WBTC Price Update: July 4, 2025
The current price of Wrapped Bitcoin (WBTC) stands at $108,906**, reflecting a **-0.86%** decline over the past 24 hours. WBTC is actively traded across 28 exchanges, with a 24-hour trading volume of **$51,575,642 (474 WBTC coins exchanged).
Key Market Movements:
- Opening Price: $109,508 (currently -0.55% from open)
- Resistance Level: Failed to sustain momentum above $109,600
- 30-Day Performance: Down -1.27% from peak
- 7-Day Performance: Up 3.41% from recent lows
Critical Levels to Watch:
- Support: $107,808 (breach may lead to $105,793)
- Resistance: $111,601 (requires holding above $107,808)
👉 Track WBTC’s real-time price movements
Wrapped Bitcoin (WBTC) Essentials
Token Overview
- Blockchain: Ethereum (ERC-20 token)
- Launch Date: November 2018
- Circulating Supply: 133K WBTC
- Market Cap: $14B (Ranked #13)
Historical Performance
- All-Time High: $110,767 (May 22, 2025)
- 52-Week Range: $49,967–$111,601
- Current Position: +10.73% from post-ATH low ($98,356)
Trading Insights
- Average Volume (2018 Cohort): $9M
- WBTC Volume: $52M (significantly above average)
FAQs About Wrapped Bitcoin (WBTC)
1. What is WBTC’s primary use case?
WBTC enables Bitcoin holders to participate in Ethereum-based DeFi applications while maintaining BTC’s value peg.
2. How does WBTC maintain its 1:1 Bitcoin peg?
A consortium of custodians holds reserve BTC, with regular audits to ensure full collateralization.
3. Why is WBTC’s trading volume higher than similar tokens?
Its integration with major DeFi protocols and centralized exchanges drives liquidity demand.
4. What risks are associated with WBTC?
Smart contract vulnerabilities and centralization in custodianship are key considerations.
5. How does WBTC compare to other wrapped assets?
👉 Explore WBTC vs. other cross-chain solutions
6. Where can I securely store WBTC?
ERC-20 compatible wallets like MetaMask or Ledger support WBTC.
Market Outlook
WBTC remains a critical bridge between Bitcoin’s store-of-value and Ethereum’s programmable finance. Traders should monitor Ethereum network fees, as high gas costs can temporarily disrupt WBTC’s arbitrage mechanisms. Long-term adoption hinges on the growth of BTC-centric DeFi use cases beyond simple tokenization.