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Bitcoin Hits A 19-Month Peak Above $40,000, Marking A 140% Surge In One Year

By December 4, 20232 minute read

The current price of Bitcoin (BTC) is $40,847.93, with an almost 0.68% increase in the last hour. There was an increase of 3.74% in its price in the last 24 hours. The 7-day Bitcoin was up by 9.40%.

Ethereum (ETH) is currently trading at $2,216.50, with an almost 0.35% increase in the last hour. There has been a 2.59% increase in its price in the last 24 hours. The 7-day ETH has been up by 8.23%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” sentiment at 38809 and 30449, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Buy” at 38483 and 29743, respectively. Exponential and Simple Moving Averages show “Buy” sentiments.

The Ichimoku Base Line, valued at 37939, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 40392. The Volume Weighted Moving Average at 37512 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 73, with a neutral indicator. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 95 and 47, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 1227 indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 100 with a “Neutral” indicator, while the Williams Percent Range (14) at −3 signals “Neutral.”

As of 10:30 AM, 04th December 2023, on WazirX, Bitcoin’s current price is ₹35,32,000, with an almost 3.86% increase in the last hour. There was a 3.58% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 9.41%.

Ethereum (ETH) is trading at ₹1,90,992, with an increase of 2.73% in the last hour. There was an increase of 3.36% in the last 24 hours. The 7-day ETH is up by 8.50%.

The top gainers on WazirX include TokenFi (TOKEN), Elgorand Gold (EGLD), and Iotx (IOTX), with price increases of 24.7%, 16.27%, and 15.24%, respectively.

However, the tokens that underperformed comprised Bitgert (BRISE), Maker (MKR), and Blur (BLUR), with a price decrease of 7.91%, 5.71%, and 5.13%, respectively.

Shiba Inu (SHIB) saw a price increase of 7.46% and is now priced at ₹0.000792. Dogecoin (DOGE) saw an increase of 2.33% and is now priced at ₹7.5934.

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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