Wrapped Bitcoin (WBTC) is currently trading at $108,815.81**, with a market capitalization of **$14.04 billion. The WBTC to USD price is updated in real-time, offering traders and investors immediate access to the latest market movements. As one of the most widely adopted Bitcoin-backed tokens on Ethereum, WBTC plays a crucial role in bridging Bitcoin’s value with decentralized finance (DeFi) applications.
Understanding WBTC: The Bridge Between Bitcoin and Ethereum
Wrapped BTC (WBTC) is an ERC-20 token pegged 1:1 to Bitcoin, enabling BTC holders to use their assets within the Ethereum ecosystem. By wrapping Bitcoin into a compatible token format, users can participate in DeFi protocols, yield farming, lending platforms, and decentralized exchanges — all while maintaining exposure to Bitcoin’s price performance.
This interoperability enhances capital efficiency and unlocks new utility for Bitcoin beyond simple store-of-value use cases.
👉 Discover how WBTC powers cross-chain innovation and expands your crypto opportunities.
WBTC Price Performance: Short-Term vs Long-Term Trends
Tracking WBTC’s price across multiple timeframes provides valuable insight into its market behavior and investor sentiment.
Daily Price Movement
Over the past 24 hours, WBTC has seen a slight dip of -0.21%, equivalent to a $228.99 decrease. Despite this minor pullback, the price remains resilient within a tight range, indicating stable demand.
30-Day Overview
In the last month, WBTC gained +3.61% ($3,799.43), reflecting steady accumulation amid broader market consolidation. This period coincided with increased DeFi activity and growing institutional interest in tokenized Bitcoin.
60-Day Growth
Extending the timeline to two months reveals a stronger upward trend, with WBTC rising +16.07% ($15,071.28). This surge aligns with macroeconomic optimism, including expectations around monetary policy shifts and improved on-chain liquidity.
90-Day Trajectory
Looking at the past quarter, WBTC has climbed +31.83% ($26,276.18) — a significant gain that underscores long-term confidence in Bitcoin-backed assets. This performance highlights WBTC’s role as a reliable proxy for Bitcoin exposure in smart contract ecosystems.
Key Market Metrics for WBTC
Stay informed with essential data points that reflect WBTC’s market health:
- 24-Hour Low: $108,258.19
- 24-Hour High: $110,410.31
- All-Time High (ATH): $111,711.48
- Market Cap: $14.04 billion
- Circulating Supply: Mirrors Bitcoin’s scarcity model through 1:1 backing
- Trading Volume (24h): High liquidity across major exchanges supports efficient trading
These metrics are vital for technical analysis and risk assessment, especially when evaluating entry and exit points.
What Drives WBTC’s Value?
Several factors influence WBTC’s price and adoption:
- Bitcoin Price Correlation: Since each WBTC is backed by one BTC, its value closely follows Bitcoin’s price movements.
- DeFi Demand: Increased usage in lending platforms like Aave or Uniswap pools boosts demand for wrapped tokens.
- Ethereum Network Activity: Higher gas fees or congestion may temporarily slow adoption, while Layer 2 scaling solutions improve usability.
- Regulatory Clarity: Clearer rules around custodianship and tokenization could accelerate institutional adoption.
As more protocols integrate native Bitcoin exposure via WBTC, its utility continues to expand beyond speculation into real financial infrastructure.
👉 Explore how WBTC integrates into next-gen DeFi strategies and cross-chain platforms.
Frequently Asked Questions (FAQ)
What is Wrapped BTC (WBTC)?
WBTC is a tokenized version of Bitcoin issued on the Ethereum blockchain as an ERC-20 asset. Each WBTC token is fully backed by one Bitcoin held in reserve by approved custodians, ensuring a 1:1 peg.
How does WBTC maintain its 1:1 value with Bitcoin?
WBTC operates under a transparent custodial system managed by a decentralized consortium known as the WBTC DAO. Only authorized merchants can mint new tokens after depositing BTC into secure multi-signature wallets. Regular audits verify reserves to maintain trust and parity.
Is WBTC safe to use in DeFi?
Yes, WBTC is widely regarded as secure due to its strong governance model, frequent attestation reports, and integration with top-tier protocols. However, users should always assess smart contract risks and choose reputable platforms for interaction.
Where can I buy WBTC?
WBTC is available on major cryptocurrency exchanges such as OKX, Coinbase, Kraken, and others. It can be traded directly against USD pairs or swapped using decentralized exchanges like Uniswap.
How does WBTC differ from other wrapped Bitcoin versions?
While alternatives like renBTC or sBTC exist, WBTC stands out due to its high liquidity, broad exchange support, and transparent custodial framework. It remains the most widely used wrapped Bitcoin variant in DeFi ecosystems.
Can I convert WBTC back to BTC?
Yes, authorized merchants can burn WBTC tokens to release the underlying Bitcoin from custody. This redemption process ensures the system remains balanced and fully collateralized.
The Role of Tokenomics in WBTC’s Stability
Unlike inflationary tokens, WBTC has no fixed maximum supply. Instead, its issuance is demand-driven — new tokens are minted only when users deposit BTC through verified gateways. This dynamic supply model ensures perfect backing and minimizes inflationary pressure.
Transparency is enforced through monthly attestations published by accounting firms, verifying that total WBTC in circulation matches reserved BTC holdings.
Future Outlook: Will WBTC Continue Growing?
As Ethereum evolves and Layer 2 solutions mature, demand for interoperable assets like WBTC is expected to rise. With increasing adoption of Bitcoin in DeFi — often referred to as “Bitcoin Legos” — WBTC serves as a foundational building block.
Moreover, emerging trends such as restaking and cross-chain liquidity networks may further integrate WBTC into complex financial primitives, enhancing its long-term relevance.
👉 See how WBTC fits into the future of cross-chain finance and DeFi innovation.
Final Thoughts
Wrapped BTC bridges two of the most powerful forces in crypto: Bitcoin’s scarcity and Ethereum’s programmability. Whether you're a trader seeking liquidity or a DeFi user exploring yield opportunities, WBTC offers a secure and efficient way to leverage Bitcoin in modern financial applications.
By understanding its price trends, market dynamics, and underlying mechanics, investors can make informed decisions in today’s fast-moving digital asset landscape.
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