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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.

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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