• WBTC has been seeing a lot of activity after actions from whales resulted in a drop in exchange supply.
• At press time, WBTC was worth $29,595.75 after its price climbed by more than 2% over the past day.
• A daily close today above the 20-day EMA line could see WBTC’s price climb to above $30K.

Wrapped Bitcoin (WBTC) 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.

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…

The post WBTC Up After Large Transactions Impacted Exchange Supply appeared first on Coin Edition.

• WBTC has been seeing a lot of activity after actions from whales resulted in a drop in exchange supply.
• At press time, WBTC was worth $29,595.75 after its price climbed by more than 2% over the past day.
• A daily close today above the 20-day EMA line could see WBTC’s price climb to above $30K.

Wrapped Bitcoin (WBTC) 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.

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…

The post WBTC Up After Large Transactions Impacted Exchange Supply appeared first on Coin Edition.