Bitcoin
Market Open
13 Sep, 07:09
$
77,259. 40
-147.9
-0.1911%
$
4 Volume
$ 77,407.3
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WBTCUSD Overview
WBTCUSD denotes the market price of Bitcoin (WBTC) expressed in United States dollars. It shows how much USD is required to purchase one unit of WBTC at prevailing market rates and is used to value the token in fiat terms.
Wrapped Bitcoin (WBTC) is an ERC-20 token that represents Bitcoin on the Ethereum blockchain. Launched in 2019 by a consortium including BitGo, Kyber Network and Ren and governed through a decentralized group of custodians and merchants, WBTC is backed 1:1 by BTC held in custody and is minted or burned to maintain that peg. The token combines Bitcoin’s economic exposure with Ethereum’s smart-contract compatibility.
The WBTCUSD quote is driven by the same basic forces as other crypto pairs: supply and demand across centralized exchanges and decentralized venues, liquidity provision, and arbitrage activity that ties WBTC to spot BTC. Market sentiment, regulatory developments, macroeconomic data and U.S. dollar movements also influence price formation and short-term volatility.
WBTCUSD is important because it enables market participants to access Bitcoin liquidity within Ethereum-based applications, serving as collateral, a medium for lending and yield strategies, and a vehicle for arbitrage between Bitcoin and DeFi markets.
Volatility on WBTCUSD typically mirrors that of BTC, while liquidity is generally deep on major platforms; nonetheless spreads and execution costs can widen during market stress or high network fees.
Wrapped Bitcoin (WBTC) is an ERC-20 token that represents Bitcoin on the Ethereum blockchain. Launched in 2019 by a consortium including BitGo, Kyber Network and Ren and governed through a decentralized group of custodians and merchants, WBTC is backed 1:1 by BTC held in custody and is minted or burned to maintain that peg. The token combines Bitcoin’s economic exposure with Ethereum’s smart-contract compatibility.
The WBTCUSD quote is driven by the same basic forces as other crypto pairs: supply and demand across centralized exchanges and decentralized venues, liquidity provision, and arbitrage activity that ties WBTC to spot BTC. Market sentiment, regulatory developments, macroeconomic data and U.S. dollar movements also influence price formation and short-term volatility.
WBTCUSD is important because it enables market participants to access Bitcoin liquidity within Ethereum-based applications, serving as collateral, a medium for lending and yield strategies, and a vehicle for arbitrage between Bitcoin and DeFi markets.
Volatility on WBTCUSD typically mirrors that of BTC, while liquidity is generally deep on major platforms; nonetheless spreads and execution costs can widen during market stress or high network fees.
WBTCUSD Chart
BitGo Moves $7.7B WBTC Infrastructure to Chainlink in Major Cross-Chain Security Upgrade
Infrastructure transfer: BitGo designated Chainlink CCIP as the exclusive cross-chain provider for WBTC, backed by $7.7 billion in value. Technical substitution: Chainlink formally replaces LayerZero as the default architecture for the wrapped token and future digital assets issued by BitGo.
Crypto-economy | 1 month ago
Bitgo Shifts WBTC Infrastructure to Chainlink in Security Push
Crypto infrastructure firm Bitgo is replacing Layerzero with Chainlink as the exclusive cross-chain infrastructure provider for wrapped bitcoin (WBTC), marking a major change in how the $7.7 billion token will move across blockchain networks.
News | 1 month ago
BitGo Transitions $7.3B WBTC Cross-Chain Operations to Chainlink CCIP
BitGo designates Chainlink CCIP as the sole cross-chain infrastructure for WBTC operations.
Blockonomi | 1 month ago
WBTCUSD FAQ
What is the current Bitcoin price?
The current price is $77,259.400000, based on the latest trades across major cryptocurrency exchanges.
What does the price change mean?
The price has changed by -147.9 (-0.1911%), showing how much the asset has moved compared to the previous close.
What is the previous close for Bitcoin?
The previous close was $77,407.300000, which serves as a reference point to measure daily performance.
How is the daily change percentage calculated?
The change percentage (-0.1911%) is calculated based on the difference between the current price and the previous closing price.
What does the daily range show?
The range reflects the lowest ($77,034.300000) and highest ($77,410.500000) prices traded during the selected period, helping assess volatility.
Why is Bitcoin (WBTC) moving today?
Price movements in Bitcoin are driven by market sentiment, trading volume, news, adoption, and overall crypto market conditions.
Is the current trend bullish or bearish?
If the current price ($77,259.400000) is below the previous close ($77,407.300000), it indicates upward momentum. If below, it suggests a downward trend.
Where can I see live charts for Bitcoin?
You can view real-time charts, price updates, and market data for Bitcoin (WBTC) directly on this page.
