Wrapped Bitcoin Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Wrapped Bitcoin (WBTC) experienced a 3.19% price decrease over the last 24 hours, marking a continuation of its 9.0% decline over the past week. The current price is $64,672. Despite this, trading volume has increased by 3.0% in the past week, while the circulating supply has slightly decreased by 0.26%. WBTC's market cap ranks it 17th at $10.05 billion.
March 19, 2024 | 7:01 pm
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Wrapped Bitcoin (WBTC) has seen a 3.19% decrease in price over the last 24 hours, with a 9.0% decline over the past week, currently priced at $64,672.
The significant price decrease of WBTC over both the last 24 hours and the past week, combined with the increased trading volume and slight decrease in circulating supply, suggests a negative short-term impact on its price. The market cap ranking indicates a strong market position, but the recent trends could lead to bearish sentiment among investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100