Multichain Wallet Phantom Adds Support for Bitcoin, Ordinals, and BRC-20 Tokens
Multichain cryptocurrency wallet Phantom has expanded its services to include support for Bitcoin, Ordinals, and BRC-20 tokens. In a recent blog post, Phantom announced that these new features are now available in beta, allowing users to trade and transfer these assets. The update includes full Bitcoin support, address management options, and transaction overviews, enhancing the wallet’s utility for these digital currencies.
Phantom Launches Bitcoin Trading with Multiple Features
The upgrade brings several key features to the wallet. Users can now switch between Taproot and Native Segwit addresses as needed. The update also provides detailed transaction overviews, displaying important information like estimated time of arrival and potential balance changes. Additionally, Bitcoin values can be converted to USD for better clarity. Phantom plans to add more Bitcoin-friendly features in the future, such as Ledger support and custom gas fees.
Bitcoin Prices Surge Amid Pending ETF Approval
In the past 24 hours, the price of Bitcoin briefly surpassed $44,000 and is currently trading at $43,778 (up 2.23% according to CoinMarketCap). This surge may be attributed to the anticipation of spot Bitcoin exchange-traded fund (ETF) approvals by the Securities and Exchange Commission (SEC). Galaxy Digital CEO Michael Novogratz predicts that the ETF application will be approved by January 10, 2024.
Hot Take: Phantom Wallet Expands Support for Major Cryptocurrencies
Phantom’s decision to add support for Bitcoin, Ordinals, and BRC-20 tokens demonstrates its commitment to flexibility and interoperability as a cross-chain wallet. By broadening its range of supported cryptocurrencies, Phantom aims to make crypto trading and storage more accessible to users. The addition of Bitcoin trading and various features enhances the utility of the wallet, providing users with more options and convenience. As the cryptocurrency market continues to evolve, wallets like Phantom play a crucial role in facilitating secure and efficient digital asset management.
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