Wrapped Bitcoin traded near $61,440 on July 3, 2026, up 2.96% over the past 24 hours and 3.05% over the past week, according to the latest market data. The token maintains a tight peg to Bitcoin with a price-to-BTC ratio of 0.9988, underscoring its role as a critical bridge asset for Bitcoin exposure across decentralized finance platforms. However, recent market activity has revealed underlying tensions between WBTC's utility as a DeFi workhorse and growing concerns about wrapped-asset custody and redemption mechanics.