Wrapped Bitcoin Price

Track Wrapped Bitcoin Price Today, Live WBTC Price Chart & Market Cap

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FROM WBTC
TO USD

Wrapped Bitcoin Price Live Data

24H Range
$?60,713
24H Range
$?64,726
52W Range
$?24,948
52W Range
$?73,594
ATH & ATL Range
$?3,336.43
ATH & ATL
$?73,594
Wrapped Bitcoin Price$?64,252
Market Cap$?9.99B
Diluted Market Cap $?15.24B
24H Volume$?108.19M
Vol. / M. Cap Ratio 0.0108
Dominance 0.44%
ATH $?73,594 (-13%)
ATH Date Mar 14, 2024
ATL $?3,336.43
ATL Date Feb 8, 2019
Cycle Low $?49,472
Cycle High $?64,792
Circ. Supply 155,477 (66%)
Total Supply 155,477
Max Supply 237,193
Supply Inflation -4.27% (Low)
Volatility 6.17% (High)
PlatformETH
Release Date Jan 30, 2019
Fear & Greed Index 56 (Greed)
Sentiment Bullish
Show more ↓

Wrapped Bitcoin price today is $?64,252 with a 24-hour trading volume of $?108.19M, market cap of $?9.99B, and market dominance of 0.44%. The WBTC price increased 5.28% in the last 24 hours.

Wrapped Bitcoin reached its highest price on Mar 14, 2024 when it was trading at its all-time high of $?73,594, while Wrapped Bitcoin's lowest price was recorded on Feb 8, 2019 when it was trading at its all-time low of $?3,336.43. The lowest price since it's ATH was $?49,472 (cycle low). The highest WBTC price since the last cycle low was $?64,792 (cycle high). The Wrapped Bitcoin price prediction sentiment is currently bullish, while Fear & Greed Index is showing 56 (Greed).

Wrapped Bitcoin's current circulating supply is 155,477 WBTC out of max supply of 237,193 WBTC. The current yearly supply inflation rate is -4.27% meaning -6,928.04 WBTC were created in the last year. In terms of market cap, Wrapped Bitcoin is currently ranked #1 in the DeFi Coins sector, ranked #2 in the Ethereum (ERC20) Tokens sector and ranked #1 in the Wrapped Coins & Tokens sector.

Highlights

  • Price has increased by 147% in the last 1 year
  • Outperformed 66% of the in 1 year
  • Trading above the
  • in the last 30 days (50%)
  • Trading near
  • Trading on KuCoin
  • Yearly inflation rate is

Risk Analysis

  • Outperformed by
  • Has liquidity based on its market cap
See All Risk Checks

Wrapped Bitcoin Performance

Change1H24H7D1M3M6MYTD1Y3Y5YALL
Wrapped BitcoinUS Dollar WBTC/USD 0.05%5.28%8.65%0.21%-7.33%27.11%51.43%146.51%34.14%522.71%1,772%
Wrapped BitcoinBitcoin WBTC/BTC 0.00%-0.12%0.01%-0.12%-0.22%1.38%-0.08%-0.15%-0.27%-0.03%1.14%
Wrapped BitcoinEthereum WBTC/ETH -0.08%1.26%1.81%14.53%26.00%41.91%25.66%47.21%53.03%-57.28%-26.23%
Wrapped BitcoinTether WBTC/USDT 0.05%5.28%8.65%0.21%-7.33%27.11%51.43%146.51%34.14%522.71%1,772%

Wrapped Bitcoin price in US Dollar has increased by 0.21% in the last 1 month. WBTC is up 14.53% against Ethereum and down -0.12% against Bitcoin in the last 1 month.

Wrapped Bitcoin Quarterly Returns

YearQ1Q2Q3Q4Total
201924.86%152.22%-23.01%-13.16%110.54%
2020-11.13%42.71%17.59%169.23%301.50%
2021102.70%-40.45%25.00%5.78%59.59%
2022-1.64%-56.56%-1.77%-15.08%-64.36%
202372.61%6.36%-10.96%56.81%156.32%
202468.57%-12.01%------
Average 42.66%15.38%1.37%40.72%112.72%

The top-performing year for Wrapped Bitcoin was 2020 when the price of WBTC increased by 301.50% from $?7,224.55 to $?29,007. The worst performing year for Wrapped Bitcoin was 2022 when the price dropped by -64.36% from $?46,293 to $?16,500. The average yearly growth of Wrapped Bitcoin over the last 6 years is 112.72% per year. Usually, Wrapped Bitcoin performs best in Q1 with an average of 42.66% gain and worst in Q3 with 1.37% gain.

Wrapped Bitcoin Price Closing History by Level

PriceDays Above% of Wrapped Bitcoin's Life
$?73,594 ATH--
$?70,000150.74%
$?64,252 Price Now1035.07%
$?60,0001929.45%
$?50,00033916.68%
$?45,00044321.80%
$?40,00059529.28%
$?35,00073236.02%
$?30,00083441.04%
$?25,000106152.21%
$?20,000122660.33%
$?19,000128563.24%

The table above shows the number of days which Wrapped Bitcoin closed above a certain price level.

Wrapped Bitcoin Price & ROI on this Date

DatePriceROI
Aug 24, 2024 Today$?64,252-
Aug 24, 2023$?26,472142.72%
Aug 24, 2022$?21,523198.52%
Aug 24, 2021$?49,32030.28%
Aug 24, 2020$?11,661450.98%
Aug 24, 2019$?10,468513.79%

The table above shows the price and ROI of Wrapped Bitcoin today and previous years on the same date (Aug 24).

WBTC Exchanges

Wrapped Bitcoin is being traded on 46 cryptocurrency exchanges, including Binance and KuCoin. $?108.19M worth of Wrapped Bitcoin changed hands in the last 24 hours. If you wish to purchase WBTC, check our guide on how to buy Wrapped Bitcoin in 6 steps.

ExchangePrice Volume Action
Binance$?64,225$?37.56M$?64,225$?37.56M Trade Now
KuCoin$?64,196$?136,672$?64,196$?136,672 Trade Now
Kraken$?64,192$?261,512$?64,192$?261,512 Trade Now
Bybit$?64,264$?619,924$?64,264$?619,924 Trade Now
OKX$?64,173$?718,728$?64,173$?718,728 Trade Now
gate.io$?64,087$?9,081.07$?64,087$?9,081.07 Trade Now
MEXC$?64,285$?195,966$?64,285$?195,966 Trade Now
Coinbase$?64,137$?1.10M$?64,137$?1.10M Trade Now
Crypto.com$?64,149$?144,143$?64,149$?144,143 Trade Now
Indodax$?64,043$?268.30$?64,043$?268.30 Trade Now

About Wrapped Bitcoin

Wrapped Bitcoin is the first ERC20 token backed 1:1 with Bitcoin. Completely transparent and 100% verifiable.

FAQ

What is Wrapped Bitcoin?

Wrapped Bitcoin is a tokenized version of Bitcoin that exists as an ERC20 asset on the Ethereum blockchain. Each WBTC token is backed 1 for 1 with BTC on the Bitcoin blockchain. You can think of it as a stablecoin just that in this case, it’s backed by BTC and not by a fiat currency like USD. In other words, the price of 1 WBTC should stay as close as possible to 1 BTC when the system is functioning properly.

The real benefits of WBTC is that it allows you to access and leverage the Ethereum blockchain with the value of your BTC holdings. It allows you to effectively trade BTC in a completely decentralized and trustless way, and to use your BTC to interact with the expanding decentralized finance (DeFi) ecosystem.

How does Wrapped Bitcoin work?

In order to understand how Wrapped Bitcoin works, let’s first look at how Wrapped Bitcoin is created. First, users have to send an authorized merchant for Wrapped Bitcoin and send them your BTC along with some personal information to comply with KYC and AML regulations. The merchant then initiates the process of minting WBTC tokens. They will send your BTC to a custodian who will create the WBTC contract. These tokens are then sent to the user’s Ethereum address.

When it comes to redeeming WBTC, the process is similar. Users send their WBTC to a merchant. They will create a burn transaction on the WBTC contract. The custodian will wait for a number of Ethereum network confirmations before sending them back to the merchant. The merchant will complete a separate Ethereum transaction, confirming the burn as completed. Finally, the merchant will send you back your BTC.

This is all done in a very transparent manner. If you head on over to the dashboard on the WBTC website, you can see an overview of the orderbook. You can see how much WBTC was minted and by whom. You can also see the Ethereum addresses where it was created, as well as the BTC address where it will be stored by the custodian. If you check out the Proof of Assets page, you can see a collection of the total amount kept at the custodian, as well as the transaction ID for all of those that have come in. This makes everything easy to confirm and audit.

Most everyday cryptocurrency users will not actually go through the process of minting and redeeming WBTC tokens by themselves. Instead, this is most commonly done by exchange operators, liquidity providers and investment companies, who then make the WBTC tokens accessible for trading. If you want to access WBTC, the easiest way is to simply purchase it on a cryptocurrency exchange.

How to use Wrapped Bitcoin?

Once you trade for WBTC, you can use it on the Ethereum blockchain the same way you would use any other ERC-20 token. You can trade it on decentralized exchanges for other tokens, use it to earn interest in lending protocols, fund a liquidity pool, and so forth. Before you get your hands on some WBTC, we recommend researching and getting familiar with the DeFi ecosystem.

What makes Wrapped Bitcoin different?

WBTC is unique because it allows you to enter and use the DeFi ecosystem with only BTC. Before WBTC was created, the only way to use the DeFi ecosystem was to invest your BTC into ETH or an ERC-20 token of your choosing. Since the crypto market is volatile, it's uncertain whether you're making a good investment in the right ERC-20 token before even entering the DeFi space. But WBTC solves this by allowing you to get a token which has a 1 to 1 value with BTC.

Is Wrapped Bitcoin a good investment?

This will depend on whether you believe that Bitcoin is a good investment. Wrapped Bitcoin seems to have a bright future in the crypto market, mainly because of its usefulness in the DeFi ecosystem. There are also more ways that WBTC can be used, such as adapting it to another blockchain technology besides Ethereum. While their value seems to be on the rise, you should keep in mind that the crypto market is volatile. If you do plan to invest in WBTC, you should only invest an amount that you are willing to lose.

Why is the WBTC token valuable?

The main value WBTC tokens hold is that they are allowing BTC owners to expand their crypto investments onto the Ethereum blockchain. It allows them to use BTC in the entire DeFi ecosystem with much lower transaction fees.

What is the current price of WBTC tokens?

On , the price of WBTC is .

How many WBTC tokens are left?

There are currently tokens, while there are  tokens in circulation.

How do I get WBTC tokens?

The easiest way is to buy WBTC on exchanges that list wrapped Bitcoin - examples include Binance, Coinbase Pro and OKEx. Alternatively, you could use your BTC to mint some Wrapped Bitcoin, but this is generally only advisable for advanced users.

Are WBTC tokens legal?

While the use of cryptocurrencies varies between countries and regions, more and more of them are legalizing and allowing their use. You can check out the full list of the legal status for cryptocurrencies in countries here.

Are Wrapped Bitcoin transaction fees high?

Fees for wrapping and unwrapping BTC are fairly low, usually around 0.25%. The fees for transacting with WBTC are the same as the fees for transacting with any other ERC20 token on the Ethereum blockchain and can vary substantially depending on Ethereum network conditions. More complex DeFi transactions are likely to incur higher fees than simple transfers.

Is Wrapped Bitcoin safe?

The technology behind WBTC is deemed safe to use. One of the concerns that users have is the centralization of the cryptocurrency. When converting your BTC, all of it will be stored at BitGo. However, BitGo has a governance component to it. They developed a DAO system where a number of members in DeFi space can vote on who is part of the ecosystem. This is done through a ‘M of N’ cryptographic signature scheme that they have developed.

It should also be said that BitGo is one of the most reputable custodians in the cryptocurrency industry and has advanced security protocols.

Of course, the fact that the BTC backing WBTC is custodied by a third party might be a deal breaker in itself, depending on what views you have on cryptocurrency.

Where can you store WBTC?

You can store your WBTC in any wallet that supports ERC-20 tokens, like Trezor or Ledger.

How do you cash out WBTC?

Not a lot of exchanges offer the option to exchange your WBTC for fiat currencies. The best option would be to simply convert your WBTC to BTC or ETH on an exchange and then cash out those coins.

Wrapped Bitcoin News

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WBTC
Wrapped Bitcoin
$?64,252
5.28% Last 24h
Alternative