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Bitcoin Stays Relatively Stable In A Fluctuating Crypto Market; WRX Token Rose By 35% In The Past 24 Hours.

By October 16, 20232 minute read

The current price of Bitcoin (BTC) is $27,215.82, with an almost 0.12% decrease in the last hour. There was an increase of 0.92% in its price in the last 24 hours. The 7-day Bitcoin was down by 2.70%.

Ethereum (ETH) is currently trading at $1,561.52, with an almost 0.14% decrease in the last hour. There has been a 0.41% increase in its price in the last 24 hours. The 7-day ETH has been down by 4.38%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” sentiment at 27164 and 27019, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Sell” at 27260 and 28013, respectively. Exponential moving averages show a “Buy” sentiment.

The Ichimoku Base Line, valued at 27285, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 26940. The Volume Weighted Moving Average at 27259 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 52, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 28 and 17, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 71 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 27 with a “Neutral” indicator, while the Williams Percent Range (14) at −63 signals “Neutral.”

As of 11:30 AM, 16th October 2023, on WazirX, Bitcoin’s current price is ₹23,70,715, with an almost 1.72% increase in the last hour. There was a 2.48% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 3.76%.

Ethereum (ETH) is trading at ₹1,35,007, with an increase of 0.61% in the last hour. There was a decrease of 0.03% in the last 24 hours. The 7-day ETH is down by 3.80%.

The top gainers on WazirX include WazirX Token (WRX), Band Protocol (BAND), and Alpaca Finance (ALPACA), with price increases of 35.67%, 25.72%, and 17.48%, respectively.

However, the tokens that underperformed comprised OokiDAO Token (OOKI), Orchid (OXT), and AdEx Network (ADX), with a price decrease of 17%, 12.5%, and 9.4%, respectively.

Shiba Inu (SHIB) saw a price increase of 2.45% and is now priced at ₹0.000625. Dogecoin (DOGE) saw a decrease of 0.01% and is now priced at ₹5.1604.

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