Wrapped Bitcoin Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Wrapped Bitcoin (WBTC) has fallen 3.53% in the past 24 hours to $67,807.00, despite a 3.0% uptrend over the past week. Trading volume has increased by 60.0% over the past week, with the circulating supply rising by 0.07% to 155 thousand, which is 100% of its max supply. WBTC's market cap is currently $10.56 billion, ranking it #14.
May 23, 2024 | 3:03 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Wrapped Bitcoin (WBTC) has experienced a 3.53% price drop in the past 24 hours, despite a 3.0% increase over the past week. Trading volume has surged by 60.0%, and the circulating supply has slightly increased to 155 thousand, which is 100% of its max supply. WBTC's market cap is $10.56 billion, ranking it #14.
The 3.53% price drop in the past 24 hours indicates a short-term negative sentiment. Despite the weekly uptrend and increased trading volume, the immediate price movement suggests potential short-term bearish behavior.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100