Wrapped Bitcoin Decreases More Than 7% Within 24 hours
Portfolio Pulse from Benzinga Insights
Wrapped Bitcoin's (CRYPTO: WBTC) price has fallen 7.56% to $26,184.00 in the past 24 hours, continuing its negative trend over the past week with a 11.0% loss. The trading volume has climbed 276.0% over the past week along with the circulating supply of the coin, which has increased 0.17%. The current market cap ranking for WBTC is #17 at $4.26 billion.
August 18, 2023 | 3:00 pm
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NEGATIVE IMPACT
Wrapped Bitcoin (WBTC) has seen a significant drop in price over the past 24 hours and week, despite an increase in trading volume and circulating supply.
The significant drop in price, despite increased trading volume and circulating supply, indicates a bearish market sentiment for WBTC. This could potentially lead to further price drops in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100