The Crypto market witnessed a mixed performance on 3rd February 2023, with some coins witnessing significant growth while others experienced a decline. As of 9:06 AM, the price of Bitcoin (BTC) on WazirX was ₹19,69,777, and there was a decrease of 0.70% in the price over the last 24 hours. However, this year, Bitcoin has seen a rise of 40% globally as investors become increasingly optimistic about the economy and inflation. The trading volume of Bitcoin reached $32 billion on Thursday, a 20% increase from the previous day and 40% higher than the volume prior to the Federal Reserve’s decision.
As per a report by CoinDesk, the charts of Bitcoin and the S&P 500 indicate a bullish signal, known as a “Golden Cross”. This occurs when the 50-day simple moving average (SMA) of the security’s price moves above its 200-day SMA, producing a cross on the price chart.
On the other hand, Ethereum (ETH) witnessed a decline in its price, with a drop of 1.37% in the last 24 hours on WazirX. At the time of writing this report, the ETH price on WazirX was ₹1,37,124.7. The global volume of Ether was 30% higher than Wednesday and 60% higher than the volume prior to the Federal Market Committee’s announcement.
The top performers on WazirX were Ardor (ARDR), with a price change of 15.11%, Tellor (TRB), with a change of 12.68%; and Venus (XVS), with a change of 9.66%.
On the other hand, Bakery Token (BAKE), Reef (REEF), and Ethereum Name Service (ENS) saw a decline in their prices with drops of 7.22%, 6.16%, and 6%, respectively.
Dogecoin (DOGE) saw a slight dip of 1.77% in the past 24 hours on WazirX, currently trading at ₹7.8399. Recently, the DOGE market saw an increase in whale transactions and daily active addresses, potentially indicating a future rally. On the other hand, Shiba Inu (SHIB) charts are showing positive growth with a 0.59% increase in the past 24 hours on WazirX, currently trading at ₹0.001032.
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