Wrapped Bitcoin Up More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Wrapped Bitcoin (WBTC) has seen a 4.77% increase in price over the past 24 hours, reaching $44,065.00, and a 5.0% gain over the past week. The coin's all-time high is $70,643.00. Trading volume has risen by 31.0%, and the circulating supply has grown by 0.66% to over 155 thousand, which is the estimated max supply. WBTC's market cap ranks it at #17, valued at $6.84 billion.
December 20, 2023 | 7:02 pm
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POSITIVE IMPACT
Wrapped Bitcoin (WBTC) has experienced a significant increase in both price and trading volume, indicating a strong positive trend in the short term.
The increase in price and trading volume for Wrapped Bitcoin suggests a growing investor interest and positive market sentiment, which could lead to further short-term gains. The fact that the circulating supply has reached what is estimated to be the max supply could also contribute to a scarcity effect, potentially driving prices up further.
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IMPORTANCE 80
RELEVANCE 100