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Despite Buyers’ Efforts, Bitcoin (BTC) Faces Selling Pressure.

By May 15, 20242 minute read

The price of Bitcoin is $62,162.31. There was a 0.46% increase in its price in the last 24 hours. The 7-day Bitcoin is down by 0.02%.

Ethereum (ETH) is currently trading at $2,914.09. There has been a decrease of 0.06% in its price in the last 24 hours. The 7-day ETH is down by 2.66%.

Reduced trading volume contributes to BTC’s diminished volatility. Over the last 24 hours, breaching the $61.7k resistance was swiftly followed by a retreat, indicating prevailing bearish sentiment.

Bitcoin’s technical indicators show bullish momentum, with the hourly MACD gaining pace in the bullish zone. The hourly RSI for BTC/USD is above the 50 level, indicating strength. Major support levels are at $61,550 and $61,000, while resistance levels stand at $62,200, $62,500, and $63,500.

As of 01:45 PM, 15th May 2024, on WazirX, Bitcoin’s current price is ₹54,56,148. Its price has increased by 0.62% in the last 24 hours. In the past seven days, Bitcoin has decreased by 0.21%.

Ethereum (ETH) is trading at ₹2,57,998, up by 0.03% in the last 24 hours. The 7-day ETH is down 3.01%.

The top gainers on WazirX include Floki Inu (FLOKI), Mask Network (MASK), and Alpha Finance Labs (ALPHA), with price increases of 17.2%, 9.38%, and 7.81%, respectively.

However, the tokens that underperformed comprised Combo (COMBO), Injective Protocol (INJ), and Viberate (VIB), with a price decrease of 11.47%, 11.14%, and 10.43%, respectively.

Shiba Inu (SHIB) saw a price increase of 1.15% and is now priced at ₹0.002097. Dogecoin (DOGE) saw a decrease of 0.53% and is now priced at ₹12.9500.

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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