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

By January 25, 20242 minute read

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.

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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