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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 β€œSell” at 66309, and a 200-day EMA indicates β€œBuy” at 50087. The Simple Moving Average for a 10-day SMA indicates β€œSell” at 67465, and a 200-day SMA indicates β€œBuy” at 46614.

The Ichimoku Base Line, valued at 67032, continues to be neutral. The Hull Moving Average indicates β€œBuy” at 62640, and the Volume Weighted Average indicates β€œSell” at 67778. 

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

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

As of 02:30 PM, 16th April 2024, on WazirX, Bitcoin’s current price is β‚Ή59,51,794. 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 β‚Ή2,87,529, 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 β‚Ή0.002025. Dogecoin (DOGE) saw a decrease of 5.5% and is now priced at β‚Ή14.6000.

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