Skip to main content

Bitcoin Crosses The $38k Mark, Despite Shifting Market Dynamics

By December 1, 20232 minute read

The current price of Bitcoin (BTC) is $38,007.69, with an almost 0.26% increase in the last hour. There was an increase of 0.40% in its price in the last 24 hours. The 7-day Bitcoin was up by 1.59%.

Ethereum (ETH) is currently trading at $38,007.69, with an almost 0.15% increase in the last hour. There has been a 2.9% increase in its price in the last 24 hours. The 7-day ETH has been down by 0.78%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” sentiment at 37577 and 30149, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Buy” at 37642 and 29545, respectively. Exponential and Simple Moving Averages show “Buy” sentiments.

The Ichimoku Base Line, valued at 36494, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 37917. The Volume Weighted Moving Average at 37107 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 62, with a neutral indicator. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 79 and 46, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 879 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 65 with a “Neutral” indicator, while the Williams Percent Range (14) at −15 signals “Neutral.”

As of 12:30 PM, 01st December 2023, on WazirX, Bitcoin’s current price is ₹33,36,000, with an almost 0.6% increase in the last hour. There was a 0.48% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 2.48%.

Ethereum (ETH) is trading at ₹1,82,780, with an increase of 2.04% in the last hour. There was an increase of 1.73% in the last 24 hours. The 7-day ETH is up by 1.70%.

The top gainers on WazirX include Bitgert (BRISE), Ocean Protocol (OCEAN), and Reserve Rights (RSR), with price increases of 17.9%, 11.31%, and 10.85%, respectively.

However, the tokens that underperformed comprised dYdX (DYDX), Theta Fuel (TFUEL), and Stack (STX), with a price decrease of 8.09%, 6.24%, and 5.8%, respectively.

Shiba Inu (SHIB) saw a price increase of 1.09% and is now priced at ₹0.000737. Dogecoin (DOGE) saw an increase of 3.5% and is now priced at ₹7.3790.

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.