What is Coinbase Wrapped BTC?
Coinbase Wrapped BTC (CBBTC) is an altcoin currently ranked 35th 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 $76,794, Coinbase Wrapped BTC carries a market capitalization of $3.66B. Daily trading volume across exchanges sits at roughly $271.62M. That works out to a 24-hour turnover of about 7.42% of the float — consistent with healthy market activity for a mid-to-large cap asset.
Price action across timeframes
Over the past 24 hours, Coinbase Wrapped BTC has moved -0.72%; over the past week, Coinbase Wrapped BTC has moved -4.89%. Short-term and long-term direction diverge here, which often happens at inflection points where a trend is either reversing or pausing.
Cycle position
Coinbase Wrapped BTC is currently trading well below its all-time high (all-time high of $126,069, -39.1% from peak). A markdown phase — early enough to position, but proceed with care.
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 Low-volatility bucket. The asset has been relatively stable, with moves typical of large-cap, mature assets.
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