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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.

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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