TBTC TBTC / INIT Crypto

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Asset TBTC / INIT

Latest Price 800,795.1

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Volatility % 8.27%

Win Rate % 55.7%

CAGR % +776.17%

Best Day % +60.38%

Worst Day % -33.66%

Max Drawdown % -52.18%

Period High 1,164,481.44

Period Low 77,960.83

From High % -31.2%

From Low % +927.2%

Sharpe Ratio 0.11

Days >Avg % 46.9%

Price Chart Percentage Gains

The price chart compares the percentage returns for each asset in the given time period. Each starts out at 0% at the x axis left most position.

Price Overlay ChartPercentage Gains

The overlay price chart displays the price movements of each asset over the selected period, using individual y-axes for each. This allows for an easy comparison of assets with different magnitudes, making it great for identifying correlations.

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What is TBTC?

This digital asset aims to bridge the gap between traditional finance and decentralized technologies. It is designed to represent a real-world asset, specifically Bitcoin, within a blockchain ecosystem. Its core technology leverages smart contracts on a compatible blockchain to create tokens that are backed 1:1 by actual Bitcoin held in custody. This process ensures that each token's value is directly tied to the underlying Bitcoin, offering a way to utilize Bitcoin's value without directly holding or transacting with it on its native chain. The primary use case is to bring Bitcoin's liquidity and market capitalization to other blockchain networks, enabling its use in decentralized finance (DeFi) applications, such as lending, borrowing, and trading on various decentralized exchanges. This integration allows Bitcoin holders to earn yield or participate in DeFi protocols without selling their Bitcoin. The consensus mechanism of the network supporting TBTC depends on the underlying blockchain it is built upon, often utilizing robust and established protocols like Proof-of-Stake. The problem it seeks to solve is the inherent illiquidity and limited interoperability of Bitcoin within the broader DeFi landscape, offering a more flexible and integrated approach to asset management.

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TBTC: Kraken

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