Wrapped Bitcoin
Current price
$80,860.82
−2.90%24h
LiveUpdated 27s ago
TodayWrapped Bitcoin falls 2.9%, in line with the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.37%
- 24 hours−2.90%
- 7 days−2.17%
- 30 days+5.47%
- 1 year−26.89%
Wrapped Bitcoin's move in context
Moving with the market
−2.90% today, close to the whole market (−3.26%). Nothing specific to Wrapped Bitcoin stands out in the price.
Trend has turned
−2.2% over 7 days and +5.5% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Wrapped Bitcoin
Wrapped Bitcoin: Bridging Bitcoin and Ethereum
Wrapped Bitcoin (WBTC) is an ERC-20 token that represents Bitcoin (BTC) on the Ethereum blockchain. Launched in 2019, WBTC was developed to bring the liquidity of Bitcoin to the Ethereum ecosystem, allowing BTC holders to participate in decentralized finance (DeFi) and other Ethereum-based applications. Each WBTC is fully backed by an equivalent amount of BTC, held in reserve by a network of custodians, ensuring that the value of WBTC is always pegged to the value of BTC.
Key Aspects of Wrapped Bitcoin
Interoperability between Bitcoin and Ethereum: WBTC enables interoperability between the Bitcoin and Ethereum blockchains, allowing BTC holders to use their assets in the Ethereum ecosystem. This interoperability is crucial for expanding the use cases of Bitcoin, as it allows BTC to be used in DeFi protocols, decentralized exchanges (DEXs), and other Ethereum-based applications.
Liquidity for DeFi and dApps: One of the primary reasons for the creation of WBTC was to bring the liquidity of Bitcoin to the rapidly growing DeFi market. By tokenizing Bitcoin on the Ethereum blockchain, WBTC allows BTC holders to lend, borrow, and trade their assets within the Ethereum ecosystem. This increased liquidity benefits both the Bitcoin and Ethereum communities, enhancing the overall utility of both networks.
Transparent and Trustworthy Custody: WBTC is fully backed by an equivalent amount of BTC, held in reserve by a network of custodians. These custodians are responsible for minting and burning WBTC tokens, ensuring that the supply of WBTC always matches the amount of BTC held in reserve. This transparent and trustworthy custody model provides users with confidence that their WBTC tokens are fully backed by real Bitcoin.
Integration with Ethereum-Based Protocols: As an ERC-20 token, WBTC is fully compatible with the Ethereum blockchain and can be integrated into any Ethereum-based application. This compatibility allows WBTC to be used in a wide range of DeFi protocols, including lending platforms, liquidity pools, and decentralized exchanges. The flexibility and utility of WBTC make it a valuable asset for users looking to leverage their Bitcoin holdings within the Ethereum ecosystem.
Growing Adoption and Use Cases: Since its launch, WBTC has seen growing adoption within the DeFi community and beyond. The token has become one of the most popular ERC-20 tokens by market capitalization, reflecting its widespread use and trust among users. As the DeFi space continues to grow, WBTC is likely to play an increasingly important role in bridging the Bitcoin and Ethereum networks.
Challenges and Future Outlook: Despite its success, WBTC faces challenges related to centralization and custodial risk. Because WBTC relies on custodians to hold the underlying BTC, it introduces a level of trust that is not present in fully decentralized systems. However, ongoing efforts to improve transparency and explore decentralized alternatives suggest that WBTC will continue to be a valuable tool for bridging the Bitcoin and Ethereum ecosystems.
Wrapped Bitcoin market
- Position by market cap among the coins we track.
- #16
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $9.42B
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $80,469.19High $83,713.56
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $126,007.59
- Now 64% of itReached 6 Oct 2025 · Needs +56% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 116.5K WBTC
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
Wrapped Bitcoin converter
1 Wrapped Bitcoin = $80,860.82
