Wrapped Bitcoin Up More Than 6% In 24 hours
Portfolio Pulse from Benzinga Insights
Wrapped Bitcoin (WBTC) has seen a significant increase of 6.37% in its price over the last 24 hours, reaching $66,679.00. This marks a continuation of its positive trend, with a 23.0% gain over the past week from $54,438.74. Despite a slight decrease in trading volume and circulating supply, WBTC's market cap ranks it 16th at $10.37 billion.
March 04, 2024 | 7:02 pm
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Wrapped Bitcoin (WBTC) experienced a 6.37% price increase over the last 24 hours, reaching $66,679.00, and a 23% gain over the past week. The market cap is now $10.37 billion, ranking it 16th.
The significant price increase of WBTC over the past 24 hours and week indicates strong market momentum and investor interest, likely leading to a positive short-term impact on its price. The slight decrease in trading volume and circulating supply could indicate a tightening supply, potentially further driving up prices in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100