What is Coinbase Wrapped BTC?

Coinbase Wrapped BTC (CBBTC) is an altcoin currently ranked 38th by market capitalization across all crypto assets we track. It trades alongside other digital assets across centralized and decentralized venues globally.

Market position

At the current price of $62,340, Coinbase Wrapped BTC carries a market capitalization of $2.97B. Daily trading volume across exchanges sits at roughly $345.58M. That works out to a 24-hour turnover of about 11.63% of the float — elevated turnover, often a signal of active narrative-driven trading.

Price action across timeframes

Over the past 24 hours, Coinbase Wrapped BTC has moved +1.71%; over the past week, Coinbase Wrapped BTC has moved -5.21%.

Cycle position

Coinbase Wrapped BTC is currently trading deeply below its all-time high (all-time high of $126,069, -50.6% from peak). .

Supply & dilution

The circulating supply stands at 47,668 CBBTC. There is no explicit cap on maximum supply — issuance follows a programmatic schedule defined in the protocol.

Volatility profile

Recent price action puts Coinbase Wrapped BTC in the Moderate-volatility bucket. The asset shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual.

How to evaluate Coinbase Wrapped BTC

A balanced read on CBBTC typically considers three lenses:

  • Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
  • Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
  • Comparable assets — how is CBBTC performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.

This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.

Project description

Coinbase Wrapped BTC (CBBTC) is a token that represents Bitcoin on the Ethereum blockchain, allowing users to leverage Bitcoin's value within decentralized finance (DeFi) ecosystems. It retains Bitcoin's properties while enabling interoperability with Ethereum-based applications. Source: CoinPaprika.com