The current real-time price of BTC.B is $87,901. In the past 24 hours, BTC.B has traded between $87,762 and $90,212, showing strong market activity. The all-time high of BTC.B is $125.862K, and the all-time low is $7,806.11.
From a short-term perspective, the price change of BTC.B over the past 1 hour is , over the past 24 hours is +0.10%, and over the past 7 days is -1.05%. These figures provide a quick overview of the latest price trends and market dynamics of BTC.B on LBank.+2.16%
The live price of BTC.B today is $87,901, with a current market cap of $332.402M. The 24-hour trading volume is 15M. The price of BTC.B to USD is updated in real time.
Before deciding whether to buy or sell BTC.B, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s BTC.B technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for BTC.B.
How much will BTC.B be worth tomorrow, next week, or next month in ? What about your BTC.B assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! BTC.B Price Prediction
To learn more about BTC.B, consider exploring other resources such as the whitepaper, official website, and other published information:
BTC.b is a wrapped version of Bitcoin operating on the Avalanche network. It represents native Bitcoin on the Avalanche C-chain, allowing users to utilize Bitcoin's value within the Avalanche ecosystem for various Web3 applications and DeFi protocols. The ".b" suffix indicates its origin from the Bitcoin network via a bridge.
BTC.b is created through a bridging process where native Bitcoin is locked on the Bitcoin blockchain, and an equivalent amount of BTC.b is minted on Avalanche. This is facilitated by the Avalanche Bridge, which uses LayerZero's Omnichain Fungible Token (OFT) standard and Intel SGX technology for security. Each BTC.b token is fully backed 1:1 by locked Bitcoin.
To obtain BTC.b, users can bridge their Bitcoin to the Avalanche network using the Core Wallet extension. This involves sending Bitcoin to a specified bridge address, where it's secured in an SGX enclave. The equivalent BTC.b is then minted on Avalanche to the user's wallet. It's essential to use the official Avalanche Bridge UI for this process.
When moving BTC.b from Avalanche back to Bitcoin, users send a transaction on Avalanche that calls the "unwrap" method of the BTC.b contract, which burns the tokens. Bridge Nodes process this, and the equivalent amount of native BTC is then sent to the user's wallet on the Bitcoin network.
BTC.b offers a more decentralized approach, allowing Bitcoin interaction within Avalanche without relying on centralized entities for custody. It uses decentralized bridges and LayerZero for cross-chain interactions. In contrast, WBTC is more centralized, requiring trust in custodians who control the minting and burning processes.
BTC.b enables users to access Bitcoin's value within the Avalanche ecosystem, participating in Web3 applications, Decentralized Finance (DeFi) platforms, games, and NFT marketplaces. It allows for earning yield on idle BTC holdings through lending and market-making platforms, cross-chain trading, and arbitrage opportunities.
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