Wrapped Bitcoin Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Wrapped Bitcoin (WBTC) has seen a 3.78% price decrease in the last 24 hours, contrasting with a 1.0% gain over the past week. Trading volume has decreased by 19.0%, and its circulating supply is at 100% of its max supply. WBTC's market cap is $9.67 billion, ranking it #16.
September 30, 2024 | 7:02 pm
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Wrapped Bitcoin (WBTC) experienced a 3.78% price drop in the last 24 hours, despite a 1% gain over the past week. Trading volume decreased by 19%, and its circulating supply is at 100% of its max supply. WBTC's market cap is $9.67 billion, ranking it #16.
The 3.78% price drop in WBTC over the last 24 hours indicates a negative short-term trend, especially with a significant decrease in trading volume by 19%. The full circulating supply suggests limited supply-side changes, but the market cap ranking and recent price volatility could influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100