Cryptocurrency Wrapped Bitcoin Decreases More Than 5% Within 24 hours

In the last 24 hours, wrapped bitcoin WBTC/USD the price has fallen by 5.55% to $19,923.25. This continues its negative trend for the last week, where it has experienced a 10.0% loss, going from $22,341.70 to its current price.

The chart below compares Wrapped Bitcoin's price movement and volatility over the past 24 hours (left) to its price movement over the past week (right). The gray bands are the Bollinger Bands, which measure the volatility of daily and weekly price movements. The wider the bands, or the larger the gray area at any given time, the higher the volatility.

Wrapped Bitcoin trading volume is up 85.0% over the past week, moving directionally in tandem with the overall circulating supply of the coin, which is up 0.0%. This brings the circulating supply to 153K, which is roughly 100.0% of your maximum supply of 153K. Based on our data, the current market cap ranking for WBTC is #23 at $3.06 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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