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As The CPI Released, BTC’s Price Initially Propelled to $31k But Then Dipped Slightly

By July 13, 20232 minute read

The current price of Bitcoin (BTC) is $30,343.78, with an almost 0.41% decrease in the last hour. There was a decrease of 1.16% in its price in the last 24 hours. The 7-day Bitcoin was down by 0.52%.

Ethereum (ETH) is currently trading at $1,869.92, with an almost 0.24% decrease in the last hour. There has been a 0.62% decrease in its price in the last 24 hours. The 7-day ETH has been down by 2.26%.

The Exponential Moving Average for 10-days and 200-days indicate a “Sell” and “Buy” sentiment at 30361 and 26411, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA indicate a “Sell” and “Buy” at 30372 and 25528, respectively. Simple moving averages show a mixture of “Sell” and “Buy” sentiments.

The Ichimoku Base Line, valued at 28880, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Sell” signal at 30475. The Volume Weighted Moving Average at 30428 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 57, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 47 and 33, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 542 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 20 with a “Neutral” indicator, while the Williams Percent Range (14) at −60 signals “Neutral.”

As of 09:30 AM, 13th July 2023, on WazirX, Bitcoin’s current price is ₹26,14,999, with an almost 0.34% decrease in the last hour. There was a 0.18% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 0.35%.

Ethereum (ETH) is trading at ₹1,59,674, with an increase of 0.1% in the last hour. There was an increase of 0.31% in the last 24 hours. The 7-day ETH is down by 0.29%.

The top gainers on WazirX include WazirX Token (WRX), Helium (HNT), and Arweave (AR), with price increases of 28.60%, 18.47%, and 11.86%, respectively.

However, the tokens that underperformed comprised Orchid (OXT), Nem (XEM), and Ontology (ONT), with a price decrease of 15.37%, 14.99%, and 13.61%, respectively.

Shiba Inu (SHIB) saw a price increase of 0.46% and is now priced at ₹0.000650. Dogecoin (DOGE) saw a decrease of 0.36% and is now priced at ₹5.6205.

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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