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While Selling Pressure Subsides, BTC Struggles To Reclaim Positions, Currently Trading At $62.3k.

By May 14, 20241 minute read

The price of Bitcoin is $62,487.65. There was a 2.23% increase in its price in the last 24 hours. The 7-day Bitcoin is down by 1.20%.

Ethereum (ETH) is currently trading at $2,942.15. There has been an increase of 1.89% in its price in the last 24 hours. The 7-day ETH is down by 3.63%.

Bitcoin (BTC) has gradually declined from its all-time high of $72,800, now hovering at $62,535. Despite weakened selling pressure, sustained closure above averages eludes Bitcoin. Post-FED interest rate decision, Bitcoin attempted a recovery but faced renewed selling pressure. Currently finding support at EMA100, Bitcoin’s short-term resistance levels stand at $61,490, $62,680, and $63,161. Meanwhile, support lies at $60,338, $60k, and EMA200 at $53,087.

As of 09:30 AM, 14th May 2024, on WazirX, Bitcoin’s current price is ₹54,82,412. Its price has increased by 0.68% in the last 24 hours. In the past seven days, Bitcoin has decreased by 1.13%.

Ethereum (ETH) is trading at ₹2,60,901, up by 0.74% in the last 24 hours. The 7-day ETH is down 3.54%.

The top gainers on WazirX include Pepe (PEPE), Chromia (CHR), and Floki Inu (FLOKI), with price increases of 18.42%, 17.95%, and 13.72%, respectively.

However, the tokens that underperformed comprised Band Protocol (BAND), Pixels (PIXEL), and bitsCrunch (BCUT), with a price decrease of 13.54%, 11.07%, and 9.68%, respectively.

Shiba Inu (SHIB) saw a price increase of 4.75% and is now priced at ₹0.002047. Dogecoin (DOGE) saw an increase of 6.03% and is now priced at ₹13.1499.

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