Wrapped Bitcoin (WBTC) is currently trading at $108,815.81** with a market capitalization of **$14.04 billion. This real-time WBTC to USD price provides essential insights for traders and investors navigating the dynamic cryptocurrency landscape.
Live WBTC Market Performance
Tracking WBTC's key metrics offers a clear view of its market activity and investor sentiment.
- 24-Hour Trading Volume: Reflects the total WBTC traded in the last day, indicating market liquidity.
- 24-Hour Price Change: Shows the most recent short-term price movement.
- Circulating Supply: Represents the number of WBTC tokens currently available on the market.
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Detailed WBTC Price Performance (USD)
Analyzing price changes across different periods helps identify trends and potential momentum.
| Period | Change (USD) | Change (%) |
|---|---|---|
| Today | -$228.99 | -0.21% |
| 30 Days | +$3,799.43 | +3.61% |
| 60 Days | +$15,071.28 | +16.07% |
| 90 Days | +$26,276.18 | +31.83% |
Today’s Price Change
WBTC recorded a slight decrease of -$228.99 (-0.21%) in the last 24 hours, reflecting recent market activity.
30-Day Price Trend
Over the past month, WBTC's value increased by +$3,799.43, a gain of 3.61%, demonstrating stable short-term growth.
60-Day Performance
The broader 60-day view shows a more substantial upward movement of +$15,071.28, equating to a 16.07% rise.
90-Day Trajectory
The long-term 90-day trend is strongly positive, with a significant increase of +$26,276.18, or 31.83%.
Key WBTC Price Information
Critical price levels provide context for the current trading range and historical performance.
- 24-Hour Low: $108,258.19
- 24-Hour High: $110,410.31
- All-Time High (ATH): $111,711.48
WBTC Market Statistics
Understanding market data is crucial for evaluating the asset's overall standing.
- Market Capitalization: $14.04 Billion
- 24-Hour Trading Volume: (Data dynamically updates)
- Circulating Supply: (Data dynamically updates)
What Is Wrapped Bitcoin (WBTC)?
Wrapped Bitcoin (WBTC) is an ERC-20 token on the Ethereum blockchain that represents Bitcoin. Each WBTC is backed 1:1 by actual Bitcoin held in reserve. This bridging mechanism allows Bitcoin to be used within the expansive Ethereum ecosystem, enabling faster transfers and unlocking functionalities like decentralized finance (DeFi) lending, borrowing, and yield farming.
Wrapped BTC Price Prediction
Cryptocurrency price prediction involves forecasting future asset values by analyzing market trends, adoption rates, technological developments, and broader economic factors. While inherently speculative, these forecasts aim to provide a range of potential future values for assets like WBTC. Long-term models often project prices for coming years.
Wrapped BTC Price History
Examining WBTC's historical price chart offers invaluable context. Analyzing past performance, including major bull and bear markets, can help investors understand the cyclical nature of the crypto market and the factors that have historically influenced WBTC's value.
Wrapped BTC (WBTC) Tokenomics
Tokenomics refers to the economic model of a cryptocurrency. For WBTC, the model is relatively straightforward: it is a fully collateralized asset. Its value and stability are derived from the 1:1 backing of Bitcoin, managed by a consortium of merchants and custodians. Understanding this structure is key to assessing its reliability as a bridge between two major blockchains.
How to Buy Wrapped BTC (WBTC)
Acquiring WBTC is a streamlined process on major cryptocurrency exchanges. The general steps involve creating an account, completing necessary verification, depositing funds (either fiat currency or other cryptocurrencies), and then executing a trade for WBTC.
Frequently Asked Questions (FAQ)
What is the main purpose of Wrapped BTC (WBTC)?
WBTC's primary purpose is to bring Bitcoin's liquidity and value to the Ethereum network. This allows Bitcoin holders to participate in Ethereum-based applications, such as decentralized exchanges (DEXs) and lending protocols, without having to sell their Bitcoin.
How is WBTC different from Bitcoin?
Technically, WBTC is an Ethereum token (ERC-20), while Bitcoin is the native asset on its own blockchain. Functionally, WBTC represents Bitcoin on Ethereum. The key difference is that WBTC can be used in smart contracts on Ethereum, whereas native Bitcoin cannot.
Is WBTC a safe asset to hold?
WBTC is considered safe because it is fully backed by real Bitcoin held in reserve by certified custodians. Its security relies on the transparency and auditability of these reserves. Users should ensure they acquire WBTC through reputable platforms.
Where can I check the audit reports for WBTC's reserves?
The custodians of WBTC regularly publish proof-of-reserve reports. These audits are typically available on the official Wrapped Bitcoin project website and through various blockchain transparency platforms to verify that the circulating WBTC supply is fully collateralized.
Can I redeem my WBTC for actual Bitcoin?
Yes, that is a core function of the wrapping protocol. Approved merchants can burn WBTC tokens and release the corresponding amount of Bitcoin from the reserve back to the user's Bitcoin address, effectively unwrapping the asset.
What are the risks associated with using WBTC?
The main risks are not related to its peg but to smart contract vulnerabilities within the Ethereum ecosystem and the counterparty risk associated with the merchants and custodians managing the reserves. Using well-established platforms mitigates these risks.