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Bitcoin (BTC) Faced A Sharp Decline Just After Reaching ATH Of $69,000.

By March 7, 20242 minute read

The price of Bitcoin is $66,588.96. There was a 4.86% increase in its price in the last 24 hours. The 7-day Bitcoin is up by 8.41%.

Ethereum (ETH) is currently trading at $3,810.30. Its price has increased 7.59% in the last 24 hours, and the 7-day ETH is up 11.73%.

The 10-day Exponential Moving Average (EMA) indicates “Buy” at 62834, and a 200-day EMA indicates “Buy” at 41224. The 10-day Simple Moving Average (SMA) indicates “Buy” at 63300, and a 200-day SMA indicates “Buy” at 38238.

The Ichimoku Base Line, valued at 58402, continues to be neutral. The Hull Moving Average indicates “Sell” at 66937, and the Volume Weighted Average indicates “Buy” at 59803. 

The Relative Strength Index (14) sits at 73, indicating “Neutral”. The Stochastic %K (14, 3, 3) at 80 indicates “Neutral,” and the Average Directional Index (14) at 52 indicates a “Neutral” outlook.

The MACD Level (12, 26), at 4833, indicates “Buy”. The Stochastic RSI Fast (3, 3, 14, 14) at 31  indicates ‘Neutral’, and William’s Percentage at -16 indicates ‘Neutral’.

As of 11:30 AM, 07th March 2024, on WazirX, Bitcoin’s current price is ₹56,28,752. Its price has increased almost 0.41% in the last hour and 0.67% in the last 24 hours. In the past seven days, Bitcoin has increased by 4.88%.

Ethereum (ETH) is trading at ₹3,21,263, up 1.05% in the last hour and 2.09% in the last 24 hours. The 7-day ETH is up 7.98%.

The top gainers on WazirX include Reserve Rights (RSR), Fetch.AI (FET), and Render Token (RNDR), with price increases of 54.05%, 34.87%, and 32.4%, respectively.

However, the tokens that underperformed comprised Bonk (BONK), Shiba Inu (SHIB), and Metal (MTL), with a price decrease of 18.04%, 14.29%, and 11.83%, respectively.

Shiba Inu (SHIB) saw a price decrease of 14.37% and is now priced at ₹0.002581. Dogecoin (DOGE) saw a decrease of 8.67% and is now priced at ₹12.8399.

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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