Skip to main content

BTC Trading At $55k With Market Experiencing Bearish Sentiment.

By July 8, 20241 minute read

The price of Bitcoin is $55,601.24. Its price decreased by 3.50% in the last 24 hours, but the 7-day Bitcoin is down by 12.07%.

Ethereum (ETH) is currently trading at $2,912.99. Its price has decreased by 3.81% in the last 24 hours, and the 7-day ETH is down by 16.23%.

Technical indicators for Bitcoin are showing negative signals. The hourly MACD is at -567, showing bearish momentum, while the RSI for BTC/USD is at 28, indicating weakness. The Ichimoku Base Line, valued at 56369, continues to be neutral. The Hull Moving Average indicates a “Buy” signal at 54687. The Stochastic %K (14, 3, 3) at 18 indicates “Neutral,” and the Average Directional Index (14) at 33 indicates a “Neutral” outlook.

As of 1:00 PM, July 08, 2024, on WazirX, Bitcoin’s current price is ₹52,61,611. Its price has decreased by 3.19% in the last 24 hours and decreased by 11.93% in the past seven days.

Ethereum (ETH) is trading at ₹2,72,158, down by 4.37% in the last 24 hours. The 7-day ETH is down 16.25%.

The top gainers on WazirX include EtherFi (ETHFI), Yield Guild Games (YGG), and SKALE Network (SKL), with price increases of 36.51%, 15.32%, and 15.29%, respectively.

However, the tokens that underperformed comprised Mdex (MDX), Dock (DOCK), and Illuvium (ILV), with a price decrease of 36.87%, 33.39%, and 19.78%, respectively.

Shiba Inu (SHIB) saw a 3.38% price increase and is now priced at ₹0.001569. Dogecoin (DOGE) saw a 1.39% price decrease and is now priced at ₹10.1000.

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.
Participate in the Indian Crypto Movement. Share:

Leave a Reply

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.