Wrapped Bitcoin Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Wrapped Bitcoin (WBTC) experienced a 4.23% price decrease over the last 24 hours, marking a -10.0% change over the past week, with its price now at $60,251.00. Despite the price drop, trading volume for WBTC has increased by 57.0% over the same period. The circulating supply remains unchanged at 155 thousand, representing 100% of its max supply. WBTC's market cap ranking is currently #15, valued at $9.35 billion.
April 30, 2024 | 7:03 pm
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NEGATIVE IMPACT
Wrapped Bitcoin (WBTC) has seen a significant price decrease of 4.23% in the last 24 hours and a 10% decrease over the past week, with an increase in trading volume by 57%.
The significant price decrease of WBTC over the past week, coupled with an increase in trading volume, suggests a heightened market activity that could lead to further volatility. The unchanged circulating supply against a backdrop of increasing trading volume indicates a potential for continued price fluctuations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100