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Prices of Bitcoin & Ethereum Fell On Friday Due To Fed’s Remarks 

By September 22, 20232 minute read

The current price of Bitcoin (BTC) is $26,583.87, with an almost 0.07% decrease in the last hour. There was a decrease of 1.46% in its price in the last 24 hours. The 7-day Bitcoin was up by 0.08%.

Ethereum (ETH) is currently trading at $1,591.10, with an almost 0.08% increase in the last hour. There has been a 1.75% decrease in its price in the last 24 hours. The 7-day ETH has been down by 2.46%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” and “Sell” sentiment at 26617 and 26984, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Sell” at 26677 and 27825, respectively. Exponential 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 26918. The Volume Weighted Moving Average at 26265 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 51, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 72 and 15, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 6 indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 76 with a “Neutral” indicator, while the Williams Percent Range (14) at −34 signals “Neutral.”

As of 10:30 AM, 22nd September 2023, on WazirX, Bitcoin’s current price is ₹22,85,003, with an almost 1.37% decrease in the last hour. There was a 1.35% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 1.23%.

Ethereum (ETH) is trading at ₹1,38,896, with a decrease of 1.81% in the last hour. There was a decrease of 1.93% in the last 24 hours. The 7-day ETH is up by 0.64%.

The top gainers on WazirX include Loom Network (LOOM), Worldcoin (WLD), and Compound (COMP), with price increases of 18.36%, 8.62%, and 7.97%, respectively.

However, the tokens that underperformed comprised Cream Finance (CREAM), Ren (REN), and Avalanche (AVAX), with a price decrease of 11.77%, 8%, and 7.49%, respectively.

Shiba Inu (SHIB) saw a price increase of 0.09% and is now priced at ₹0.000630. Dogecoin (DOGE) saw a decrease of 0.75% and is now priced at ₹5.2999.

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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