Wrapped Bitcoin Reaches $400 Quadrillion Market Cap on CMC

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By Alex Dovbnya

Thu, 14/01/2021 - 16:12

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.

Fri, 05/29/2020 - 15:40

CoinMarketCap Upgrades Ranking System for Cryptocurrency Trading Pairs. Here's What's New

This is not the first time that CoinMarketCap sparked confusion within the cryptocurrency community. In September 2019, the most visited cryptocurrency website in the world also briefly showed that Bitcoin was worth $0, triggering a string of absolutely terrifying alerts.