Bitcoin
Other · Majors · BTC
Bitcoin is the first and largest cryptocurrency, secured by proof-of-work. BTC functions primarily as a store of value and macro risk asset; in DeFi it circulates via wrapped and bridged representations. On CanHav, BTC is a first-class major with a GMX-verified perp market on Arbitrum Sepolia.
The original cryptocurrency and largest digital store of value.
Market Cap
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+2.1% 24h
Latest data · 15 min delay
Risks identified
- Market
BTC remains a volatile risk asset despite its size; multi-week drawdowns of 20-50% recur across cycles. Leveraged exposure (e.g. GMX perps) amplifies moves and liquidation risk.
- Counterparty
On EVM chains BTC exposure is synthetic or custodial (WBTC, tBTC, index tokens): holders carry bridge, custodian, or oracle risk on top of BTC price risk. GMX's Sepolia BTC market uses a test BTC token priced by GMX oracles.