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Bitcoin Stays Relatively Stable In A Fluctuating Crypto Market; WRX Token Rose By 35% In The Past 24 Hours.

By October 16, 20232 minute read

The current price of Bitcoin (BTC) is $27,215.82, with an almost 0.12% decrease in the last hour. There was an increase of 0.92% in its price in the last 24 hours. The 7-day Bitcoin was down by 2.70%.

Ethereum (ETH) is currently trading at $1,561.52, with an almost 0.14% decrease in the last hour. There has been a 0.41% increase in its price in the last 24 hours. The 7-day ETH has been down by 4.38%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” sentiment at 27164 and 27019, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Sell” at 27260 and 28013, respectively. Exponential moving averages show a “Buy” sentiment.

The Ichimoku Base Line, valued at 27285, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 26940. The Volume Weighted Moving Average at 27259 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 52, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 28 and 17, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 71 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 27 with a “Neutral” indicator, while the Williams Percent Range (14) at −63 signals “Neutral.”

As of 11:30 AM, 16th October 2023, on WazirX, Bitcoin’s current price is ₹23,70,715, with an almost 1.72% increase in the last hour. There was a 2.48% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 3.76%.

Ethereum (ETH) is trading at ₹1,35,007, with an increase of 0.61% in the last hour. There was a decrease of 0.03% in the last 24 hours. The 7-day ETH is down by 3.80%.

The top gainers on WazirX include WazirX Token (WRX), Band Protocol (BAND), and Alpaca Finance (ALPACA), with price increases of 35.67%, 25.72%, and 17.48%, respectively.

However, the tokens that underperformed comprised OokiDAO Token (OOKI), Orchid (OXT), and AdEx Network (ADX), with a price decrease of 17%, 12.5%, and 9.4%, respectively.

Shiba Inu (SHIB) saw a price increase of 2.45% and is now priced at ₹0.000625. Dogecoin (DOGE) saw a decrease of 0.01% and is now priced at ₹5.1604.

Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
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