Real-Time WBTC Price Analysis
The current live price of Wrapped Bitcoin (WBTC) is $108,795.18**, with a 24-hour trading volume of **$15,328,187. Over the past day, WBTC's price has decreased by 0.74%, while showing a 1.78% increase over the last week.
Key metrics:
- Market Cap: $14,036,563,244
- Circulating Supply: 129,018 WBTC
- Market Rank: #12
📊 Historical Context:
Today's WBTC price is 32.92% below its all-time high but 3,167.01% above its lowest recorded price.
👉 Track WBTC price movements instantly
What Is Wrapped Bitcoin (WBTC)?
Wrapped Bitcoin (WBTC) is an ERC-20 token representing Bitcoin on the Ethereum blockchain. It enables BTC to integrate seamlessly with Ethereum’s DeFi ecosystem while maintaining a 1:1 peg to Bitcoin’s value.
How WBTC Works:
- Backed 1:1 by BTC held in reserve.
- Automatically minted/burned when users convert BTC ↔ WBTC via authorized merchants.
- Uses Ethereum’s faster transaction speeds (15-second block time vs. Bitcoin’s 10 minutes).
Key Benefits of WBTC
- DeFi Integration: Use Bitcoin in Ethereum-based applications like lending, staking, or DEXs.
- Faster Transactions: Leverage Ethereum’s network speed for quicker transfers.
- Liquidity Boost: WBTC brings Bitcoin’s liquidity into Ethereum’s DeFi ecosystem.
- Simplified Infrastructure: Exchanges/wallets only need to support Ethereum nodes.
WBTC Ecosystem Participants
| Role | Responsibility | Key Entities |
|---------------------|----------------------------------------|----------------------|
| Custodian | Holds BTC reserves | BitGo |
| Merchants | Mint/burn WBTC tokens | Kyber Network, Ren |
| Users | Hold/trade WBTC | Individuals |
| WBTC DAO | Governs protocol upgrades | Multi-sig contracts |
How to Convert BTC ↔ WBTC
BTC → WBTC:
- Send BTC to a WBTC merchant (e.g., Kyber Network).
- Merchant requests WBTC minting from BitGo.
- WBTC is delivered to your Ethereum wallet after 6 confirmations.
WBTC → BTC:
- Request a burn transaction from the merchant.
- After 25 ETH block confirmations, BTC is sent to your wallet (post-KYC).
WBTC Price FAQ
❓ What was WBTC’s highest price?
WBTC peaked at $162,188.26 on November 16, 2021.
❓ What was WBTC’s lowest price?
WBTC’s all-time low was $3,330.12 on February 6, 2019.
❓ Where can I buy WBTC?
Top exchanges include Binance, KuCoin, and Kraken.
❓ What’s the safest wallet for WBTC?
Ledger and Trezor are highly recommended for secure storage.
Final Thoughts
WBTC bridges Bitcoin’s value with Ethereum’s functionality, unlocking DeFi opportunities while maintaining BTC’s price stability. Always check the live WBTC price chart before trading to identify trends.