Wrapped Bitcoin Rises More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
In the past 24 hours, Wrapped Bitcoin's (CRYPTO: WBTC) price rose by 5.61% to $28,511.00, continuing its positive trend over the past week with a 2.0% gain. The trading volume for the coin has increased by 106.0% over the past week, while the overall circulating supply of the coin has decreased by 0.3%. The current market cap ranking for WBTC is #16 at $4.61 billion.
October 16, 2023 | 7:00 pm
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Wrapped Bitcoin (WBTC) has seen a 5.61% increase in price over the past 24 hours and a 2.0% gain over the past week. The trading volume has increased by 106.0% over the past week.
The increase in price and trading volume for Wrapped Bitcoin (WBTC) indicates a positive market sentiment towards the cryptocurrency. The decrease in circulating supply could also be contributing to the price increase due to the principles of supply and demand.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100