Amidst a renewed interest of institutions towards Crypto investments, PayPal disclosed its quarterly Crypto holdings to be of $943 million indicating TradFi institutions’ deep involvement in Web3. 

The promise of potential relief from high interest rates is predicted to contribute to a rising interest in Crypto.

The Exponential Moving Average for 10-day EMA indicates “Sell” at 28314 and 200-day EMA indicates “Buy” at 24685. The Simple Moving Average for 10-day SMA indicates “Sell” at 28459 and 200-day SMA indicates “Buy” at 22221. 

The Ichimoku Base Line, valued at 28801, continues to be neutral. The Hull Moving Average indicates “Buy” at 27469. The Volume Weighted Moving Average indicates “Sell” at 28499.

Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 43, with a neutral outlook. The Stochastic %K (14, 3, 3) at 15 and the Average Directional Index (14) at 17 indicate a Neutral outlook as well.

The MACD Level (12, 26), at −107, indicates “Sell”. The Stochastic RSI Fast (3, 3, 14, 14) is “Neutral” at 1 and William’s Percentage is “Neutral” at −86 as well.

As of 10:00 AM, 10th May 2023 on WazirX, Bitcoin’s price is ₹24,40,001, with a 0.27% decrease in the last 24 hours. The 7 day BTC was down 3.17%.

Ethereum (ETH) is trading at ₹1,53,228, with a increase of 1.61% in the last 24 hours. There was a 1.76% increase in the last 7 days.

The top gainers on WazirX include Neo (NEO), Kyber Network Crystal V2 (KNC), and Venus (XVS), with a price increase of 17.55%, 14.43%, and 11.58%, respectively.

However, the tokens that underperformed comprised Cream Finance (CREAM), The Graph (GRT), and Avalanche (AVAX), with a price decrease of 9.2%, 9.04%, and 8.1%, respectively.

Shiba Inu (SHIB) saw a price increase of 0.75% and is now priced at ₹0.000800. Dogecoin (DOGE) saw a decrease of 0.45% and is now priced at ₹6.47.