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Wrapped Bitcoin price

Wrapped Bitcoin priceWBTC

Listed
Buy
$104,525.32USD
-2.86%1D
The price of Wrapped Bitcoin (WBTC) in United States Dollar is $104,525.32 USD.
Wrapped Bitcoin price USD live chart (WBTC/USD)
Last updated as of 2025-11-04 07:44:33(UTC+0)

Wrapped Bitcoin market Info

Price performance (24h)
24h
24h low $104,467.224h high $108,074.77
All-time high (ATH):
$125,777.45
Price change (24h):
-2.86%
Price change (7D):
-8.45%
Price change (1Y):
+51.91%
Market ranking:
#9144
Market cap:
$13,288,355,802.02
Fully diluted market cap:
$13,288,355,802.02
Volume (24h):
$726,095,297.42
Circulating supply:
127.13K WBTC
Max supply:
--
Total supply:
127.13K WBTC
Circulation rate:
99%
Contracts:
0x2f2a...efC5B0f(Arbitrum)
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Links:
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Live Wrapped Bitcoin price today in USD

The live Wrapped Bitcoin price today is $104,525.32 USD, with a current market cap of $13.29B. The Wrapped Bitcoin price is down by 2.86% in the last 24 hours, and the 24-hour trading volume is $726.10M. The WBTC/USD (Wrapped Bitcoin to USD) conversion rate is updated in real time.
How much is 1 Wrapped Bitcoin worth in United States Dollar?
As of now, the Wrapped Bitcoin (WBTC) price in United States Dollar is valued at $104,525.32 USD. You can buy 1WBTC for $104,525.32 now, you can buy 0.{4}9567 WBTC for $10 now. In the last 24 hours, the highest WBTC to USD price is $108,074.77 USD, and the lowest WBTC to USD price is $104,467.2 USD.
AI analysis
Today's hot spots in the crypto market

The cryptocurrency market is buzzing on November 3, 2025, as a blend of institutional adoption, pivotal technological upgrades, and evolving regulatory landscapes drive significant activity. While Bitcoin navigates a crucial price point, Ethereum prepares for a transformative upgrade, and altcoins show dynamic movements. The overall sentiment remains cautiously optimistic, with analysts eyeing historical November trends for potential market surges.

Market Performance and Bitcoin's Steady Ascent Today finds Bitcoin (BTC) hovering around the $110,000 mark, with a noticeable short-term surge contributing to a $33 billion increase in total crypto market capitalization within hours, led by BTC, Ethereum, and XRP. This reflects a renewed, albeit short-term, optimism and a potential reaccumulation phase by institutional players. Looking ahead, historical data suggests that November is often a strong month for Bitcoin, with an average gain of over 40% across previous years. This historical pattern, combined with sustained inflows into Bitcoin Exchange-Traded Funds (ETFs), fuels predictions of a potential rally towards $125,000 to $135,000 by year-end.

Ethereum's Transformative Upgrades and Growing Influence Ethereum (ETH) is currently trading below $4,000 but is positioned for significant infrastructural enhancements. The much-anticipated Fusaka upgrade is slated for a mainnet activation on December 3, following successful testnet deployments. This upgrade focuses on boosting scalability, improving efficiency, and lowering gas costs through critical Ethereum Improvement Proposals (EIPs) like PeerDAS and an increased gas limit. Such developments are expected to strengthen Ethereum's position and potentially lead to a surge in its market share, especially given that ETH ETFs have attracted substantial inflows, even surpassing Bitcoin in Q3 2025.

The Institutional Tidal Wave in Full Force Institutional adoption continues to be a dominant theme, marking 2025 as a pivotal year for mainstream integration. Idle institutional capital is increasingly flowing into Bitcoin-native DeFi solutions, signifying a shift beyond mere exposure to yield-bearing opportunities. The Total Value Locked (TVL) in Bitcoin DeFi has seen an impressive surge. A recent report revealed that 172 public companies now collectively hold over one million Bitcoin, totaling $117 billion as of Q3 2025, representing a 39% increase in corporate participation from the previous quarter. Furthermore, the likelihood of spot XRP ETF approvals by the end of 2025 is exceedingly high, promising substantial institutional inflows, building on the success of existing spot Bitcoin ETFs and Bitwise’s recently approved Solana Staking ETF. Even traditional finance giants like Mastercard and Visa are deepening their involvement, with Mastercard reportedly in advanced talks to acquire a stablecoin infrastructure platform and Visa integrating traditional banking services with crypto-native solutions, particularly via stablecoins.

Evolving Regulatory Landscape for Digital Assets Regulatory frameworks are maturing globally, fostering greater confidence among institutional investors. The United States enacted the GENIUS Act in July 2025, providing a foundational framework for stablecoins. The Securities and Exchange Commission’s (SEC) Crypto Task Force is actively engaging with industry stakeholders to chart a clearer regulatory path, prioritizing innovation alongside investor protection. In Australia, the Australian Securities and Investments Commission (ASIC) has updated its guidance, clarifying when digital assets constitute financial products and granting transitional relief for businesses, notably stating that Bitcoin is unlikely to be classified as a financial product. Canada's Office of the Superintendent of Financial Institutions (OSFI) also implemented new guidelines effective November 1, 2025, limiting institutional exposure to certain crypto-assets.

Altcoin Dynamics and Key Ecosystem Innovations Beyond Bitcoin and Ethereum, the altcoin market is vibrant and multifaceted. XRP has emerged as a strong performer, achieving the fourth-largest market capitalization, driven by institutional interest and the anticipation of ETF approvals. Solana continues to attract attention with its rapid transaction processing and expanding ecosystem. However, this week also sees a significant number of token unlocks for several altcoins, including ICNT, STO, FLX, ENA, MAVIA, SXT, MOVE, and BSU, which could introduce selling pressure. Conversely, new listings, such as Kite ($KITE) on Binance today, and Marina Protocol ($BAY) on Binance Alpha with an accompanying airdrop, offer fresh opportunities. The NFT market is showing strong signs of recovery, with Q3 2025 recording $1.58 billion in trading volume, driven by utility-focused NFTs, particularly in gaming, and growing activity on Bitcoin Ordinals alongside Ethereum and Solana. The DeFi sector has seen a slight uptick in Total Value Locked (TVL), now at $150.103 billion.

Concluding Thoughts As November 2025 unfolds, the crypto market is characterized by a significant influx of institutional capital, strategic regulatory advancements, and continuous technological innovation, particularly within the Ethereum ecosystem. While some altcoins face supply-side pressures from unlocks, others are gaining traction due to whale accumulation and new listings. The market appears to be in a healthy consolidation phase, setting the stage for potential growth driven by both established and emerging trends.

The AI-summarized content may not be fully accurate. Please verify the information from multiple sources. The above does not constitute investment advice.
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Do you think the price of Wrapped Bitcoin will rise or fall today?

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Voting data updates every 24 hours. It reflects community predictions on Wrapped Bitcoin's price trend and should not be considered investment advice.
The following information is included:Wrapped Bitcoin price prediction, Wrapped Bitcoin project introduction, development history, and more. Keep reading to gain a deeper understanding of Wrapped Bitcoin.

Wrapped Bitcoin price prediction

When is a good time to buy WBTC? Should I buy or sell WBTC now?

When deciding whether to buy or sell WBTC, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget WBTC technical analysis can provide you with a reference for trading.
According to the WBTC 4h technical analysis, the trading signal is Strong sell.
According to the WBTC 1d technical analysis, the trading signal is Strong sell.
According to the WBTC 1w technical analysis, the trading signal is Sell.

What will the price of WBTC be in 2026?

In 2026, based on a +5% annual growth rate forecast, the price of Wrapped Bitcoin(WBTC) is expected to reach $114,666.86; based on the predicted price for this year, the cumulative return on investment of investing and holding Wrapped Bitcoin until the end of 2026 will reach +5%. For more details, check out the Wrapped Bitcoin price predictions for 2025, 2026, 2030-2050.

What will the price of WBTC be in 2030?

In 2030, based on a +5% annual growth rate forecast, the price of Wrapped Bitcoin(WBTC) is expected to reach $139,378.29; based on the predicted price for this year, the cumulative return on investment of investing and holding Wrapped Bitcoin until the end of 2030 will reach 27.63%. For more details, check out the Wrapped Bitcoin price predictions for 2025, 2026, 2030-2050.

About Wrapped Bitcoin (WBTC)

What Is Wrapped Bitcoin?

Wrapped Bitcoin (WBTC) is a tokenized version of Bitcoin on Ethereum. It represents Bitcoin in a 1:1 ratio, where each WBTC token is backed by an equal amount of Bitcoin held in reserve by custodians. These custodians are reputable entities responsible for safeguarding the underlying Bitcoin and minting new WBTC tokens when users deposit Bitcoin, and more.

The primary purpose of WBTC is to enable Bitcoin holders to access the world of DeFi. Since Ethereum has become more popular in decentralized finance, a significant portion of DeFi applications, protocols, and services are built on its blockchain. By wrapping Bitcoin in an ERC-20 token format, it becomes compatible with the Ethereum network, opening up a multitude of possibilities for the holders.

Resources

Whitepaper: https://www.wbtc.network/assets/wrapped-tokens-whitepaper.pdf

Official website: https://wbtc.network

How does Wrapped Bitcoin work?

The process of obtaining Wrapped Bitcoin is relatively straightforward. Users who wish to access DeFi services using their Bitcoin start by depositing their BTC into a designated custodial address. These custodians are reputable and audited entities responsible for holding the Bitcoin reserves in a secure and transparent manner.

Once the Bitcoin is verified and confirmed, an equivalent amount of WBTC is minted and issued to the user's Ethereum address. This WBTC is now fungible and can be seamlessly traded, lent, borrowed, and utilized within various DeFi protocols. It retains its one-to-one peg with the original Bitcoin, which ensures that WBTC holders can always redeem it for the same amount of Bitcoin as the reserve.

The interoperability of WBTC with Ethereum's smart contracts empowers users to access a diverse range of decentralized financial products, including decentralized exchanges, lending platforms, yield farming, and more, while still benefiting from Bitcoin's underlying value and security.

What Determines Wrapped Bitcoin's Price?

The wrapped Bitcoin price (WBTC price today) is influenced by various factors, primarily dictated by its peg to Bitcoin (BTC). WBTC is an ERC-20 token on the Ethereum blockchain, backed one-to-one with Bitcoin. Consequently, the current WBTC price often mirrors its underlying asset, Bitcoin. In other words, the real-time wrapped Bitcoin price and the BTC/USD exchange rate are closely tied. The WBTC/USD exchange rate is highly dependent on the BTC/USD exchange rate. Additionally, the WBTC market cap—a reflection of the total value of all WBTC tokens in circulation—plays a crucial role in determining WBTC price stability.

You can explore the WBTC price history through the Wrapped Bitcoin price chart, which usually shows a strong correlation with Bitcoin's price movements. However, the WBTC trading price isn't solely influenced by the Bitcoin to USD rate. Other factors like liquidity, demand in decentralized finance (DeFi) platforms, and overall market sentiment in the cryptocurrency sphere also play a role. WBTC price analysis often includes considerations like its utility in DeFi lending platforms, derivatives platforms, and decentralized exchanges (DEXs). Live WBTC price updates and WBTC price forecast models are also shaped by the regulatory landscape and any significant crypto market news.

The creation (minting) and destruction (burning) of WBTC tokens are managed by a decentralized autonomous organization (DAO). This organization involves various merchants and custodians, ensuring that WBTC price live updates reflect the actual BTC reserves, thereby adding another layer of trust and stability to the WBTC exchange rate.

So, if you find yourself asking, "How much is wrapped Bitcoin?", the answer usually lies in its peg to Bitcoin, its utility in Ethereum-based DeFi ecosystems, and broader market conditions. Whether you're looking at the WBTC price in EUR, GBP, or any other currency, these key factors will guide you in understanding the price of wrapped Bitcoin.

Conclusion

In conclusion, Wrapped Bitcoin has revolutionized the cryptocurrency landscape by enabling Bitcoin holders to tap into the vast potential of DeFi without relinquishing ownership of their valuable BTC. Its seamless integration with the Ethereum ecosystem has brought new opportunities for both Bitcoin and DeFi enthusiasts, fostering further collaboration between the two worlds.

It's important to note that like any other cryptocurrencies, Wrapped Bitcoin carries its own risks and it's always wise to do your own research and exercise caution while investing.

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Bitget Insights

Eugene Bulltime_
Eugene Bulltime_
11h
BTC.b Distribution is one of the main reasons for the acquisition. Avalanche held 5,000 BTC, of ​​which almost 80% is actively used in DeFi. The majority of this—59% - is held on Aave, further confirming the use case of BTC as a collateral. Interestingly, the DeFi Utilization of BTC.b is even higher than that of LBTC, which is 73%. The team's next step is to launch BTC.b on Ethereum using LayerZero to reach the largest whales holding WBTC. Soon Lombard's team will begin to sell their solution to largest capital in Web3 market and their growth should be huge. The hunt for WBTC has begun.
BTC-2.06%
WBTC-1.72%
Bpay-News
Bpay-News
17h
Balancer Protocol, a decentralized finance platform, has reportedly been exploited through a vulnerability in its smart contracts. The attack resulted in a loss of approximately $23 million in #Ethereum ($ETH) and $2.4 million in the Wrapped #Bitcoin (WBTC) token, totaling around $28.3 million. The Balancer team has confirmed the incident and is investigating the exploit.
ETH-3.47%
WBTC-1.72%
tim_mon
tim_mon
1d
For over a decade, Bitcoin has stood as the undisputed king of the cryptocurrency world—recognized for its security, decentralization, and immutability. Yet, despite its dominance, Bitcoin has largely remained isolated from the thriving world of Decentralized Finance (DeFi). While Ethereum, Solana, and Cardano have blossomed into ecosystems brimming with smart contracts, lending platforms, and decentralized exchanges, Bitcoin’s ecosystem has lagged behind in programmability. This divide has long frustrated developers, investors, and Bitcoin holders eager to leverage their BTC in broader DeFi opportunities without compromising its security. Enter $BOS (Bridge Operating System)—a protocol designed to bridge Bitcoin with other smart contract networks. The $BOS ecosystem is emerging as a technological and economic bridge that could finally link Bitcoin’s immense liquidity to the world of programmable finance. Through multi-chain interoperability, secure bridging mechanisms, and incentive-aligned tokenomics, $BOS is positioning itself as the missing link between Bitcoin and DeFi—a unifying layer that enables Bitcoin to go beyond being “digital gold” to become an active participant in the decentralized economy. --- 1. The Problem: Bitcoin’s Isolation from DeFi Bitcoin was never designed for programmability. Its scripting language is intentionally limited to prioritize security and simplicity. While this has made Bitcoin resilient to hacks and censorship, it also prevents developers from deploying complex DeFi applications directly on its blockchain. Meanwhile, DeFi ecosystems like Ethereum, Solana, and Cardano have matured into thriving financial laboratories, hosting thousands of applications facilitating lending, staking, trading, derivatives, and synthetic assets. Billions of dollars circulate daily in these ecosystems—but Bitcoin’s liquidity is largely absent from this movement. Solutions like Wrapped Bitcoin (WBTC) have attempted to bring BTC into DeFi, but they rely heavily on centralized custodians or intermediaries. These models compromise Bitcoin’s fundamental principle of trustlessness. The lack of a secure, decentralized bridge has been the major obstacle keeping Bitcoin sidelined from DeFi’s exponential growth. This is where $BOS steps in as a transformative layer, designed to bridge Bitcoin with DeFi ecosystems in a way that is secure, decentralized, and scalable. --- 2. The $BOS Solution: Bridging Bitcoin to Smart Contract Chains The $BOS protocol introduces a multi-chain architecture that allows Bitcoin to interact directly with smart contract blockchains like Ethereum, Solana, and Cardano, without the need for centralized custodians. By leveraging advanced interoperability layers and Bitcoin-native verification methods, $BOS allows BTC and other Bitcoin-based assets to flow seamlessly across networks. The key innovation lies in how $BOS integrates Bitcoin’s UTXO model with smart contract-compatible environments. This integration enables Bitcoin holders to deposit BTC into the $BOS bridge, receive a wrapped or synthetic representation on another chain, and use that asset across DeFi protocols—all while maintaining verifiable ownership tied back to the Bitcoin network. In essence, $BOS acts as a trustless interoperability layer, enabling cross-chain liquidity, asset composability, and programmable interactions involving Bitcoin. --- 3. How $BOS Enables DeFi on Bitcoin Through its bridging framework, $BOS effectively brings DeFi capabilities to Bitcoin. Here’s how: Cross-Chain Smart Contract Access: Bitcoin users can now access Ethereum or Solana DeFi protocols—such as lending platforms or decentralized exchanges—using wrapped BTC via $BOS bridges. This makes Bitcoin interoperable with multiple ecosystems. Yield Generation: Instead of simply holding BTC as a store of value, users can deploy it to earn yields on decentralized lending protocols or liquidity pools, unlocking new earning opportunities. Decentralized Applications on Bitcoin: With the rise of Bitcoin Layer-2 networks, $BOS serves as a cross-connector that lets dApps built on other chains integrate Bitcoin liquidity directly. NFTs and Tokenization: Through cross-chain bridges, $BOS can enable Bitcoin to participate in the growing tokenization economy—minting NFTs or asset-backed tokens that reference BTC holdings. This creates a multi-chain financial mesh, where Bitcoin becomes an active capital base rather than a dormant store of wealth. --- 4. $BOS ’s Competitive Edge Over Other Bitcoin Layer-2s Other Bitcoin-focused projects like Stacks and RSK have tried to enable smart contracts on Bitcoin, but they come with limitations—either relying on their own token economies or introducing degrees of centralization. $BOS differentiates itself by: Being Chain-Agnostic: It is not limited to a single Layer-2 or ecosystem. It bridges Bitcoin to multiple major smart contract networks simultaneously. Enhanced Security: $BOS uses verifiable Bitcoin signatures and cryptographic proofs to maintain decentralized bridging—avoiding custodial risk. Liquidity Amplification: By enabling Bitcoin’s liquidity to flow across chains, $BOS enhances the capital efficiency of the broader DeFi ecosystem. Token Utility: The $BOS token itself plays a vital role in governance, bridge validation, and incentivizing liquidity providers—ensuring the ecosystem remains decentralized and economically sustainable. This architecture places $BOS at the intersection of Bitcoin maximalism and DeFi innovation, combining the trust and security of Bitcoin with the agility of modern smart contract platforms. --- 5. Economic Impact: Unlocking Bitcoin’s Trillions for DeFi Bitcoin’s market capitalization exceeds $1 trillion, yet less than 1% of that value is active in DeFi. If even a small percentage of this capital were mobilized via the $BOS bridge, it could dramatically expand the liquidity and stability of the entire DeFi sector. DeFi platforms thrive on liquidity, and Bitcoin remains the largest untapped reservoir of it. By connecting BTC liquidity through $BOS , decentralized applications across Ethereum, Solana, Cardano, and beyond could see: Deeper liquidity pools Lower volatility Enhanced yield opportunities Increased interoperability between ecosystems This not only benefits Bitcoin holders but also strengthens the overall resilience and scalability of the DeFi market. --- 6. The Broader Vision: Bitcoin as a DeFi Backbone The long-term vision of $BOS is to position Bitcoin as the financial backbone of the decentralized economy. Instead of Bitcoin being a passive reserve asset, $BOS transforms it into an active layer of capital—fueling lending, governance, tokenization, and liquidity markets across chains. Moreover, $BOS ’s multi-chain design aligns perfectly with the future of Web3, where users, assets, and applications are not confined to one blockchain but operate seamlessly across networks. This interoperability-first approach ensures Bitcoin maintains relevance in a world increasingly dominated by programmable finance. --- 7. Conclusion: $BOS as the Key to Bitcoin’s DeFi Renaissance $BOS represents a new paradigm in blockchain interoperability—one that bridges Bitcoin’s unmatched security and liquidity with the innovation and flexibility of DeFi ecosystems. By building a secure, decentralized, and multi-chain bridge, $BOS empowers Bitcoin to finally participate in the evolving world of decentralized applications. If successful, $BOS won’t just connect Bitcoin to DeFi—it will redefine Bitcoin’s role entirely, transforming it from a passive store of value into the core liquidity engine of a multi-chain financial future. In many ways, $BOS is not merely a bridge—it’s the missing link that brings together the two most powerful forces in blockchain: the trust of Bitcoin and the innovation of DeFi. And through this fusion, $BOS could help unlock the next great chapter in decentralized finance—the Bitcoin-powered DeFi revolution.
BTC-2.06%
ETH-3.47%
Tpjoshua
Tpjoshua
4d
Why BOS (X version) could unlock value via [key innovation]”
Let’s develop it step-by-step so you can turn it into a research paper, blog post, or presentation. 🧭 Step 1. Pick the exact BOS version There are several “BOS” tokens — the right one defines your key innovation. Here are your main options and what each is known for: BOS VersionBlockchain / EcosystemCore InnovationTypical AudienceBitcoinOS (BOS)Bitcoin layer / BTCFiSmart contracts & programmable BitcoinTech + investors (BTC maximalists)BOScoinStand-alone blockchain“Trust Contracts” & self-evolving governanceGovernance / research crowdBank of Shibarium (BOS)Shibarium / EthereumShiba ecosystem DeFi tokenomicsMeme/DeFi traders For most high-value research or analysis, BitcoinOS (BOS) is the best candidate — it’s current, ambitious, and links to the Bitcoin programmable layer narrative. 🧩 Step 2. Define your key innovation If you choose BitcoinOS (BOS), the “key innovation” could be summarized as: “Turning Bitcoin into a programmable, yield-generating, smart-contract ecosystem.” That gives you your title: “Why BitcoinOS (BOS) could unlock value via programmable Bitcoin.” 🧱 Step 3. Suggested structure / outline 1. Introduction Short recap of Bitcoin’s limitation: store of value but limited programmability. Introduce BOS (BitcoinOS) — a new layer aiming to “activate” idle Bitcoin capital. Hook example: “With over $2.2 trillion in dormant Bitcoin liquidity, BitcoinOS (BOS) promises to make Bitcoin not just a store of value, but a foundation for decentralized finance.” 2. The key innovation: programmable Bitcoin How BOS adds smart-contract functionality to Bitcoin (similar to Ethereum or Stacks but with unique architecture). Overview of how users can stake, lend, and deploy dApps while still using BTC as collateral. Diagram idea: show flow of BTC → wrapped BTC on BOS → used in DeFi apps → yield / burn mechanics. 3. Tokenomics and value unlocking BOS Token utility: governance, staking, transaction fees. Value flywheel: BTC liquidity locked → smart contract activity rises → BOS demand grows → token value potentially increases. Mention supply cap, burn policy, staking yields (e.g., 55% APY claims from launch materials). 4. Market opportunity Compare total BTC supply (21 M) vs active liquidity on Ethereum (wBTC, tBTC). Estimate potential market share if BOS captures even 1–5% of idle Bitcoin value. Discuss institutional interest in BTC yield products. 5. Competition and differentiation Compare BOS with Stacks, Rootstock (RSK), and sBTC initiatives. BOS differentiator: possibly faster onboarding, CEX listings, integrated DeFi protocols, and more aggressive token incentives. 6. Risks and challenges Technical: security of bridging BTC → BOS. Regulatory: yield generation on Bitcoin could draw scrutiny. Market: adoption risk — will Bitcoin users actually migrate? Sustainability of high APYs. 7. Conclusion: Why BOS matters Summarize that BOS’s innovation could unlock massive latent Bitcoin value if it overcomes trust and adoption hurdles. End with a forward-looking question: “Can BitcoinOS truly merge Bitcoin’s trust with DeFi’s flexibility — or will Bitcoin remain a sleeping giant?” 🧾 Optional angles Investor brief: “BOS’s potential ROI and associated risks.” Technical deep-dive: Smart contract architecture and bridging mechanism. Comparative study: BOS vs Stacks vs Rootstock. Adoption strategy: How to drive Bitcoin holders to engage with BOS DeFi.
BTC-2.06%
BOS-1.05%

WBTC/USD price calculator

WBTC
USD
1 WBTC = 104,525.32 USD. The current price of converting 1 Wrapped Bitcoin (WBTC) to USD is 104,525.32. This rate is for reference only.
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Wrapped Bitcoin ratings
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100 ratings

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Contracts:
0x2f2a...efC5B0f(Arbitrum)
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What is Wrapped Bitcoin and how does Wrapped Bitcoin work?

Wrapped Bitcoin is a popular cryptocurrency. As a peer-to-peer decentralized currency, anyone can store, send, and receive Wrapped Bitcoin without the need for centralized authority like banks, financial institutions, or other intermediaries.
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FAQ

How is the value of Wrapped Bitcoin (WBTC) maintained at a 1:1 ratio with Bitcoin (BTC)?

The 1:1 pegging of Wrapped Bitcoin (WBTC) to Bitcoin is achieved through a system of custodians and merchants. When someone wants to mint WBTC, they deposit BTC with a custodian. In return, the custodian issues the equivalent amount of WBTC to the user. When someone wishes to redeem their WBTC for BTC, the process is reversed: the WBTC is burned or removed from circulation, and the custodian releases the equivalent amount of BTC. Periodic audits ensure that the amount of BTC held by custodians matches the circulating supply of WBTC.

Why would someone use Wrapped Bitcoin (WBTC) instead of Bitcoin (BTC)?

The primary reason to use Wrapped Bitcoin (WBTC) over BTC is to leverage Bitcoin's value in the Ethereum ecosystem. WBTC allows Bitcoin holders to participate in Ethereum-based decentralized applications, particularly DeFi platforms. This can provide access to lending, borrowing, yield farming, liquidity mining, and other financial services that aren't natively available on the Bitcoin blockchain. Essentially, WBTC bridges the gap between the two largest cryptocurrency networks.

Why is the price of Wrapped Bitcoin (WBTC) similar to that of Bitcoin (BTC)?

Wrapped Bitcoin (WBTC)'s price closely tracks BTC's because of its 1:1 peg. For every WBTC in circulation, there's an equivalent amount of BTC held by custodians. This ensures WBTC's value should, theoretically, align with BTC's. However, minor price fluctuations may arise due to factors like market demand, liquidity, or decentralized exchange rates, though these differences are typically short-lived.

What happens to the value of Wrapped Bitcoin (WBTC) if the price of Bitcoin crashes?

Since Wrapped Bitcoin (WBTC) is pegged to Bitcoin on a 1:1 basis, a significant change in the price of Bitcoin will similarly impact the value of WBTC. If Bitcoin's price were to decrease dramatically, WBTC's price would follow suit. It's essential for investors and users to remember that holding WBTC exposes them to the same market risks as holding BTC.

Can I mine Wrapped Bitcoin (WBTC)?

Unlike Bitcoin or other proof-of-work cryptocurrencies, Wrapped Bitcoin (WBTC) cannot be mined. As an ERC-20 token on Ethereum's network, WBTC's supply corresponds to the BTC amount deposited with custodians. Instead of mining, Bitcoin can be "locked up" to mint WBTC and "burned" to redeem BTC. While one can mine Bitcoin and subsequently convert it to WBTC, WBTC itself is not directly mineable.

Is Wrapped Bitcoin (WBTC) safe?

While Wrapped Bitcoin (WBTC) has mechanisms to ensure a 1:1 peg with Bitcoin and undergoes periodic audits, there are some risks involved. Centralization risk arises because custodians hold the actual BTC backing WBTC. Additionally, as with any smart contract-based system, there's a risk of potential bugs or vulnerabilities in the WBTC contract. As always, potential users should conduct thorough research and perhaps consult with financial professionals before making decisions.

What is the current price of Wrapped Bitcoin?

The live price of Wrapped Bitcoin is $104,525.32 per (WBTC/USD) with a current market cap of $13,288,355,802.02 USD. Wrapped Bitcoin's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Wrapped Bitcoin's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Wrapped Bitcoin?

Over the last 24 hours, the trading volume of Wrapped Bitcoin is $726.10M.

What is the all-time high of Wrapped Bitcoin?

The all-time high of Wrapped Bitcoin is $125,777.45. This all-time high is highest price for Wrapped Bitcoin since it was launched.

Can I buy Wrapped Bitcoin on Bitget?

Yes, Wrapped Bitcoin is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy wrapped-bitcoin guide.

Can I get a steady income from investing in Wrapped Bitcoin?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Wrapped Bitcoin with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

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Cryptocurrency investments, including buying Wrapped Bitcoin online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Wrapped Bitcoin, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Wrapped Bitcoin purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.