Wrapped Bitcoin(wbtc)market reviews and price predictions

Wrapped Bitcoin market statement for 2022-10-06

Yesterday the price of wbtc stood at $20 024. The market capitalization of the asset was $4 928 267 508. Wrapped Bitcoin’s volatility was established at 1.08%. The trading volume of the coin reached $160 653 451.

Wrapped Bitcoin prognosis for the next days:

We estimate the price of Wrapped Bitcoin to be $19 293 tomorrow 2022-10-08 and $19 507 on 2022-10-14;

We estimate the market capitalization of Wrapped Bitcoin to reach $4 744 685 917 tomorrow 2022-10-08 and $4 810 412 997 on 2022-10-10;

We estimate the volatility of Wrapped Bitcoin to become 1.91% tomorrow 2022-10-08 and 1.59% on 2022-10-10;

We estimate the trading volume of Wrapped Bitcoin to amount to $218 991 832 tomorrow 2022-10-08 and $187 511 809 on 2022-10-10.

Our recommendation for the pair WBTC/USD for tomorrow, 2022-10-08, to sell.

Wrapped Bitcoin(wbtc)week price prediction
3%
Price
Volatility
Capitalization
Volume
Sep 11Sep 18Sep 25Oct 02Oct 09Sep 11Sep 18Sep 25Oct 02Oct 0919,00020,00021,00022,00019,00020,00021,00022,000
Today's review

September 30 - October 6 price action recap: Wrapped Bitcoin sees a weak 2% gain as the buyers take a step back.

Wrapped Bitcoin has been bullish last week as its price has been predominantly rising. The volatility of WBTC has been low throughout the reviewed period in correspondence with the price action. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.

Latest reviews

The bullish pressure subsides between September 29 and October 5 as Wrapped Bitcoin gains only 5%.

Between September 29 - October 5, Wrapped Bitcoin has been mostly bullish as its price has been in the rising mode. The volatility of WBTC has been low throughout the reviewed period in correspondence with the price action. There has been a rise in the market capitalization of the asset during the period under review. The price action of the crypto coin from last week stemmed from the increasing trading volume.

Wrapped Bitcoin sees limited 3% gains between September 28 and October 4 as the market cools down.

The upward movement of the Wrapped Bitcoin price last week indicates the chosen market is. WBTC has been going through a period of low volatility, which fell in line with the occurred price changes. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The price action of the crypto coin from last week stemmed from the increasing trading volume.

Wrapped Bitcoin retraces by 3% in the period September 21 - September 27 as the market turns slightly bearish.

The behavior of Wrapped Bitcoin last week was characterized by the occurrence of downswings. The volatility associated with the WBTC market was low, as were its price fluctuations. The market capitalization of the asset has been increasing in concert with the price of the coin. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.

September 20 - September 26 price action recap: Wrapped Bitcoin sees a weak 1% gain as the buyers take a step back.

Wrapped Bitcoin has been bearish last week as its price has been predominantly rising. The volatility of WBTC has been low throughout the reviewed period in correspondence with the price action. There has been a fall in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of decreased trading volume.

Wrapped Bitcoin slid down by 2% last week (September 19 - September 25) as the sellers pushed back.

The bearish behavior of Wrapped Bitcoin last week was characterized by the occurrence of downswings. WBTC was caught in a period of low volatility, which was reflected in its price action. The asset saw its market capitalization falling over the reviewed period together with its price. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.

Bearish response: The Wrapped Bitcoin price melts by 2% between September 18 and September 24.

Between September 18 - September 24, Wrapped Bitcoin has been mostly bearish as its price has been in the falling mode. The price swings of WBTC pointed to the presence of low volatility. The asset saw its market capitalization falling over the reviewed period together with its price. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

Wrapped Bitcoin lost 6% in the period September 17 - September 23 as a result of selling pressure.

The downward movement of the Wrapped Bitcoin price last week indicates the chosen market is bearish. WBTC has been going through a period of low volatility, which fell in line with the occurred price changes. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

Wrapped Bitcoin slid down by 2% last week (September 16 - September 22) as the sellers pushed back.

Wrapped Bitcoin has been bearish last week as its price has been predominantly falling. The situation on the WBTC market shows that the underlying asset is currently experiencing a period of low volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.

Wrapped Bitcoin retraces by 4% in the period September 14 - September 20 as the market turns slightly bearish.

Wrapped Bitcoin has been last week as its price has been predominantly falling. The situation on the WBTC market shows that the underlying asset is currently experiencing a period of low volatility. The price action on the coin's market translated to the decline of market capitalization. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

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