Wrapped Bitcoin's Price Increased More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Wrapped Bitcoin (WBTC) has seen a significant price increase of 6.46% in the last 24 hours, reaching $56,961.00. Over the past week, its price has risen over 10%, from $51,458.89. The trading volume for WBTC surged by 94% over the same period, with its circulating supply now at 156 thousand, representing 100% of its max supply. Currently, WBTC's market cap ranks it as the 16th largest, valued at $8.93 billion.
February 27, 2024 | 7:01 pm
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POSITIVE IMPACT
Wrapped Bitcoin (WBTC) experienced a 6.46% price increase in the last 24 hours, reaching $56,961, with a weekly gain of over 10%. The trading volume surged by 94%, and the circulating supply is now fully tapped at 156 thousand. WBTC's market cap is now $8.93 billion, ranking it 16th.
The significant price increase and trading volume surge indicate strong market interest and positive momentum for WBTC. The full utilization of the circulating supply could suggest a tightening supply, potentially leading to further price increases. The market cap ranking improvement reflects growing investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100