What is Wrapped Bitcoin?
Wrapped Bitcoin (WBTC) is a wrapped asset currently ranked 14th by market capitalization across all crypto assets we track. Wrapped assets mirror the value of an underlying coin from another chain, allowing it to be used in smart contracts where the original cannot natively interact.
Market position
At the current price of $61,773, Wrapped Bitcoin carries a market capitalization of $7.87B. Daily trading volume across exchanges sits at roughly $26.28M. That works out to a 24-hour turnover of about 0.33% of the float — lower than the broad crypto market average, suggesting limited short-term speculative flow.
Price action across timeframes
Over the past 24 hours, Wrapped Bitcoin has moved +0.16%; over the past week, Wrapped Bitcoin has moved -8.22%; over the past 30 days, Wrapped Bitcoin has moved -9.35%; over the past year, Wrapped Bitcoin has moved -32.92%.
Cycle position
Wrapped Bitcoin is currently trading deeply below its all-time high (all-time high of $126,028, -51.0% from peak). . From its all-time low of $6,695, current pricing represents a +823% recovery.
Supply & dilution
The circulating supply stands at 131,178 WBTC. There is no explicit cap on maximum supply — issuance follows a programmatic schedule defined in the protocol.
Volatility profile
Recent price action puts Wrapped Bitcoin in the Moderate-volatility bucket. The asset shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual. Over the past 30 days, the 30-day move totals -9.35%, which traders should weigh against position sizing and stop-loss placement.
How to evaluate Wrapped Bitcoin
A balanced read on WBTC 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 WBTC 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
Wrapped Bitcoin (WBTC) is an ERC-20 token that represents Bitcoin on the Ethereum blockchain, enabling Bitcoin to be used in Ethereum-based applications and decentralized finance (DeFi). It is backed 1:1 by Bitcoin, which makes it a fully-collateralized asset. Source: CoinPaprika.com
