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Bitcoin (BTC) Faces Intense Pressure, Dragging Altcoins To New Lows.

By June 11, 20242 minute read

The price of Bitcoin is $66,964.47. There was a 1.90% decrease in its price in the last 24 hours. The 7-day Bitcoin is down by 2.19%.

Ethereum (ETH) is currently trading at $3,594.27. There has been a decrease of 2.23% in its price in the last 24 hours. The 7-day ETH is down by 6.00%.

Technical indicators for Bitcoin show a bearish trend. The hourly MACD is accelerating in the bearish zone, while the RSI for BTC/USD has fallen below the 50 level, indicating weak momentum. Key support levels to watch are $68,000 and $67,500. On the upside, major resistance levels are at $69,000 and $69,500. This suggests that BTC is currently under selling pressure, and a break below the support levels could lead to further declines while holding above the resistance levels could signal a potential recovery.

As of 03:00 PM, June 11, 2024, on WazirX, Bitcoin’s current price is ₹60,00,000. Its price has decreased by 0.36% in the last 24 hours and decreased by 2.37% in the past seven days.

Ethereum (ETH) is trading at ₹3,16,000, down by 1.16% in the last 24 hours. The 7-day ETH is down 6.22%.

The top gainers on WazirX include Livepeer (LPT), LeverFI (LEVER), and Bakery Token (BAKE), with price increases of 12.55%, 12.12%, and 8.56%, respectively.

However, the tokens that underperformed comprised Clover finance (CLV), Conflux (CFX), and Mask Network (MASK), with a price decrease of 15.34%, 13.2%, and 12.36%, respectively.

Shiba Inu (SHIB) saw a price decrease of 2.19% and is now priced at ₹0.002005. Dogecoin (DOGE) saw a decrease of 0.77% and is now priced at ₹12.7200.

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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