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BTC Trades Near $47k & ETH Surpasses $2.5k After Bitcoin ETF Gets Green Light From SEC

By January 11, 20242 minute read

The current price of Bitcoin (BTC) is $46,542.67, with an almost 0.25% decrease in the last hour. There was an increase of 0.67% in its price in the last 24 hours. The 7-day Bitcoin was up by 7.88%.

Ethereum (ETH) is currently trading at $2,600.15, with an almost 0.35% increase in the last hour. There has been a 9.97% increase in its price in the last 24 hours. The 7-day ETH has been up by 16.6%.

The Exponential Moving Average for 10-days and 200-days indicate “Buy” sentiment at 45266 and 34613, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate “Buy” at 45045 and 32852, respectively. The Simple Moving Average shows strong “Buy” sentiments.

The Ichimoku Base Line, valued at 44205, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Sell” signal at 47175. The Volume Weighted Moving Average at 44305 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 63, with a neutral indicator. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 78 and 18, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 1145 indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 77 with a “Neutral” indicator, while the Williams Percent Range (14) at −21 signals neutral sentiment.

As of 09:30 AM, 11th January 2024, on WazirX, Bitcoin’s current price is ₹41,55,100, with an almost 0.33% decrease in the last hour. There was a 0.01% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 7.79%.

Ethereum (ETH) is trading at ₹2,30,000, with an increase of 10.6% in the last hour. There was an increase of 9.43% in the last 24 hours. The 7-day ETH is up by 0.33%.

The top gainers on WazirX include Ethereum Classic (ETC), Ethereum Name Service (ENS), and Pendle (PENDLE), with price increases of 29.68%, 22.71%, and 21.95%, respectively.

However, the tokens that underperformed comprised Standard Tokenization Protocol (STPT), Threshold Network Token (T), and Bonk (BONK), with a price decrease of 12%, 7.09%, and 5.86%, respectively.

Shiba Inu (SHIB) saw a price increase of 3.6% and is now priced at ₹0.000890. Dogecoin (DOGE) saw an increase of 3.33% and is now priced at ₹7.3882.

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