Over the past 24 hours, Wrapped Bitcoin’s (CRYPTO:WBTC) price has fallen 4.79% to $42,778.00. This is opposite to its positive trend over the past week where it has experienced a 7.0% gain, moving from $40,687.17 to its current price.
The chart below compares the price movement and volatility for Wrapped Bitcoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
The trading volume for the coin has fallen 48.0% over the past week which is opposite, directionally, with the overall circulating supply of the coin, which has increased 0.31%. This brings the circulating supply to 261.81 thousand, which makes up an estimated 100.0% of its max supply of 261.81 thousand. According to our data, the current market cap ranking for WBTC is #18 at 11.25 billion.
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Read More: Cryptocurrency Wrapped Bitcoin Down More Than 4% Within 24 hours | Benzinga