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Wrapped Bitcoin price

Wrapped Bitcoin priceWBTC

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Price of Wrapped Bitcoin today

The live price of Wrapped Bitcoin is $95,042.38 per (WBTC / USD) today with a current market cap of $12.74B USD. The 24-hour trading volume is $208.40M USD. WBTC to USD price is updated in real time. Wrapped Bitcoin is -1.78% in the last 24 hours. It has a circulating supply of 134,015.92 .

What is the highest price of WBTC?

WBTC has an all-time high (ATH) of $107,463.99, recorded on 2024-12-17.

What is the lowest price of WBTC?

WBTC has an all-time low (ATL) of $3,330.12, recorded on 2019-02-06.
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Wrapped Bitcoin price prediction

What will the price of WBTC be in 2025?

Based on WBTC's historical price performance prediction model, the price of WBTC is projected to reach $99,497.6 in 2025.

What will the price of WBTC be in 2030?

In 2030, the WBTC price is expected to change by +6.00%. By the end of 2030, the WBTC price is projected to reach $131,357.61, with a cumulative ROI of +35.47%.

Wrapped Bitcoin price history (USD)

The price of Wrapped Bitcoin is +116.94% over the last year. The highest price of WBTC in USD in the last year was $107,463.99 and the lowest price of WBTC in USD in the last year was $38,520.48.
TimePrice change (%)Price change (%)Lowest priceThe lowest price of {0} in the corresponding time period.Highest price Highest price
24h-1.78%$94,285.73$97,013.7
7d-7.82%$92,173.55$107,463.99
30d-3.70%$90,907.23$107,463.99
90d+50.27%$59,001.21$107,463.99
1y+116.94%$38,520.48$107,463.99
All-time+2618.90%$3,330.12(2019-02-06, 5 years ago )$107,463.99(2024-12-17, 6 days ago )

Wrapped Bitcoin market information

Market cap
$12,737,192,230.41
-1.78%
Fully diluted market cap
$12,737,192,230.41
-1.78%
Volume (24h)
$208,399,894.31
-19.81%
Market rankings
Circulation rate
100.00%
24h volume / market cap
1.63%
Circulating supply
134,015.92 WBTC
Total supply / Max supply
134,015.92 WBTC
-- WBTC
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Wrapped Bitcoin ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

About Wrapped Bitcoin (WBTC)

What Is Wrapped Bitcoin?

Wrapped Bitcoin (WBTC) is a tokenized version of Bitcoin on Ethereum. It represents Bitcoin in a 1:1 ratio, where each WBTC token is backed by an equal amount of Bitcoin held in reserve by custodians. These custodians are reputable entities responsible for safeguarding the underlying Bitcoin and minting new WBTC tokens when users deposit Bitcoin, and more.

The primary purpose of WBTC is to enable Bitcoin holders to access the world of DeFi. Since Ethereum has become more popular in decentralized finance, a significant portion of DeFi applications, protocols, and services are built on its blockchain. By wrapping Bitcoin in an ERC-20 token format, it becomes compatible with the Ethereum network, opening up a multitude of possibilities for the holders.

Resources

Whitepaper: https://www.wbtc.network/assets/wrapped-tokens-whitepaper.pdf

Official website: https://wbtc.network

How does Wrapped Bitcoin work?

The process of obtaining Wrapped Bitcoin is relatively straightforward. Users who wish to access DeFi services using their Bitcoin start by depositing their BTC into a designated custodial address. These custodians are reputable and audited entities responsible for holding the Bitcoin reserves in a secure and transparent manner.

Once the Bitcoin is verified and confirmed, an equivalent amount of WBTC is minted and issued to the user's Ethereum address. This WBTC is now fungible and can be seamlessly traded, lent, borrowed, and utilized within various DeFi protocols. It retains its one-to-one peg with the original Bitcoin, which ensures that WBTC holders can always redeem it for the same amount of Bitcoin as the reserve.

The interoperability of WBTC with Ethereum's smart contracts empowers users to access a diverse range of decentralized financial products, including decentralized exchanges, lending platforms, yield farming, and more, while still benefiting from Bitcoin's underlying value and security.

What Determines Wrapped Bitcoin's Price?

The wrapped Bitcoin price (WBTC price today) is influenced by various factors, primarily dictated by its peg to Bitcoin (BTC). WBTC is an ERC-20 token on the Ethereum blockchain, backed one-to-one with Bitcoin. Consequently, the current WBTC price often mirrors its underlying asset, Bitcoin. In other words, the real-time wrapped Bitcoin price and the BTC/USD exchange rate are closely tied. The WBTC/USD exchange rate is highly dependent on the BTC/USD exchange rate. Additionally, the WBTC market cap—a reflection of the total value of all WBTC tokens in circulation—plays a crucial role in determining WBTC price stability.

You can explore the WBTC price history through the Wrapped Bitcoin price chart, which usually shows a strong correlation with Bitcoin's price movements. However, the WBTC trading price isn't solely influenced by the Bitcoin to USD rate. Other factors like liquidity, demand in decentralized finance (DeFi) platforms, and overall market sentiment in the cryptocurrency sphere also play a role. WBTC price analysis often includes considerations like its utility in DeFi lending platforms, derivatives platforms, and decentralized exchanges (DEXs). Live WBTC price updates and WBTC price forecast models are also shaped by the regulatory landscape and any significant crypto market news.

The creation (minting) and destruction (burning) of WBTC tokens are managed by a decentralized autonomous organization (DAO). This organization involves various merchants and custodians, ensuring that WBTC price live updates reflect the actual BTC reserves, thereby adding another layer of trust and stability to the WBTC exchange rate.

So, if you find yourself asking, "How much is wrapped Bitcoin?", the answer usually lies in its peg to Bitcoin, its utility in Ethereum-based DeFi ecosystems, and broader market conditions. Whether you're looking at the WBTC price in EUR, GBP, or any other currency, these key factors will guide you in understanding the price of wrapped Bitcoin.

Conclusion

In conclusion, Wrapped Bitcoin has revolutionized the cryptocurrency landscape by enabling Bitcoin holders to tap into the vast potential of DeFi without relinquishing ownership of their valuable BTC. Its seamless integration with the Ethereum ecosystem has brought new opportunities for both Bitcoin and DeFi enthusiasts, fostering further collaboration between the two worlds.

It's important to note that like any other cryptocurrencies, Wrapped Bitcoin carries its own risks and it's always wise to do your own research and exercise caution while investing.

Wrapped Bitcoin Social Data

In the last 24 hours, the social media sentiment score for Wrapped Bitcoin was 3, and the social media sentiment towards Wrapped Bitcoin price trend was Bullish. The overall Wrapped Bitcoin social media score was 0, which ranks 663 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Wrapped Bitcoin being mentioned with a frequency ratio of 0.01%, ranking 451 among all cryptocurrencies.

In the last 24 hours, there were a total of 285 unique users discussing Wrapped Bitcoin, with a total of Wrapped Bitcoin mentions of 53. However, compared to the previous 24-hour period, the number of unique users increase by 8%, and the total number of mentions has decrease by 40%.

On Twitter, there were a total of 1 tweets mentioning Wrapped Bitcoin in the last 24 hours. Among them, 0% are bullish on Wrapped Bitcoin, 0% are bearish on Wrapped Bitcoin, and 100% are neutral on Wrapped Bitcoin.

On Reddit, there were 7 posts mentioning Wrapped Bitcoin in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 17% .

All social overview

Average sentiment (24h)
3
Social media score (24h)
0(#663)
Social contributors (24h)
285
+8%
Social media mentions (24h)
53(#451)
-40%
Social media dominance (24h)
0.01%
X
X posts (24h)
1
0%
X sentiment (24h)
Bullish
0%
Neutral
100%
Bearish
0%
Reddit
Reddit score (24h)
3
Reddit posts (24h)
7
+17%
Reddit comments (24h)
0
0%

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Wrapped Bitcoin news

The Decline Also Hit Donald Trump: All 6 Altcoins He Bought Suffered Major Decline
The Decline Also Hit Donald Trump: All 6 Altcoins He Bought Suffered Major Decline

US President Donald Trump's cryptocurrency project, World Liberty Financial, suffered losses in the altcoins it purchased.

Bitcoinsistemi2024-12-20 17:11
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FAQ

How is the value of Wrapped Bitcoin (WBTC) maintained at a 1:1 ratio with Bitcoin (BTC)?

The 1:1 pegging of Wrapped Bitcoin (WBTC) to Bitcoin is achieved through a system of custodians and merchants. When someone wants to mint WBTC, they deposit BTC with a custodian. In return, the custodian issues the equivalent amount of WBTC to the user. When someone wishes to redeem their WBTC for BTC, the process is reversed: the WBTC is burned or removed from circulation, and the custodian releases the equivalent amount of BTC. Periodic audits ensure that the amount of BTC held by custodians matches the circulating supply of WBTC.

Why would someone use Wrapped Bitcoin (WBTC) instead of Bitcoin (BTC)?

The primary reason to use Wrapped Bitcoin (WBTC) over BTC is to leverage Bitcoin's value in the Ethereum ecosystem. WBTC allows Bitcoin holders to participate in Ethereum-based decentralized applications, particularly DeFi platforms. This can provide access to lending, borrowing, yield farming, liquidity mining, and other financial services that aren't natively available on the Bitcoin blockchain. Essentially, WBTC bridges the gap between the two largest cryptocurrency networks.

Why is the price of Wrapped Bitcoin (WBTC) similar to that of Bitcoin (BTC)?

Wrapped Bitcoin (WBTC)'s price closely tracks BTC's because of its 1:1 peg. For every WBTC in circulation, there's an equivalent amount of BTC held by custodians. This ensures WBTC's value should, theoretically, align with BTC's. However, minor price fluctuations may arise due to factors like market demand, liquidity, or decentralized exchange rates, though these differences are typically short-lived.

What happens to the value of Wrapped Bitcoin (WBTC) if the price of Bitcoin crashes?

Since Wrapped Bitcoin (WBTC) is pegged to Bitcoin on a 1:1 basis, a significant change in the price of Bitcoin will similarly impact the value of WBTC. If Bitcoin's price were to decrease dramatically, WBTC's price would follow suit. It's essential for investors and users to remember that holding WBTC exposes them to the same market risks as holding BTC.

Can I mine Wrapped Bitcoin (WBTC)?

Unlike Bitcoin or other proof-of-work cryptocurrencies, Wrapped Bitcoin (WBTC) cannot be mined. As an ERC-20 token on Ethereum's network, WBTC's supply corresponds to the BTC amount deposited with custodians. Instead of mining, Bitcoin can be "locked up" to mint WBTC and "burned" to redeem BTC. While one can mine Bitcoin and subsequently convert it to WBTC, WBTC itself is not directly mineable.

Is Wrapped Bitcoin (WBTC) safe?

While Wrapped Bitcoin (WBTC) has mechanisms to ensure a 1:1 peg with Bitcoin and undergoes periodic audits, there are some risks involved. Centralization risk arises because custodians hold the actual BTC backing WBTC. Additionally, as with any smart contract-based system, there's a risk of potential bugs or vulnerabilities in the WBTC contract. As always, potential users should conduct thorough research and perhaps consult with financial professionals before making decisions.

What is the current price of Wrapped Bitcoin?

The live price of Wrapped Bitcoin is $95,042.38 per (WBTC/USD) with a current market cap of $12,737,192,230.41 USD. Wrapped Bitcoin's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Wrapped Bitcoin's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Wrapped Bitcoin?

Over the last 24 hours, the trading volume of Wrapped Bitcoin is $208.40M.

What is the all-time high of Wrapped Bitcoin?

The all-time high of Wrapped Bitcoin is $107,463.99. This all-time high is highest price for Wrapped Bitcoin since it was launched.

Can I buy Wrapped Bitcoin on Bitget?

Yes, Wrapped Bitcoin is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Wrapped Bitcoin guide.

Can I get a steady income from investing in Wrapped Bitcoin?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Wrapped Bitcoin with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

Where can I buy Wrapped Bitcoin (WBTC)?

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1 WBTC = 95,042.38 USD
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Bitget Insights

ormo
ormo
1d
Wrapped Bitcoin (WBTC) is currently trading at $98,123.25, with a 1.68% increase in the last 24 hours.¹ The 24-hour low and high prices are $92,173.55 and $98,133.63, respectively. WBTC's market capitalization is $13.15 billion, with a circulating supply of 134,010 WBTC. If you're interested in buying or selling WBTC, you can do so on various cryptocurrency exchanges. Keep in mind that the cryptocurrency market can be volatile, so it's essential to stay up-to-date with the latest market trends and news.²
BITCOIN-4.30%
UP-5.13%
Wu Blockchain
Wu Blockchain
2d
According to Look On Chain, the crypto assets recently purchased by the Trump family project World Liberty, including ETH, WBTC, AAVE, LINK, ENA and ONDO, all suffered losses as the market fell, with a total loss of $6.15 million. Among them, ETH suffered the largest loss, with a…
ETH-1.41%
ONDO-2.86%
J-moh
J-moh
3d
World Liberty Financial (WLFI), a decentralized finance project supported by Donald Trump, has made waves by swapping $10.4 million worth of cbBTC for Wrapped Bitcoin (WBTC). This significant move follows Coinbase’s controversial decision to delist WBTC, raising questions about WLFI’s motives. According to blockchain analytics firm Lookonchain, WLFI exchanged 102.9 cbBTC for 103.15 WBTC. This swap comes as cbBTC—Coinbase’s Bitcoin wrapper—gains popularity with a market cap of $1 billion. Despite this growth, WLFI’s choice to pivot toward WBTC suggests a clear preference for its established reputation and infrastructure. While cbBTC’s adoption is growing, WBTC has come under scrutiny. Coinbase’s announcement to delist WBTC has intensified questions about its role in the DeFi ecosystem. By moving away from cbBTC, WLFI appears to be steering clear of potential controversies tied to the newer Bitcoin wrapper.$WBTC
MOVE-14.65%
BITCOIN-4.30%
BGUSER-B775B5HW
BGUSER-B775B5HW
2024/12/05 07:25
$BTC $WBTC Help
BTC-1.89%
WBTC-1.88%
Niamat_Baloch
Niamat_Baloch
2024/11/23 17:54
Bitcoin ( BTC ) is the largest cryptocurrency by market capitalization and an emerging store of value asset. However, its limited programmability has historically restricted its utility in decentralized finance (DeFi) applications. Wrapped Bitcoin tokens help address this limitation and facilitate the transfer of Bitcoin’s value to platforms that are faster and more expressive. However, recent developments have cast a shadow on the reliability of bridged Bitcoin ( BTC ) tokens. The node infrastructure of renBTC, once a popular BTC bridge, was undermined by its financial dependence on Alameda Research and the project shut down in 2022. WBTC, the largest bridged BTC token, faces scrutiny due to its centralized custodianship, which has been compounded by the recent involvement of Justin Sun in the project. These concerns have sparked interest in how bridged Bitcoin protocols operate. To that effect, Cointelegraph Research has undertaken a comparative analysis of four prominent Bitcoin bridging solutions—wBTC, renBTC, cbBTC and tBTC. The article provides readers with an in-depth dive into the respective architectures, market performance, recent developments and future prospects. $BTC
BTC-1.89%
BITCOIN-4.30%

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