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Bitcoin Crossed The $30k Mark Due To The False Rumour About The Spot ETF Approval.

By October 17, 20232 minute read

The current price of Bitcoin (BTC) is $28,326.42, with an almost 0.15% decrease in the last hour. There was an increase of 3.95% in its price in the last 24 hours. The 7-day Bitcoin was up by 2.27%.

Ethereum (ETH) is currently trading at $1,592.45, with an almost 0.06% decrease in the last hour. There has been a 1.94% increase in its price in the last 24 hours. The 7-day ETH has been up by 0.42%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” sentiment at 27571 and 27045, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Buy” at 27427 and 28019, respectively. Exponential and Simple Moving Averages show a “Buy” sentiment.

The Ichimoku Base Line, valued at 27939, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 28019. The Volume Weighted Moving Average at 27538 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 62, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 48 and 23, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 238 indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 74 with a “Neutral” indicator, while the Williams Percent Range (14) at −47 signals “Neutral.”

As of 09:20 AM, 17th October 2023, on WazirX, Bitcoin’s current price is ₹24,37,607, with an almost 4.16% increase in the last hour. There was a 3.95% 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 ₹1,38,823, with an increase of 2.66% in the last hour. There was an increase of 2.62% in the last 24 hours. The 7-day ETH is down by 3.80%.

The top gainers on WazirX include Dock (DOCK), Zcash (ZEC), and UMA (UMA), with price increases of 33.01%, 18.02%, and 15.72%, respectively.

However, the tokens that underperformed comprised Loom Network (LOOM), OokiDAO Token (OOKI), and Tomochain (TOMO), with a price decrease of 21.89%, 9.31%, and 8.54%, respectively.

Shiba Inu (SHIB) saw a price increase of 2.15% and is now priced at ₹0.000616. Dogecoin (DOGE) saw an increase of 1.13% and is now priced at ₹5.2099.

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