Wrapped Bitcoin is an ERC-20 token that represents Bitcoin on Ethereum and, through bridges, on other chains. It launched in January 2019 as a joint project of three organisations rather than a single founder: BitGo, the institutional custody firm; Kyber Network, the on-chain liquidity protocol; and Ren, the cross-chain protocol.
There was never an ICO or a presale. A merchant sends BTC to the custodian, the custodian mints an equal number of WBTC, and burning WBTC releases the BTC back. That is why WBTC has no fixed maximum supply. The supply is simply whatever amount of Bitcoin sits in reserve.
As of 13 November 2026, CoinMarketCap lists 116,479 WBTC in circulation with a market capitalisation of $8.01 billion. Because every token is already circulating, the fully diluted valuation matches the market cap exactly. The official transparency dashboard reported roughly 116,512 BTC in disclosed reserves against a similar supply in September 2026, a small surplus rather than a shortfall. CertiK currently scores the project 4.4.
The custodian vault is the trust point. If those keys are compromised or frozen, the token can trade below the bitcoin behind it.
The custody structure has changed twice in two years, and it is the single biggest variable that separates WBTC from holding spot BTC.
Read that list as a risk ledger, not a hype reel. Each step reduces one risk and introduces another.
Related read: When Will Bitcoin Find Its Bottom?
WBTC trades at $68,793.35 with a market capitalisation of $8.01 billion, down 6.59 percent over the past 24 hours. Bitcoin itself trades at $68,846 on the same timestamp, so the peg is holding within a fraction of a percent even through a sharp selloff.
| Metric | Value, 12 to 13 November 2026 |
|---|---|
| WBTC price | $68,793.35 |
| WBTC price in INR on Mudrex | Rs 69,77,695 |
| 24 hour change | -6.59 percent |
| 7 day change | -11.02 percent |
| 30 day change | -19.72 percent |
| Market capitalisation | $8.01 billion |
| Fully diluted valuation | $8.01 billion |
| 24 hour trading volume | $350.63 million |
| Volume to market cap | 4.36 percent |
| Circulating supply | 116,479 WBTC |
| Total supply | 116,479 WBTC |
| Maximum supply | None, minted against BTC deposits |
| All-time high | $125,777.45 on 6 October 2025 |
| All-time low | $3,330.12 on 6 February 2019 |
| Distance from all-time high | 45.28 percent below |
| 24 hour range | $68,621.56 to $73,602.59 |
| CertiK rating | 4.4 |
Two things stand out. The volume to market cap ratio has jumped to 4.36 percent from 1.76 percent two weeks earlier, with daily turnover more than doubling, which is what forced selling looks like rather than steady accumulation. And the 24 hour range of $68,622 to $73,603 is a 7.2 percent swing in a token that is supposed to be boring, because it only ever tracks Bitcoin.
Momentum is not soft any more, it is broken, and that is the backdrop for any short term Wrapped Bitcoin price prediction. Every signal on the daily chart reads sell, and the oscillators also read oversold.
| Indicator | Reading | Signal |
|---|---|---|
| RSI, 14 day | 11.64 | Deeply oversold |
| Stochastic, 9 and 6 | 10.74 | Oversold |
| Stochastic RSI, 14 | 1.39 | Oversold |
| MACD, 12 and 26 | -960.57 | Sell |
| ADX, 14 day | 49.76 | A very strong trend, and it is down |
| CCI, 14 day | -215.00 | Oversold |
| ATR, 14 day | 508.90 | High volatility |
| Williams %R | -92.96 | Oversold |
| MA5 to MA200 summary | 0 buy, 12 sell | Strong sell |
| Overall daily signal | Strong sell | Across every timeframe from 30 minutes to monthly |
Price sits below all twelve moving averages, so every one of them is now overhead resistance rather than support:
| Moving average | Simple | Exponential |
|---|---|---|
| 5 day | $70,045 | $69,825 |
| 10 day | $70,771 | $70,518 |
| 20 day | $71,561 | $71,343 |
| 50 day | $72,949 | $72,521 |
| 100 day | $73,648 | $73,478 |
| 200 day | $75,106 | $74,715 |
The levels worth marking on a chart, from classic pivot points on the latest session:
An RSI of 11.6 is rare and usually marks a point of exhaustion rather than the start of a new leg down. But an ADX near 50 says the downtrend is strong and intact, and oversold markets can stay oversold. Treat this as a zone where risk is high in both directions, not a confirmed bottom.
Four forces set the price, and they are not equal in weight. The Bitcoin spot price explains almost the whole move, because of the 1:1 backing. Custody trust comes second, since BiT Global has held two of the three vault keys since May 2026. Demand for WBTC as DeFi collateral on Aave, Morpho, Curve, Uniswap and Sky comes third. Competition from cbBTC, tBTC and FBTC comes fourth. The first driver explains almost the whole price. The other three explain why WBTC can underperform Bitcoin even when Bitcoin rises.
The method is simple and worth stating openly. Because WBTC is backed 1:1 by Bitcoin, this Wrapped Bitcoin price prediction models Bitcoin scenarios and then applies a peg discount of 0 to 2 percent for custody risk. These are scenarios, not forecasts, and none of them is a promise.
For context on the upside, ARK Invest’s published 2030 model gives a $300,000 bear case, a $710,000 base case and a $1.5 million bull case for Bitcoin, and its Big Ideas 2026 report implies roughly $760,000 per coin. Standard Chartered has used a $500,000 target. The bull column below deliberately stops at ARK’s bear case, because a retail page should not lead with a seven figure number.
| Year | Bearish scenario | Base scenario | Bullish scenario |
|---|---|---|---|
| 2026 | $55,000 | $70,000 | $82,000 |
| 2027 | $52,000 | $90,000 | $130,000 |
| 2028 | $65,000 | $118,000 | $190,000 |
| 2029 | $72,000 | $145,000 | $245,000 |
| 2030 | $80,000 | $175,000 | $300,000 |
From today’s $68,793, the base path implies a compound growth rate of roughly 25 percent a year to 2030, the bull path roughly 43 percent, and the bear path about 4 percent, which after four years is barely more than holding cash.
Seven weeks remain in the year and the token has just fallen 11 percent in seven days and 19.7 percent in thirty. It sits 45.3 percent below its October 2025 peak, with every moving average from the 5 day to the 200 day now overhead.
Base case $70,000, which assumes the current oversold reading produces a bounce that stalls near the 5 day average. A loss of the $66,779 pivot support opens the $55,000 bear case quickly, because there is little traded structure beneath it. The bull case of $82,000 needs a reclaim of the 50 day average at $72,949 first, and that is a long way from here inside seven weeks.
This is the year the bear case is lowest, which looks odd until you map the halving cycle. Bitcoin’s last halving was April 2024 and the next falls in April 2028, so 2027 sits in the late accumulation phase that historically precedes the move rather than delivering it.
Base case $90,000, a partial recovery that still leaves the token below its old high. The bull case of $130,000 would mean a new all-time high roughly two years after the last one.
The April 2028 halving cuts new Bitcoin issuance in half again. In the three previous cycles the price peak arrived 12 to 18 months after the halving, not during it, so 2028 is more often a setup year than a peak year.
Base case $118,000, roughly back at the 2025 high. The bull case of $190,000 assumes the supply squeeze front runs the usual timetable.
If the four year rhythm holds, 2029 is where a cycle top would most plausibly land. Base case $145,000, bull case $245,000.
The bear case of $72,000 is not a technical level. It is what happens if a custody failure, a sustained redemption freeze or a regulatory action breaks confidence in wrapped Bitcoin as a category, regardless of where spot BTC trades.
Base case $175,000, which is a 2.5 times return from today over roughly four years. Bull case $300,000, matching ARK Invest’s bear case for Bitcoin. Bear case $80,000, which is essentially today’s price after four years of nothing.
Anything beyond 2030 is not worth putting a number on. A custody model that has changed twice since 2024 cannot be projected a decade out with a straight face.
Every Wrapped Bitcoin price prediction above rests on which of these two lists turns out to be right.
What pushes WBTC higher
What pushes WBTC lower
Only if you plan to use it, which is the uncomfortable answer. If you want Bitcoin exposure and nothing more, holding BTC gives you the same price with one fewer counterparty. WBTC earns its place when you intend to post Bitcoin as collateral, borrow against it, or supply it to a liquidity pool.
For investors in India there is a second consideration. Under the framework confirmed in the Union Budget 2026 to 2027, income from transferring a virtual digital asset is taxed at a flat 30 percent plus a 4 percent cess, with 1 percent TDS on qualifying transfers and no set-off of losses. Swapping BTC for WBTC is itself a transfer. This is general information, not tax advice, and your own position should be confirmed with a qualified tax professional.
| Risk | What it means in practice |
|---|---|
| Custody | BiT Global holds the user key and the backup key, BitGo holds the third. Multi jurisdiction is not the same as decentralised. |
| Smart contract and bridge | An ERC-20 contract plus cross-chain infrastructure adds failure modes that native BTC does not have. |
| Competition | cbBTC, tBTC, FBTC and Circle’s planned cirBTC compete for the same collateral demand. |
| Liquidity | Turnover is thin in calm markets and spikes only during selloffs, so large exits can move the price against you. |
| Regulatory | A delisting by a major venue has already happened once, in December 2024. |
| Market | WBTC is down 45.3 percent from its 2025 peak because Bitcoin is. That correlation works in both directions. |
Mudrex lets you buy Wrapped Bitcoin in India directly in INR, without routing through a stablecoin first.
This Wrapped Bitcoin price prediction points to a base case of $70,000 by the end of 2026 and $175,000 by 2030, with a bullish scenario reaching $300,000 and a bearish scenario near $80,000 if Bitcoin stalls or custody confidence breaks. The token will not decouple from Bitcoin, so treat it as Bitcoin exposure with an extra layer of counterparty risk and a specific reason to hold it.
If that reason is DeFi, WBTC is the deepest option available. If it is not, buy the asset underneath. Either way, decide position size before price, and never commit money you cannot afford to lose entirely.
What is the Wrapped Bitcoin price prediction for 2026?
The base case Wrapped Bitcoin price prediction for 2026 is $70,000 by year end, within a range of $55,000 in a bearish scenario and $82,000 in a bullish one. WBTC trades at $68,793 as of 13 November 2026, so the base case assumes a modest bounce from a deeply oversold reading. A close below the $66,779 pivot support would shift the odds toward the lower end.
How high can WBTC go by 2030?
WBTC could reach $300,000 by 2030 in a bullish scenario, against a base case of $175,000. That bull figure matches ARK Invest’s bear case for Bitcoin, since WBTC is backed 1:1 by BTC and cannot move far from it. Reaching it would need a compound growth rate of roughly 43 percent a year from today.
Can Wrapped Bitcoin reach a new all-time high?
Yes, but only when Bitcoin does. WBTC’s all-time high is $125,777.45, set on 6 October 2025, a day after Bitcoin’s own peak. It currently sits 45.3 percent below that level, so a new record requires Bitcoin to clear roughly $126,000 first.
What factors could affect the Wrapped Bitcoin price?
Four factors drive it: the spot Bitcoin price, which explains almost the whole move; custody confidence, since BiT Global has held two of the three vault keys since May 2026; demand for WBTC as DeFi collateral on protocols like Aave and Curve; and competition from cbBTC, tBTC and FBTC. Macro conditions matter through Bitcoin, not separately.
Is Wrapped Bitcoin a good long-term investment?
Wrapped Bitcoin is a reasonable long-term holding only if you intend to use it in decentralised finance. For pure price exposure, holding Bitcoin directly carries the same upside with one fewer counterparty. WBTC adds custodial and smart contract risk in exchange for usability on Ethereum and other chains.
What are the risks of investing in WBTC?
The main risks are custody concentration, smart contract and bridge failure, competition from newer wrapped Bitcoin tokens, liquidity that thins out in calm markets, and regulatory action. A major exchange delisted WBTC once already, in December 2024, after the custody change was announced.
Disclaimer: This article is for educational purposes only and is not investment, tax or legal advice. Price scenarios are modelled projections, not forecasts, and may be wrong. Crypto assets are unregulated in many respects and highly volatile. Past performance does not indicate future results. Virtual digital asset gains in India are taxed at a flat 30 percent plus cess, with 1 percent TDS and no set-off of losses. Do your own research and consider speaking to a licensed financial adviser before investing. Never invest more than you can afford to lose.
Anupam has over 3 years of experience in the crypto industry, having worked with top indian crypto exchanges. He writes about Bitcoin, altcoins, AI, and emerging tech, helping readers understand what’s driving markets and where the digital asset ecosystem is headed.
