Crypto

Cryptocurrency eclipsed bitcoin by more than 6% in 24 hours

Over the past 24 hours, bitcoin has packed WBTC/US dollar the price rose 6.43% to $23,381.00. This continues the positive momentum of last week, when the price rose by 17.0% from $19,861.82 to the current price. The coin currently has an all-time high of $70,643.00.

The chart below compares Wrapped Bitcoin’s price action over the last 24 hours (left) with the last week’s price action (right). The gray bands are Bollinger bands designed to generate daily and weekly price movements. The wider the bars or the larger the gray area at any given time, the greater the demand.

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The trading volume of the coin increased by 115.0% over the last week, in contrast to the circulating supply of the coin, which decreased by 4.71%. This brings the amount of working capital to 237.73 thousand, which is approximately 100.0% of the maximum supply of 237.73 thousand. According to our data, the current market capitalization of WBTC is 18th at $5.54 billion.

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This article was created using the Benzinga automated content engine and reviewed by an editor.

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