The Avalanche Bridge, launched last August, has facilitated over $50B in transfers between Avalanche and Ethereum. Today, the Ava Labs team has added support for the Bitcoin network. Users are now able to transfer Bitcoin to Avalanche C-Chain with in a cheap, seamless manner without having to go through Ethereum. We plan to enable wide adoption of BTC.b across the Avalanche and other ecosystems.
Full press release: https://medium.com/avalancheavax/avalanche-bridge-adds-native-bitcoin-support-6306236fb506
Support articles: https://support.avax.network/en/articles/6081464-core-extension-how-do-i-bridge-bitcoin-btc
Bitcoin Avalanche Bridged (BTC.b) Price Analysis
As of September 8 2024 Bitcoin Avalanche Bridged (BTC.b) has a marketcap of $289M.
This is {{percentagefromath}} from its all time high of $74.554K.
In terms of its tokenomics, there's a total supply of 5.3K with 100% currently outstanding.
Keep in mind Bitcoin Avalanche Bridged (BTC.b) has a fully diluted value of $289M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
