Wrapped Bitcoin

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<ul class="news-points"> 
 <li><strong>WBTC has been seeing a lot of activity after actions from whales resulted in a drop in exchange supply.</strong></li> 
 <li><strong>At press time, WBTC was worth $29,595.75 after its price climbed by more than 2% over the past day.</strong></li> 
 <li><strong>A daily close today above the 20-day EMA line could see WBTC’s price climb to above $30K.</strong></li> 
</ul> 
<p><a href="https://coinedition.com/tag/wrapped-bitcoin-wbtc/" rel="noopener noreferrer nofollow">Wrapped Bitcoin (WBTC)</a> is seeing a lot of activity today after two 2,000 WBTC moves resulted in a drop in exchange supply, according to a post shared on Twitter by the on-chain analytics platform Santiment. Subsequently, CoinMarketCap indicated that WBTC was trading hands at $29,595.75 after its price rose by 2.35% over the past day of trading.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f433.png" alt="🐳" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/WrappedBitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#WrappedBitcoin</a> is seeing major activity today after a pair of 2,000 <a href="https://twitter.com/search?q=%24WBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$WBTC</a> moves that resulted in a drop in exchange supply. On-chain transaction volume is at its highest level in over a month. This is especially relevant in how <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> can be impacted. <a href="https://t.co/aqOhP6haek" target="_blank" rel="noopener noreferrer nofollow">https://t.co/aqOhP6haek</a> <a href="https://t.co/fFaViXW2MC" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/fFaViXW2MC</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1686451906766655489?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 1, 2023</a> 
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<p>This meant that WBTC was trading a tad closer to its daily high of $29,915.97 than its 24-hour low of $28,740.91. Santiment also pointed out that WBTC’s transaction volume was at it…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/wbtc-up-after-large-transactions-impacted-exchange-supply/">WBTC Up After Large Transactions Impacted Exchange Supply</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

WBTC Up After Large Transactions Impacted Exchange Supply

Coin Edition

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