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BTC Surged Past $49,000 As U.S.-Based Spot Bitcoin Exchange-Traded Funds (ETFs) Began Trading

By January 12, 20242 minute read

The current price of Bitcoin (BTC) is $46,067.06, with an almost 0.13% decrease in the last hour. There was a decrease of 1.02% in its price in the last 24 hours. The 7-day Bitcoin was up by 5.64%.

Ethereum (ETH) is currently trading at $2,598.66, with an almost 0.10% increase in the last hour. There has been a 0.19% increase in its price in the last 24 hours. The 7-day ETH has been up by 15.60%.

The Exponential Moving Average for 10-days and 200-days indicate “Buy” sentiment at 45374 and 34725, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate “Buy” at 45131 and 32930, respectively. The Simple Moving Average shows strong “Buy” sentiments.

The Ichimoku Base Line, valued at 44781, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Sell” signal at 46950. The Volume Weighted Moving Average at 44516 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 60, with a neutral indicator. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 69 and 20, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 1126 indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 70 with a “Neutral” indicator, while the Williams Percent Range (14) at −41 signals neutral sentiment.

As of 12:15 PM, 12th January 2024, on WazirX, Bitcoin’s current price is ₹40,91,000, with an almost 0.01% decrease in the last hour. There was a 0.03% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 5.16%.

Ethereum (ETH) is trading at ₹2,29,041, with an increase of 0.55% in the last hour. There was a decrease of 0.29% in the last 24 hours. The 7-day ETH is up by 16.08%.

The top gainers on WazirX include Bob (BOB), FTX Token (FTT), and Ethereum Name Service (ENS), with price increases of 35.63%, 14.4%, and 13.34%, respectively.

However, the tokens that underperformed comprised AVA (AVA), Standard Tokenization Protocol (STPT), and Stacks (STX), with a price decrease of 7.83%, 6.78%, and 6.66%, respectively.

Shiba Inu (SHIB) saw a price increase of 0.67% and is now priced at ₹0.000892. Dogecoin (DOGE) saw an increase of 1.07% and is now priced at ₹7.4389.

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