING PROCESS*
- The ratio of wrapped coins to their underlying asset is typically 1:1.
- The minting process involves sending the underlying asset to a custodian, who then mints an equivalent amount of wrapped coins.
*ARTICLE IV: OTHER WRAPPED COINS*
- Other wrapped coins include Wrapped Ethereum (WETH), Wrapped Litecoin (WLTC), and Wrapped Bitcoin Cash (WBCH).
*ARTICLE V: WHY WRAPPED COINS ARE GAINING ATTENTION NOW*
- Wrapped coins have only recently gained mainstream attention due to their niche audience, complexity, limited availability, regulatory uncertainty, and the growing DeFi ecosystem.
RULE BRAVO
- All wrapped coins must adhere to a 1:1 ratio with their underlying asset.
- All wrapped coins must be minted through a secure and transparent process.
- All wrapped coins must be fully backed by their underlying asset at all times.#
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Coinpedia
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Paul Grewal Defends Coinbase in $1B Lawsuit Over WBTC Delisting
The post Paul Grewal Defends Coinbase In $1B Lawsuit Over wBTC Delisting appeared first on Coinpedia Fintech News
Recently, Bit Global had filed a lawsuit against Coinbase Global Inc claiming that Coinbase unlawfully delisted its WBTC token so it could promote the rival cbBTC. BiT Global had alleged that Coinbase’s decision to delist wBTC was to promote its own competing product, cbBTC, that caused massive financial losses and deteriorated consumer confidence in wBTC. Coinbase is being sued for over $1 billion by BiT Global Digital
The lawsuit had also alleged that Coinbase’s listings of meme coins and tokens that have “no inherent value” prove that the exchange delisted WBTC in a bid to have a monopoly over the industry. It also restated that delisting WBTC in place of these memecoins proves that the exchange did not follow any defined listing standards.
Paul Grewal Defends
A day after the lawsuit, Coinbase’s CLO, Paul Grewal, defended the exchange’s approach, and emphasized its commitment to high listing standards. He reacted to criticism of the exchange’s token listing and delisting practices after the lawsuit accused the company of anticompetitive behavior regarding Wrapped Bitcoin.
When an asset no longer meets our listing standards, we will drop it. When another asset can meet or exceed market requirements without sacrificing those standards, we will list it. Thank you Bit Global for the chance to show this to a US federal court and on the entire global… https://t.co/OulfJhhrCd
— paulgrewal.eth (@iampaulgrewal) December 13, 2024
“When an asset no longer meets our listing standards, we will drop it. When another asset can meet or exceed market requirements without sacrificing those standards, we will list it,” Grewal stated on X.
Justin Sun Criticises
Grewal’s X post drew backlash from the community, including from Tron founder Justin Sun, who questioned the company’s transparency. He questioned the co-ordination between Grewal’s statement and earlier remarks by Coinbase CEO Brian Armstrong as Brian had stated that the exchange is “asset agnostic” due to its belief that “consumers should have a choice in the crypto economy.”
It seems that Coinbase’s CEO doesn’t agree with your perspective. Who has the final say at Coinbase? pic.twitter.com/sia4TW5SQe
— H.E. Justin Sun (@justinsuntron) December 14, 2024
BiT Global claims Coinbase’s actions were designed to steer market dominance toward cbBTC. The exchange had announced the token delisting on Nov. 19, citing undisclosed failures to meet its standards for listing tokens.
Recently, Bit Global had filed a lawsuit against Coinbase Global Inc claiming that Coinbase unlawfully delisted its WBTC token so it could promote the rival cbBTC. BiT Global had alleged that Coinbase’s decision to delist wBTC was to promote its own competing product, cbBTC, that caused massive financial losses and deteriorated consumer confidence in wBTC. Coinbase is being sued for over $1 billion by BiT Global Digital
The lawsuit had also alleged that Coinbase’s listings of meme coins and tokens that have “no inherent value” prove that the exchange delisted WBTC in a bid to have a monopoly over the industry. It also restated that delisting WBTC in place of these memecoins proves that the exchange did not follow any defined listing standards.
Paul Grewal Defends
A day after the lawsuit, Coinbase’s CLO, Paul Grewal, defended the exchange’s approach, and emphasized its commitment to high listing standards. He reacted to criticism of the exchange’s token listing and delisting practices after the lawsuit accused the company of anticompetitive behavior regarding Wrapped Bitcoin.
When an asset no longer meets our listing standards, we will drop it. When another asset can meet or exceed market requirements without sacrificing those standards, we will list it. Thank you Bit Global for the chance to show this to a US federal court and on the entire global… https://t.co/OulfJhhrCd
— paulgrewal.eth (@iampaulgrewal) December 13, 2024
“When an asset no longer meets our listing standards, we will drop it. When another asset can meet or exceed market requirements without sacrificing those standards, we will list it,” Grewal stated on X.
Justin Sun Criticises
Grewal’s X post drew backlash from the community, including from Tron founder Justin Sun, who questioned the company’s transparency. He questioned the co-ordination between Grewal’s statement and earlier remarks by Coinbase CEO Brian Armstrong as Brian had stated that the exchange is “asset agnostic” due to its belief that “consumers should have a choice in the crypto economy.”
It seems that Coinbase’s CEO doesn’t agree with your perspective. Who has the final say at Coinbase? pic.twitter.com/sia4TW5SQe
— H.E. Justin Sun (@justinsuntron) December 14, 2024
BiT Global claims Coinbase’s actions were designed to steer market dominance toward cbBTC. The exchange had announced the token delisting on Nov. 19, citing undisclosed failures to meet its standards for listing tokens.
🚨 $WBTC
Eyes Key Resistance Amidst Momentum! 🚨
$WBTC is trading at $100,087.63, up 2.00%, as it hovers near significant resistance after rebounding from its recent low of $91,041.20. The price is now testing critical levels with potential for a breakout.
💡 Key Levels to Watch:
Resistance: $101,632.90 – A breakout above this 24-hour high could pave the way for a rally toward $103,500+.
Support: $98,774.17 – Holding above this EMA (25) is crucial to maintain bullish sentiment. A drop below may lead to a test of $96,910.64.
📈 Bullish Scenario: If can break through $101,632.90, the next targets could be $103,500, $105,000, and beyond.
📉 Bearish Scenario: Failure to hold $98,774.17 could see retrace toward $96,910.64 or further to test $94,990.53.
📌 Trade Setup:
Entry: Around $100,087.63
Take Profit Targets: $101,632.90, $103,500, $105,000
Stop Loss: Below $96,910.64
Monitor closely as $WBTC approaches its next move!
#WBTC #CryptoTrading #Binance #Share1BNBDaily #Write2Earn
Eyes Key Resistance Amidst Momentum! 🚨
$WBTC is trading at $100,087.63, up 2.00%, as it hovers near significant resistance after rebounding from its recent low of $91,041.20. The price is now testing critical levels with potential for a breakout.
💡 Key Levels to Watch:
Resistance: $101,632.90 – A breakout above this 24-hour high could pave the way for a rally toward $103,500+.
Support: $98,774.17 – Holding above this EMA (25) is crucial to maintain bullish sentiment. A drop below may lead to a test of $96,910.64.
📈 Bullish Scenario: If can break through $101,632.90, the next targets could be $103,500, $105,000, and beyond.
📉 Bearish Scenario: Failure to hold $98,774.17 could see retrace toward $96,910.64 or further to test $94,990.53.
📌 Trade Setup:
Entry: Around $100,087.63
Take Profit Targets: $101,632.90, $103,500, $105,000
Stop Loss: Below $96,910.64
Monitor closely as $WBTC approaches its next move!
#WBTC #CryptoTrading #Binance #Share1BNBDaily #Write2Earn
Crypto Market Overview: BTC, WBTC, and VIC
The latest data shows promising growth in key cryptocurrencies. Bitcoin ($BTC ), Wrapped Bitcoin ($WBTC ), and $VIC tokens have exhibited upward momentum, with notable percentage gains over the observed period.
---
1. Key Market Performances
Bitcoin (BTC):
Price: $100,887.40
Change: +3.73%
Signal: Bullish. A significant move above the $100,000 mark highlights strong market confidence.
Wrapped Bitcoin (WBTC):
Price: $100,571.85
Change: +3.55%
Signal: Bullish. Its price parity with BTC and steady growth suggests increasing adoption in DeFi applications.
VIC Token:
Price: $0.4847
Change: +3.77%
Signal: Bullish. Although a smaller market cap asset, its percentage gain aligns with positive sentiment.
---
2. Trading Signals
Market Outlook: The market is bullish, with both BTC and WBTC breaching key psychological thresholds. This signals strong investor confidence and potential upward trends.
Recommendation:
For BTC and WBTC, long positions may yield returns as the bullish trend continues.
VIC tokens show momentum for short-term speculative gains.
---
3. Closing Thoughts
The cryptocurrency market's latest rally reflects robust interest and high liquidity. These assets may continue to gain traction if market conditions persist.
#CryptoSignals #Bitcoin #WBTC #CryptoTrading #BullishMarket
---
1. Key Market Performances
Bitcoin (BTC):
Price: $100,887.40
Change: +3.73%
Signal: Bullish. A significant move above the $100,000 mark highlights strong market confidence.
Wrapped Bitcoin (WBTC):
Price: $100,571.85
Change: +3.55%
Signal: Bullish. Its price parity with BTC and steady growth suggests increasing adoption in DeFi applications.
VIC Token:
Price: $0.4847
Change: +3.77%
Signal: Bullish. Although a smaller market cap asset, its percentage gain aligns with positive sentiment.
---
2. Trading Signals
Market Outlook: The market is bullish, with both BTC and WBTC breaching key psychological thresholds. This signals strong investor confidence and potential upward trends.
Recommendation:
For BTC and WBTC, long positions may yield returns as the bullish trend continues.
VIC tokens show momentum for short-term speculative gains.
---
3. Closing Thoughts
The cryptocurrency market's latest rally reflects robust interest and high liquidity. These assets may continue to gain traction if market conditions persist.
#CryptoSignals #Bitcoin #WBTC #CryptoTrading #BullishMarket
$WBTC /USDT: Bitcoin in Wrapped Form
$WBTC
Current Price: $97,779.90 (+0.22%)
24h High: $100,176.96
24h Low: $94,004.70
Volume Activity:
24h Volume (WBTC): 212.17
24h Volume (USDT): $20.62M
Moving Averages Insight:
MA (7): $97,538.44
MA (25): $97,355.31
MA (99): $97,248.11
Market Overview:
WBTC is holding steady, testing the $98,000 resistance zone. A breakout above $100,000 could spark bullish continuation, while $94,000 acts as a firm support level.
Key Target Zones:
Upside: $100,500-$102,000
Support: $94,000-$95,000
Is this the calm before a breakout, or consolidation for a deeper move? Stay sharp!
#WBTC #BinanceTrading #CryptoTrends #Bitcoin #Write2Earn! $WBTC
$WBTC
Current Price: $97,779.90 (+0.22%)
24h High: $100,176.96
24h Low: $94,004.70
Volume Activity:
24h Volume (WBTC): 212.17
24h Volume (USDT): $20.62M
Moving Averages Insight:
MA (7): $97,538.44
MA (25): $97,355.31
MA (99): $97,248.11
Market Overview:
WBTC is holding steady, testing the $98,000 resistance zone. A breakout above $100,000 could spark bullish continuation, while $94,000 acts as a firm support level.
Key Target Zones:
Upside: $100,500-$102,000
Support: $94,000-$95,000
Is this the calm before a breakout, or consolidation for a deeper move? Stay sharp!
#WBTC #BinanceTrading #CryptoTrends #Bitcoin #Write2Earn! $WBTC
WBTC Price Analysis and Prediction 📉📈
Current Market Overview 🔍
Wrapped Bitcoin (WBTC) is a tokenized version of Bitcoin on the Ethereum blockchain. Its price generally mirrors Bitcoin’s since 1 WBTC = 1 BTC, but it can exhibit unique movements based on market conditions and DeFi demand.
Bitcoin’s Influence 🪙: The price of WBTC is closely tied to Bitcoin’s fluctuations. When Bitcoin rises 🚀, WBTC tends to follow, benefiting from the increased market sentiment. If Bitcoin faces a correction 🐻, WBTC is likely to decrease in price as well.
DeFi Adoption 💡: As more decentralized finance (DeFi) projects adopt WBTC, its utility increases. This could lead to greater demand for WBTC as liquidity in DeFi protocols expands. More usage = more value 📈.
Supply and Demand ⚖️: The supply of WBTC is based on Bitcoin, and increased demand to wrap BTC for DeFi can push the price up. Conversely, a downturn in Bitcoin’s price may reduce WBTC’s demand and lead to price declines.
Price Prediction 🔮
1. Short-term (1-3 months): If Bitcoin enters a bullish phase 🚀, WBTC could rise by 5-10%. However, a market correction 🐻 could lead to a decline of 5-7%.
2. Medium-term (6 months): If DeFi adoption grows 📊, WBTC could see gradual increases. A stable Bitcoin price would keep WBTC prices stable.
3. Long-term (1 year+): WBTC could benefit from growing DeFi adoption, rising in line with Bitcoin’s price if demand continues to rise 📈.#WBTC $WBTC
Current Market Overview 🔍
Wrapped Bitcoin (WBTC) is a tokenized version of Bitcoin on the Ethereum blockchain. Its price generally mirrors Bitcoin’s since 1 WBTC = 1 BTC, but it can exhibit unique movements based on market conditions and DeFi demand.
Bitcoin’s Influence 🪙: The price of WBTC is closely tied to Bitcoin’s fluctuations. When Bitcoin rises 🚀, WBTC tends to follow, benefiting from the increased market sentiment. If Bitcoin faces a correction 🐻, WBTC is likely to decrease in price as well.
DeFi Adoption 💡: As more decentralized finance (DeFi) projects adopt WBTC, its utility increases. This could lead to greater demand for WBTC as liquidity in DeFi protocols expands. More usage = more value 📈.
Supply and Demand ⚖️: The supply of WBTC is based on Bitcoin, and increased demand to wrap BTC for DeFi can push the price up. Conversely, a downturn in Bitcoin’s price may reduce WBTC’s demand and lead to price declines.
Price Prediction 🔮
1. Short-term (1-3 months): If Bitcoin enters a bullish phase 🚀, WBTC could rise by 5-10%. However, a market correction 🐻 could lead to a decline of 5-7%.
2. Medium-term (6 months): If DeFi adoption grows 📊, WBTC could see gradual increases. A stable Bitcoin price would keep WBTC prices stable.
3. Long-term (1 year+): WBTC could benefit from growing DeFi adoption, rising in line with Bitcoin’s price if demand continues to rise 📈.#WBTC $WBTC
💰 $WBTC /USDT Update 📉
📊 Price: $95,383.46 (-3.63%)
📈 24h High: $100,176.96
📉 24h Low: N/A
🔍 24h Trading Volume:
224.10 $WBTC
$21.88M USDT
📅 Performance:
7 Days: -2.23%
30 Days: -0.04%
1 Year: +117.92%
WBTC has seen a slight dip but remains strong in the long term. Start trading now on Binance! 🌟
#WBTC #CryptoTradin #Bitcoin #BinanceUpdates #Write2Earn! $WBTC
📊 Price: $95,383.46 (-3.63%)
📈 24h High: $100,176.96
📉 24h Low: N/A
🔍 24h Trading Volume:
224.10 $WBTC
$21.88M USDT
📅 Performance:
7 Days: -2.23%
30 Days: -0.04%
1 Year: +117.92%
WBTC has seen a slight dip but remains strong in the long term. Start trading now on Binance! 🌟
#WBTC #CryptoTradin #Bitcoin #BinanceUpdates #Write2Earn! $WBTC
🚀 $WBTC
Market Update 🌟
💰 Current Price: $97,808.89
📉 24h Change: -1.55%
🌐 Trading Volume:
WBTC: 220.50
USDT: $21.56M
📊 24h Range:
High: $100,176.96
Low: $94,004.70
⏳ Timeframes to Watch:
15m | 1h | 4h | 1D
📈 Market Depth Insights:
Buy Side Support: $95,291.57
Sell Resistance: $98,271.68
🔥 WBTC's Minor Dip: After a 1.55% dip, can WBTC climb back towards $100K or will it test support near $94,004?
🚀 Trade WBTC/USDT on Binance—Stay ahead in the Bitcoin-backed token market!
#WBTC #Bitcoin #CryptoGains #Binance #Crypto
Market Update 🌟
💰 Current Price: $97,808.89
📉 24h Change: -1.55%
🌐 Trading Volume:
WBTC: 220.50
USDT: $21.56M
📊 24h Range:
High: $100,176.96
Low: $94,004.70
⏳ Timeframes to Watch:
15m | 1h | 4h | 1D
📈 Market Depth Insights:
Buy Side Support: $95,291.57
Sell Resistance: $98,271.68
🔥 WBTC's Minor Dip: After a 1.55% dip, can WBTC climb back towards $100K or will it test support near $94,004?
🚀 Trade WBTC/USDT on Binance—Stay ahead in the Bitcoin-backed token market!
#WBTC #Bitcoin #CryptoGains #Binance #Crypto
Massive Crypto Buys Using Borrowed Stablecoins!
A whale is making big moves, borrowing #Stablecoins from #AAVE and #Compound to scoop up major assets like ETH, WBTC, and LINK!
In the last 24 hours, this whale has purchased 200 #WBTC (worth $13.13M), 2,000 ETH (worth $5.26M), and 79,999 #LINK (worth $898K).
Address: 0x3c9Ea5C4Fec2A77E23Dd82539f4414266Fe8f757
This bold strategy could signal something huge coming in the market! Keep an eye on this one. 👀
$ETH $WBTC $LINK
A whale is making big moves, borrowing #Stablecoins from #AAVE and #Compound to scoop up major assets like ETH, WBTC, and LINK!
In the last 24 hours, this whale has purchased 200 #WBTC (worth $13.13M), 2,000 ETH (worth $5.26M), and 79,999 #LINK (worth $898K).
Address: 0x3c9Ea5C4Fec2A77E23Dd82539f4414266Fe8f757
This bold strategy could signal something huge coming in the market! Keep an eye on this one. 👀
$ETH $WBTC $LINK
See original
#杰克逊霍尔年会 BTC and ETH joined hands to pull up, and then entered the callback stage. The magnitude of ETH's correction is limited, showing its strong resilience; although BTC's correction is significant, the overall pattern has not changed, and the market outlook is still positive. It is worth noting that ETH performed significantly better than BTC today, continuing yesterday's upward trend led by Jin Chanzi, while BTC showed slight weakness.
On the other hand, Jinchanzi did not show a strong rise today. Instead, it turned into a volatile downward channel after rising at night, and the market sentiment became cautious. Looking forward to next week, the intensive news may inject new vitality into the market. Investors need to pay close attention to market dynamics and respond flexibly.
If you like to collect spot contracts, Junyang is a cornucopia. You can find this 👉@Square-Creator-38f0acad4
Still the same sentence🍜Picture🈶Wealth password
#美国CPI数据连续第4个月回落 #新币挖矿TON #美国7月PPI低于预期 #WBTC
On the other hand, Jinchanzi did not show a strong rise today. Instead, it turned into a volatile downward channel after rising at night, and the market sentiment became cautious. Looking forward to next week, the intensive news may inject new vitality into the market. Investors need to pay close attention to market dynamics and respond flexibly.
If you like to collect spot contracts, Junyang is a cornucopia. You can find this 👉@Square-Creator-38f0acad4
Still the same sentence🍜Picture🈶Wealth password
#美国CPI数据连续第4个月回落 #新币挖矿TON #美国7月PPI低于预期 #WBTC
Mysterious New Wallet Drains $93 Million in WBTC from Binance
A newly created cryptocurrency wallet has raised eyebrows after swiftly withdrawing a staggering 1,606 WBTC (worth approximately $93.36 million) from Binance within just two days of its creation.
The wallet, with the address 0xbE6d2444a717767544a8b0Ba77833AA6519D81cD, has become the subject of intense scrutiny within the crypto community. The rapid accumulation of such a substantial amount of WBTC in such a short period has sparked speculation about the wallet's owner and the intended purpose of these funds.
#WBTC $WBTC #eyeonchain
A newly created cryptocurrency wallet has raised eyebrows after swiftly withdrawing a staggering 1,606 WBTC (worth approximately $93.36 million) from Binance within just two days of its creation.
The wallet, with the address 0xbE6d2444a717767544a8b0Ba77833AA6519D81cD, has become the subject of intense scrutiny within the crypto community. The rapid accumulation of such a substantial amount of WBTC in such a short period has sparked speculation about the wallet's owner and the intended purpose of these funds.
#WBTC $WBTC #eyeonchain
🚨 Threshold Proposes Merger with WBTC to Prevent Takeover by Justin Sun 🚨
The DeFi protocol Threshold has proposed a merger between its Bitcoin wrapper token, tBTC, and Wrapped Bitcoin (WBTC) in response to concerns about a potential takeover by the controversial crypto figure Justin Sun. The proposal, introduced on August 29, aims to protect WBTC from the perceived risks associated with Sun's involvement following BitGo's recent partnership with BiT Global.
Threshold's plan would replace WBTC’s centralized custody model with a decentralized one, managed by the Threshold DAO. This would ensure more secure and transparent management of WBTC. The proposal also includes deprecating tBTC, allowing holders to redeem their tokens 1:1 for WBTC or native BTC.
The involvement of Justin Sun, known for his controversial projects, has raised alarms within the crypto community, particularly regarding the security and transparency of WBTC reserves. MakerDAO is also considering restricting the use of WBTC as collateral for its DAI stablecoin due to these concerns.
#WBTC #JustinSun #CryptoNews #Threshold #Bitcoin
The DeFi protocol Threshold has proposed a merger between its Bitcoin wrapper token, tBTC, and Wrapped Bitcoin (WBTC) in response to concerns about a potential takeover by the controversial crypto figure Justin Sun. The proposal, introduced on August 29, aims to protect WBTC from the perceived risks associated with Sun's involvement following BitGo's recent partnership with BiT Global.
Threshold's plan would replace WBTC’s centralized custody model with a decentralized one, managed by the Threshold DAO. This would ensure more secure and transparent management of WBTC. The proposal also includes deprecating tBTC, allowing holders to redeem their tokens 1:1 for WBTC or native BTC.
The involvement of Justin Sun, known for his controversial projects, has raised alarms within the crypto community, particularly regarding the security and transparency of WBTC reserves. MakerDAO is also considering restricting the use of WBTC as collateral for its DAI stablecoin due to these concerns.
#WBTC #JustinSun #CryptoNews #Threshold #Bitcoin