Wrapped Bitcoin Reaches $400 Quadrillion Market Cap on CMC

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By Alex Dovbnya

Thu, 14/01/2021 - 16:12

Bitcoin gets toppled by its synthetic version as a result of a CoinMarketCap glitch

Wrapped Bitcoin Reaches $400 Quadrillion Market Cap on CMC

As a result of an apparent glitch, Wrapped Bitcoin (wBTC), the largest synthetic version of the top cryptocurrency, is now worth over $400 quadrillion on CoinMarketCap.

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In reality, wBTC only has a market cap of $4.3 billion. While undoubtedly impressive, it's not even enough to crack into the top 10, let alone topple Bitcoin.

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