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Bitcoin And Ether Saw A Price Rise After Two Weeks Low

By May 29, 20232 minute read

As of now, the current price of Bitcoin (BTC) is $28,119.55, with an almost 0.22% decrease in the last hour. There was an increase of 3.49% in its price in the last 24 hours. The 7-day Bitcoin was up by 5.10%.

Ethereum (ETH) is currently trading at $1,907.72, with an almost 0.31% decrease in the last hour. There has been a 3.36% increase in its price in the last 24 hours. The 7-day ETH has been up by 5.85%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” at 27254 and 25089, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA both indicate a “Buy” at 27050 and 22891, respectively. Both the moving averages show strong “Buy” sentiments.

The Ichimoku Base Line, valued at 27826, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 27709. The Volume Weighted Moving Average at 27018 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 57, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 78 and 24, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at -170 indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 95 with a “Neutral” indicator, while the Williams Percent Range (14) at −14 signals “Sell.”

As of 09:30 AM, 29th May 2023, on WazirX, Bitcoin’s current price is ₹24,42,930, with an almost 3.06% increase in the last hour. There was a 3.25% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 1.11%.

Ethereum (ETH) is trading at ₹1,66,000, with an increase of 2.85% in the last hour. There was an increase of 2.85% in the last 24 hours. The 7-day ETH is up by 3.83%.

The top gainers on WazirX include PancakeSwap (CAKE), NKN (NKN), and OriginToken (OGN), with price increases of 15.1%, 12.3%, and 9.06%, respectively.

However, the tokens that underperformed comprised Kusama (KSM), Celo (CELO), and Komodol (KMD), with a price decrease of 6.23%, 4.56%, and 4.48%, respectively.

Shiba Inu (SHIB) saw a price increase of 0.12% and is now priced at ₹0.000771. Dogecoin (DOGE) saw an increase of 1.22% and is now priced at ₹6.5000.

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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