Wrapped Bitcoin Rises More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Wrapped Bitcoin (WBTC) has seen a 4.24% increase in price over the last 24 hours, reaching $46,890.00, continuing a positive trend with an 11.0% gain over the past week. The trading volume for WBTC has increased by 130.0%, while the circulating supply slightly decreased by 0.08%, totaling 157 thousand coins. WBTC's market cap is currently ranked #16 at $7.40 billion.
February 09, 2024 | 3:02 pm
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Wrapped Bitcoin (WBTC) has experienced a significant price increase of 4.24% in the last 24 hours, reaching $46,890.00, with an overall 11.0% gain over the past week. The trading volume has seen a substantial rise of 130.0%, and the circulating supply has slightly decreased.
The significant increase in WBTC's price and trading volume, coupled with a slight decrease in circulating supply, indicates strong market interest and potential for further gains. The positive trend over the past week and the substantial rise in trading volume suggest increased investor confidence and demand for WBTC, likely leading to a short-term positive impact on its price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100