Key Stats on Wrapped Bitcoin (WBTC)
- Current Price: $108,673.10 USD (24h change: -1.48%)
- 24h Trading Volume: $268.23 million USD
- All-Time High: $111,899.70 (May 22, 2025)
- All-Time Low: $75,000.00 (April 8, 2025)
Understanding Wrapped Bitcoin (WBTC)
Wrapped Bitcoin represents Bitcoin (BTC) on Ethereum's blockchain as an ERC-20 token, enabling BTC holders to participate in decentralized finance (DeFi) ecosystems. Each WBTC is 1:1 backed by Bitcoin held in reserve.
Market Performance Trends
- 7-day performance: +0.56%
- 30-day performance: +2.88%
- Annual performance: +44.90%
👉 Track real-time WBTC price movements
Technical Analysis Summary
Oscillators
| Indicator | Signal | Action |
|---|---|---|
| RSI | Neutral | Hold |
| Stochastic | Neutral | Hold |
| MACD | Neutral | Hold |
Moving Averages
| Period | Signal | Action |
|---|---|---|
| 50-day MA | Neutral | Hold |
| 200-day MA | Neutral | Hold |
Related Cryptocurrencies
Explore similar Ethereum-based wrapped assets:
- Wrapped Ethereum (WETH)
- RenBTC (RENBTC)
- tBTC (TBTC)
Frequently Asked Questions
What factors influence WBTC's price?
WBTC's value primarily follows Bitcoin's market movements, with additional volatility from Ethereum gas fees and DeFi protocol demand. Market sentiment and BTC-ETH arbitrage opportunities also play key roles.
How does WBTC maintain its peg to Bitcoin?
Certified custodians hold reserve Bitcoin for every minted WBTC, with regular audits to verify the 1:1 backing. The mint/burn mechanism ensures price stability.
Where can I securely trade WBTC?
Major exchanges like Binance and Coinbase offer WBTC trading pairs. For advanced charting with direct trading, platforms like 👉 OKX provide integrated solutions.
Is WBTC a good investment?
As a Bitcoin proxy with DeFi utility, WBTC suits investors seeking BTC exposure while participating in Ethereum-based applications. However, all crypto investments carry inherent volatility risks.
How does WBTC differ from other Bitcoin wrappers?
WBTC boasts the highest liquidity and institutional backing among wrapped BTC solutions. Alternatives like renBTC offer decentralization tradeoffs, while tBTC emphasizes cryptographic proofs.
What's WBTC's role in DeFi?
WBTC serves as collateral in lending protocols (Aave, Compound), liquidity pools (Uniswap), and yield farming strategies - combining Bitcoin's value with Ethereum's programmability.