Crypto
Circle Wrapped BTC Surpasses $63M Market Cap with 1:1 Bitcoin Backing
Circle Wrapped BTC (CIRBTC) is a token that unlocks utility for institutional markets by being backed 1:1 by Bitcoin, which can be readily verified on-chain.
The total supply of CIRBTC tokens is $785.75 million, with the same amount in circulation as there are no tokens yet to be created or removed from existence.
The market capitalization of CIRBTC is currently at $63.78 million, with an all-time high price of $81,231 and an all-time low of $75,283.
The token's FDV (Fully Diluted Valuation) is also calculated as the current price multiplied by the max supply, resulting in a projection of total market cap if all tokens were in circulation.