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Bitcoin Is Consolidating Losses Above $55,000; Currently Trading At $57.2k.

By July 9, 20241 minute read

The price of Bitcoin is $57,202.46. Its price increased by 2.56% in the last 24 hours, but the 7-day Bitcoin is down by 8.37%.

Ethereum (ETH) is currently trading at $3,065.98. Its price has increased by 5.03% in the last 24 hours, and the 7-day ETH is down by 10.48%.

Technical indicators show that the hourly MACD is losing pace in the bearish zone, suggesting weakening downward momentum. The hourly RSI for BTC/USD has risen above the 50 level, indicating increasing buying interest. Major support levels are at $55,500 and $54,500, while resistance levels stand at $57,650 and $58,500. This suggests that Bitcoin is poised for potential upward movement if it can overcome these resistance points.

As of 1:00 PM, July 09, 2024, on WazirX, Bitcoin’s current price is ₹52,00,000. Its price has decreased by 1.34% in the last 24 hours and decreased by 9.05% in the past seven days.

Ethereum (ETH) is trading at ₹2,80,000, up by 1.72% in the last 24 hours. The 7-day ETH is down 11.22%.

The top gainers on WazirX include Bonk (BONK), Hifi Finance (HIFI), and SuperFarm (SUPER), with price increases of 20.14%, 16.98%, and 15.39%, respectively.

However, the tokens that underperformed comprised Viction (VIC), Oasis Network (ROSE), and Storj (STORJ), with a price decrease of 11.44%, 11.24%, and 10.29%, respectively.

Shiba Inu (SHIB) saw a 0.01% price increase and is now priced at ₹0.001490. Dogecoin (DOGE) saw a 0.71% price increase and is now priced at ₹9.8800.

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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