Wrapped Bitcoin's Price Increased More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Wrapped Bitcoin (WBTC) experienced a 4.67% price increase over the past 24 hours, reaching $51,427.00. This marks an 18% gain over the past week from $43,607.24. The coin's all-time high is $70,643.00. Trading volume for WBTC has risen by 4.0% over the last week, while its circulating supply decreased by 0.57%, now estimated to be at 100% of its max supply of 156 thousand. WBTC's market cap ranks it #16 at $8.08 billion.
February 14, 2024 | 7:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Wrapped Bitcoin (WBTC) has seen a significant price increase of 4.67% in the last 24 hours, reaching $51,427.00, with an 18% gain over the past week. The trading volume has increased by 4.0%, and the circulating supply has slightly decreased, indicating a strong market presence.
The price increase of WBTC, along with a rise in trading volume and a decrease in circulating supply, suggests a strong demand for WBTC. The significant weekly gain and the coin's position in the market cap rankings further support a positive short-term impact on its price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100