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Bitcoin Crossed The $26k Mark; Along With Ether Moving Past Its $1.6k Mark

By September 18, 20232 minute read

The current price of Bitcoin (BTC) is $26,675.04, with an almost 0.69% increase in the last hour. There was an increase of 0.55% in its price in the last 24 hours. The 7-day Bitcoin was up by 3.56%.

Ethereum (ETH) is currently trading at $1,630.51, with an almost 0.84% increase in the last hour. There has been a 0.15% increase in its price in the last 24 hours. The 7-day ETH has been up by 1.09%.

The Exponential Moving Average for 10-days and 200-days indicate a mix of “Buy” and “Sell” sentiment at 26338 and 26987, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Buy” and “Sell” at 26186 and 27734, respectively. Simple moving averages show a mixture of “Buy” and “Sell” sentiments.

The Ichimoku Base Line, valued at 26531, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Sell” signal at 26791. The Volume Weighted Moving Average at 26079 showed a “Buy” 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 85 and 15, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at -146 indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 98 with a “Neutral” indicator, while the Williams Percent Range (14) at −12 signals “Neutral.”

As of 11:30 AM, 18th September 2023, on WazirX, Bitcoin’s current price is ₹22,77,889, with an almost 0.17% increase in the last hour. There was a 0.16% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 0.36%.

Ethereum (ETH) is trading at ₹1,40,949, with an increase of 0.81% in the last hour. There was an increase of 0.12% in the last 24 hours. The 7-day ETH is up by 0.83%.

The top gainers on WazirX include Icon (ICX), Origin Token (OGN), and Contentos (COS), with price increases of 23.77%, 14.31%, and 10.24%, respectively.

However, the tokens that underperformed comprised HiFi Finance (HIFI), Tellor (TRB), and Standard Tokenization Protocol (STPT) with a price decrease of 34.97%, 27.77%, and 15.21%, respectively.

Shiba Inu (SHIB) saw a price decrease of 1.86% and is now priced at ₹0.000630. Dogecoin (DOGE) saw a decrease of 1.47% and is now priced at ₹5.3000.

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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