Wrapped Bitcoin Rises More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Wrapped Bitcoin (WBTC) has seen a 4.11% increase in price over the last 24 hours, reaching $46,629.00, and a 3.0% gain over the past week. The coin's all-time high is $70,643.00. Trading volume for WBTC has risen by 10.0% over the past week, and the circulating supply has increased by 0.08% to 158 thousand, which is the total max supply. WBTC's market cap is currently ranked #17 at $7.37 billion.
January 09, 2024 | 3:00 pm
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Wrapped Bitcoin (WBTC) has experienced a significant price increase and a rise in trading volume, indicating a positive trend in the short term.
The price and trading volume increase for Wrapped Bitcoin (WBTC) suggests a strong short-term bullish sentiment among investors. The fact that the circulating supply has reached its max could also imply a scarcity effect, potentially driving prices up further. However, the volatility indicated by the Bollinger Bands suggests that traders should be cautious of potential price swings.
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