The US continues to present an unfavorable market for the Crypto ecosystem as businesses consider moving operations away from the region.
The sustainability of price hike for BTC and ETH throughout 2023 have mixed predictions since liquidity support based on USA’s monetary policy is the key decisive factor.
Liquid staking protocols on Ethereum witness increased activity following Shanghai Upgrade
The Exponential Moving Average for 10-day and 200-day EMA indicates “Buy” at 29879 and 23822 respectively. The Simple Moving Average for 10-day and 200-day SMA indicates “Buy” at 30144 and 21279 respectively.
The Ichimoku Base Line, valued at 28788, continues to be neutral. The Hull Moving Average indicates “Buy” at 30031. The Volume Weighted Moving Average indicates “Buy” at 29299.
Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 63, with a neutral outlook. The Stochastic %K (14, 3, 3) indicates “Sell” at 70 and the Average Directional Index (14) indicates a Neutral outlook at 39.
The MACD Level (12, 26), at 965, indicates “Sell”. The Stochastic RSI Fast (3, 3, 14, 14) is “Neutral” at 29 and William’s Percentage is “Neutral” at −25 as well.
As of 10:00 AM, 19th April 2023 on WazirX, Bitcoin’s price is ₹25,60,501, with a 0.222% increase in the last hour. There was a 0.95% decrease in its price in the last 24 hours. The 7 day BTC is down 2.64%.
Ethereum (ETH) is trading at ₹1,80,000, with an increase of 0.55% in the last 1 hour. There was a 0.72% decrease in the last 24 hours. The 7 day ETH was down 2.38%.
The top gainers on WazirX include Komodo (KMD), Cartesi (CTSI), and FTX Token (FTT), with a price increase of 45.42%, 29.83%, and 11.33%, respectively.
However, the tokens that underperformed comprised Civic (CVC), The Graph (GRT), and COTI (COTI), with a price decrease of 3.4%, 2.69%, and 2.69%, respectively.
Shiba Inu (SHIB) saw a price decrease of 0.70% and is now priced at ₹0.000988. Dogecoin (DOGE) saw a decrease of 0.86% and is now priced at ₹7.8.
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.
