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Bitcoin Trading At Around $40,800 Amid Anticipation Of The Last U.S. Interest Rate Decision

By December 13, 20232 minute read

The current price of Bitcoin (BTC) is $40,919.63, with an almost 0.02% increase in the last hour. There was a decrease of 2.22% in its price in the last 24 hours. The 7-day Bitcoin was down by 6.48%.

Ethereum (ETH) is currently trading at $2,172.69, with an almost 0.04% increase in the last hour. There has been a 2.93% decrease in its price in the last 24 hours. The 7-day ETH has been down by 4.80%.

The Exponential Moving Average for 10-days and 200-days indicate a “Sell” and “Buy” sentiment at 41848 and 31534, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Sell” and “Buy” at 42851 and 30476, respectively. Exponential and Simple Moving Averages show a combination of “Sell” and “Buy” sentiments.

The Ichimoku Base Line, valued at 40190, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Sell” signal at 41114. The Volume Weighted Moving Average at 40668 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 55, with a neutral indicator. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 53 and 46, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 1569 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 1 with a “Neutral” indicator, while the Williams Percent Range (14) at −52 signals “Neutral.”

As of 10:15 AM, 13th December 2023, on WazirX, Bitcoin’s current price is ₹35,75,000, with an almost 0.7% decrease in the last hour. There was a 2.66% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 6.47%.

Ethereum (ETH) is trading at ₹1,90,361, with an increase of 2.37% in the last hour. There was a decrease of 1.98% in the last 24 hours. The 7-day ETH is down by 4.98%.

The top gainers on WazirX include Bob (BOB), Cosmos (ATOM), and Fetch.AI (FET), with price increases of 38.89%, 16.89%, and 9.78%, respectively.

However, the tokens that underperformed comprised Combo (COMBO), Amp (AMP), and Filecoin (FIL), with a price decrease of 13.22%, 10.81%, and 9.33%, respectively.

Shiba Inu (SHIB) saw a price decrease of 3.87% and is now priced at ₹0.000818. Dogecoin (DOGE) saw a decrease of 3.21% and is now priced at ₹8.1497.

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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