Overview of Wrapped Bitcoin (WBTC)
Wrapped Bitcoin (WBTC) is currently priced at $107,417.00**, reflecting a 0.84% increase over the past 24 hours. With a trading volume of $183.18M and a circulating supply of 128.85K WBTC, it holds the 12th rank in the cryptocurrency market. Its market capitalization stands at $13.84B**.
Key Metrics:
- 24-Hour High/Low: $107,854.00 / $105,239.00
- All-Time High: $111,685.00 (23 May 2025)
- All-Time Low: $3,139.17 (02 Apr 2019)
- Fully Diluted Valuation: $13.84B
👉 Track real-time WBTC price movements
Market Analysis
Recent Performance
- WBTC’s price decreased by 0.41% in the last hour.
- Trading Volume: $183.18M (past 24h).
Historical Data Highlights
| Date | Market Cap | Volume | Closing Price |
|---|---|---|---|
| 2024-07-02 | $9.61B | $317.68M | $62,833.50 |
| 2025-05-23 | $14.32B | $437.87M | $111,202.74 |
FAQs
1. What is Wrapped Bitcoin (WBTC)?
WBTC is an ERC-20 token backed 1:1 by Bitcoin, enabling Bitcoin’s use in Ethereum-based DeFi applications.
2. How does WBTC maintain its peg to Bitcoin?
Through a transparent custodial system where merchants lock BTC and mint WBTC, ensuring 1:1 collateralization.
3. Where can I buy WBTC?
Major exchanges like OKX, Binance, and Coinbase support WBTC trading pairs.
Price Trends and Predictions
- Bullish Scenario: Breaking the $110K resistance could target $115K.
- Bearish Scenario: A drop below $105K may test $100K support.
Key Drivers:
- Bitcoin ETF Flows
- Ecosystem Adoption
Conclusion
WBTC bridges Bitcoin’s liquidity with Ethereum’s versatility. Its price movements closely mirror BTC’s, making it a strategic asset for crypto portfolios.
For real-time updates, visit OKX.
**Notes**: