BTCvc Reaches New Heights with ₹6B Market Cap

BTCvc is a Bitcoin-backed token that allows users to maintain exposure to Bitcoin while participating in approved strategies. The token is minted against native Bitcoin deposited by users, which is held with a qualified institutional custodian. BTCvc enables holders to benefit from strategy-generated rewards without rebasing.

The redemption process for BTCvc involves holding the token for an applicable lock-up period, after which it can be redeemed for the corresponding native Bitcoin through the Coinbase platform.

According to the latest data, the current market cap of BTCvc is ₹0.00, with a diluted valuation of ₹4.55B and a total supply of 755 BTCVC. The all-time high price of BTCvc was ₹6,030,889.07, while the trading volume over the last 24 hours stands at ₹6.033K.