watch

Wrapped Bitcoin (WBTC): Small 24h Dip Amid Weekly Strength

I’m looking at Wrapped Bitcoin (WBTC) on the Ethereum network, currently trading around $118,841. Over the last hour it’s been essentially flat (+0.03%), with a modest 24-hour pullback of -2.3% but a 7-day uptick of +4.1%—showing short-term noise within a positive weekly context.

The 24-hour high and low range between $122,072 and $118,208, and on-chain liquidity in WETH sits near $23.85M while 24-hour trading volume is about $12.05M. Market metrics show a fully diluted valuation near $15.10B and a circulating market cap around $15.08B.

I note the on-chain address 0x2260fac5e5542a773aa44fbcfedf7c193bc2c599 and available social channels and resources for charts and deeper scans. Overall, WBTC’s price action looks tethered to broader Bitcoin moves while liquidity and volume suggest decent market depth on Ethereum-based pairs.

Source available for registered users Sign Up Free

AI Analysis

Wrapped Bitcoin acts as an ERC-20 representation of Bitcoin on Ethereum, so its price behavior is closely correlated with BTC while also being subject to Ethereum liquidity dynamics. The recent -2.3% ...

AI Recommendation

Given the neutral-to-slightly-positive weekly performance and modest intraday pullback, I recommend a watchful stance. Monitor Bitcoin’s spot trend first—if BTC shows renewed strength, WBTC typically ...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

You might also be interested in: