Crypto Market Ticked Tentatively Upward As BTC Reclaimed Its Position Above $40,000

The current price of Bitcoin (BTC) is $40,062.45, with an almost 0.73% increase in the last hour. There was an increase of 0.16% in its price in the last 24 hours. The 7-day Bitcoin was down by 6.17%.

Ethereum (ETH) is currently trading at $2,217.63, with an almost 0.09% increase in the last hour. There has been a 0.23% increase in its price in the last 24 hours. The 7-day ETH has been down by 12.23%.

The Exponential Moving Average for 10-days and 200-days indicate a “Sell” and a “Buy” sentiment at 41035 and 35510, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Sell” and a “Buy” at 41156 and 33627, respectively. The Simple Moving Average shows a combination of “Sell” and “Buy” sentiments.

The Ichimoku Base Line, valued at 43777, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 39446. The Volume Weighted Moving Average at 43407 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 39, with a neutral indicator. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 16 and 23, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at -849 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 14 with a “Neutral” indicator, while the Williams Percent Range (14) at −80 signals neutral sentiment.

As of 09:30 AM, 25th January 2024, on WazirX, Bitcoin’s current price is ₹35,79,967, with an almost 1.5% increase in the last hour. There was a 0.59% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 5.96%.

Ethereum (ETH) is trading at ₹1,98,901, with an increase of 1.48% in the last hour. There was an increase of 0.26% in the last 24 hours. The 7-day ETH is down by 12.27%.

The top gainers on WazirX include Livepeer (LPT), Bluzelle (BLZ), and Pendle (PENDLE) with price increases of 15%, 14.28%, and 13.82%, respectively.

However, the tokens that underperformed comprised Siacoin (SC), Conflux (CFX), and UMA (UMA), with a price decrease of 28.51%, 13.17%, and 11.94%, respectively.

Shiba Inu (SHIB) saw a price decrease of 0.12% and is now priced at ₹0.00782. Dogecoin (DOGE) saw a decrease of 1.84% and is now priced at ₹6.9500.