Wrapped Bitcoin Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Wrapped Bitcoin (WBTC) experienced a 4.65% price decrease over the last 24 hours, marking a continuation of its 6% decline over the past week. The current price stands at $65,664.00. This downturn is accompanied by a 16% drop in trading volume and a slight 0.42% decrease in circulating supply, now at 155 thousand WBTC. The market cap for WBTC is currently ranked #18, valued at $10.20 billion.
April 02, 2024 | 7:02 pm
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NEGATIVE IMPACT
Wrapped Bitcoin (WBTC) has seen a significant price decrease of 4.65% in the last 24 hours, with a weekly decline of 6%. The trading volume has also decreased by 16%, and the circulating supply has slightly reduced.
The significant price decrease of WBTC, along with a reduction in trading volume and a slight decrease in circulating supply, suggests a bearish short-term outlook for WBTCUSD. The market's reaction to these factors typically results in a negative impact on the asset's price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100