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The Crypto Market Continues To Face Turmoil Amidst Escalating Iran-Israel Tension.

By April 16, 20242 minute read

The price of Bitcoin is $63,076.10 There was a 2.78% decrease in its price in the last 24 hours. The 7-day Bitcoin is down by 11.62%.

Ethereum (ETH) is currently trading at $3,101.01. There has been a decrease of 1.54% in its price in the last 24 hours. The 7-day ETH is down by 16.85%.

The Exponential Moving Average for a 10-day EMA indicates “Sell” at 66309, and a 200-day EMA indicates “Buy” at 50087. The Simple Moving Average for a 10-day SMA indicates “Sell” at 67465, and a 200-day SMA indicates “Buy” at 46614.

The Ichimoku Base Line, valued at 67032, continues to be neutral. The Hull Moving Average indicates “Buy” at 62640, and the Volume Weighted Average indicates “Sell” at 67778. 

The Relative Strength Index (14) sits at 42, indicating “Neutral”. The Stochastic %K (14, 3, 3) at 26 indicates “Neutral,” and the Average Directional Index (14) at 19 indicates a “Neutral” outlook.

The MACD Level (12, 26), at 418, indicates “Sell”. The Stochastic RSI Fast (3, 3, 14, 14) at 8  indicates ‘Neutral’, and William’s Percentage at -81 indicates ‘Buy’.

As of 02:30 PM, 16th April 2024, on WazirX, Bitcoin’s current price is ₹59,51,794. Its price has decreased by almost 4.84% in the last hour and by 4.74% in the last 24 hours. In the past seven days, Bitcoin has decreased by 10.30%.

Ethereum (ETH) is trading at ₹2,87,529, down by 6.17% in the last hour and increased by 6.34% in the last 24 hours. The 7-day ETH is down 15.03%.

The top gainers on WazirX include Ontology (ONT), bitsCrunch (BCUT), and SuperFarm (SUPER), with price increases of 16.44%, 13.05%, and 9.82%, respectively.

However, the tokens that underperformed comprised WOO Network (WOO), Helium (HNT), and Icon (ICX), with a price decrease of 20.98%, 18.97%, and 17.91%, respectively.

Shiba Inu (SHIB) saw a price decrease of 10.19% and is now priced at ₹0.002025. Dogecoin (DOGE) saw a decrease of 5.5% and is now priced at ₹14.6000.

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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