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Bitcoin (BTC) Faced A Sharp Correction, Dipped Below $60,000.

By March 6, 20242 minute read

The price of Bitcoin is $63,382.54. There was a 7.07% decrease in its price in the last 24 hours. The 7-day Bitcoin is up by 10.51%.

Ethereum (ETH) is currently trading at $3,539.43. There has been a decrease of 2.94% in its price in the last 24 hours. The 7-day ETH is up by 8.23%.

The Exponential Moving Average for a 10-day EMA indicates “Buy” at 61548, and a 200-day EMA indicates “Buy” at 40944. The Simple Moving Average for a 10-day SMA indicates “Buy” at 61839, and a 200-day SMA indicates “Buy” at 38023.

The Ichimoku Base Line, valued at 58052, continues to be neutral. The Hull Moving Average indicates “Sell” at 66007. The Volume Weighted Average indicates “Buy” at 58959. 

The Relative Strength Index (14) sits at 68, indicating “Neutral”. The Stochastic %K (14, 3, 3) at 79 indicates “Neutral,” and the Average Directional Index (14) at 52 indicates a “Neutral” outlook.

The MACD Level (12, 26), at 4550, indicates “Buy”. The Stochastic RSI Fast (3, 3, 14, 14) at 43  indicates ‘Neutral’, and William’s Percentage at -32 indicates ‘Neutral’.

As of 10:00 AM, 06th March 2024, on WazirX, Bitcoin’s current price is ₹53,30,894, with an almost 2.13% decrease in the last hour. There was a 3.70% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 11.22%.

Ethereum (ETH) is trading at ₹2,98,481, with an increase of 1.9% in the last hour. There was an increase of 1.08% in the last 24 hours. The 7-day ETH is up by 9.00%.

The top gainers on WazirX include TokenFi (TOKEN), Metal (MTL), and Uniswap (UNI), with price increases of 33.6%, 32.94%, and 21.62%, respectively.

However, the tokens that underperformed comprised Band Protocol (BAND), Burger Swap (BURGER), and Storj (STORJ), with a price decrease of 18.26%, 16.92%, and 15.7%, respectively.

Shiba Inu (SHIB) saw a price decrease of 1.97% and is now priced at ₹0.002777. Dogecoin (DOGE) saw a decrease of 7.28% and is now priced at ₹12.9769.

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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