While Bitcoin’s price holds steady, stablecoin Tether gains popularity among the Crypto community amidst its expansion and acquisition in the ecosystem.
APAC Crypto transaction volumes rise due to positive regulatory developments.
The Exponential Moving Average for 10-day EMA indicates “Buy” at 28144 and 200-day EMA indicates “Buy” at 25509. The Simple Moving Average for 10-day SMA indicates “Buy” at 27488 and 200-day SMA indicates “Buy” at 24180.
The Ichimoku Base Line, valued at 27756, continues to be neutral. The Hull Moving Average indicates “Sell” at 30615. The Volume Weighted Moving Average indicates “Buy” at 27121.
Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 70, with a neutral outlook. The Stochastic %K (14, 3, 3) at 87 indicates “Sell” and the Average Directional Index (14) at 29 indicates a Neutral outlook.
The MACD Level (12, 26), at 580, indicates “Buy”. The Stochastic RSI Fast (3, 3, 14, 14) is “Sell” at 98 and William’s Percentage indicates a Neutral sentiment at -13.
As of 10:00 AM, 23rd June 2023, on WazirX, Bitcoin’s price is ₹26,07,600, with 0.01% increase in the last hour. There was a 0.33% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 14.08%.
Ethereum (ETH) is trading at ₹1,62,300. There was a increase of 1% in the last 1 hour. There was an 1.06% increase in the last 24 hours. In the past 7 days, Ethereum was up by 6.42%.
The top gainers on WazirX include Biconomy (BICO), Civic (CVC), and Pepe (PEPE), with a price increase of 13.32%, 7.74%, and 6.61%, respectively.
However, the tokens that underperformed comprised The Graph (GRT), Injective Protocol (INJ), and Tellor (TRB), with a price decrease of 9.17%, 9.04%, and 8.82%, respectively.
Shiba Inu (SHIB) saw a price decrease of 1.57% and is now priced at ₹0.000688. Dogecoin (DOGE) saw a decrease of 1.57% and is now priced at ₹5.80.
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.
