Wrapped Bitcoin Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Wrapped Bitcoin's (WBTC) price has fallen 3.28% to $27,395.00 in the past 24 hours, contrasting its positive trend over the past week where it gained 6.0%. The trading volume of WBTC has increased by 161.0% over the past week, and its circulating supply has increased by 0.05% to 162 thousand, which is 100.0% of its max supply. The current market cap ranking for WBTC is #17 at $4.46 billion.
October 03, 2023 | 3:00 pm
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NEGATIVE IMPACT
Wrapped Bitcoin (WBTC) has seen a 3.28% drop in price in the last 24 hours, despite a 6.0% increase over the past week. The trading volume has risen by 161.0% and the circulating supply is at its maximum.
The price of Wrapped Bitcoin (WBTC) has fallen by 3.28% in the past 24 hours, which could negatively impact its short-term performance. However, the increase in trading volume and circulating supply could indicate a higher market interest, which might balance the short-term negative price impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100