Wrapped Bitcoin (WBTC) Daily Market Analysis 08 July 2026

WBTC holds steady above $63,500 with strong weekly gains, while undergoing a routine Starknet migration to LayerZero standard. • WBTC trades at $63,553 on 8 July 2026, up 8.91% over the past week from $58,712 • Starknet migration to LayerZero standard pauses bridging for up to 24 hours – no action required from holders • Abra migrates from WBTC to tBTC, signaling growing competition in wrapped Bitcoin ecosystem • WBTC ranks 13th by market cap at $7.38B with moderate risk score of 42.46 • Token outperforms Ethereum, gaining 0.8% on ETH pair over 24 hours