Wrapped Bitcoin Decreases More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Wrapped Bitcoin (WBTC) experienced a 6.14% price drop over the past 24 hours, contrasting with a 5.0% gain over the past week. The current price is $45,478.00. Trading volume has increased by 111.0%, while the circulating supply slightly decreased by 0.05%. WBTC's market cap is $7.23 billion, ranking it #17.
January 12, 2024 | 3:02 pm
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NEGATIVE IMPACT
Wrapped Bitcoin (WBTC) has seen a significant price decrease of 6.14% in the last 24 hours, though it has a 5.0% gain over the past week. The market cap stands at $7.23 billion.
The sharp decline in WBTC's price over the past 24 hours is likely to have a negative impact on investor sentiment in the short term, especially considering the increase in trading volume which suggests a higher level of market activity that could exacerbate the price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100