Wrapped Bitcoin's Price Increased More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Wrapped Bitcoin (WBTC) has seen a significant price increase of 5.29% in the last 24 hours, reaching $41,615.00. Over the past week, WBTC has gained 12.0%, rising from $36,944.56. Despite the recent gains, it is still below its all-time high of $70,643.00. The trading volume for WBTC has increased by 136.0% over the past week, while the circulating supply has slightly decreased by 0.54%. The current market cap for WBTC is $6.67 billion, ranking it 16th in the market.
December 04, 2023 | 7:00 pm
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Wrapped Bitcoin (WBTC) has experienced a 5.29% price increase over the past 24 hours and a 12% increase over the past week, with a significant rise in trading volume and a slight decrease in circulating supply.
The sharp increase in price and trading volume for WBTC indicates strong market interest, which could lead to further short-term gains. However, as it is a cryptocurrency, it is subject to high volatility and rapid changes in market sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100