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Bitcoin Trading Near $43k; Key Tokens Saw A Price Increase In Past 24 Hours

By December 26, 20232 minute read

The current price of Bitcoin (BTC) is $43,439.09, with an almost 0.01% decrease in the last hour. There was an increase of 0.91% in its price in the last 24 hours. The 7-day Bitcoin was up by 1.05%.

Ethereum (ETH) is currently trading at $2,271.90, with an almost 0.03% increase in the last hour. There has been a 0.14% decrease in its price in the last 24 hours. The 7-day ETH has been up by 1.67%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” sentiment at 43227 and 32949, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Buy” at 43159 and 31523, respectively. The Simple Moving Average shows “Buy” sentiments.

The Ichimoku Base Line, valued at 41179, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Sell” signal at 43500. The Volume Weighted Moving Average at 42764 showed a “Buy” signal.

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Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 59, with a neutral indicator. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 74 and 28, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 1053 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 49 with a “Neutral” indicator, while the Williams Percent Range (14) at −25 signals “Neutral.”

As of 10:00 AM, 26th December 2023, on WazirX, Bitcoin’s current price is ₹38,14,775, with an almost 0.37% increase in the last hour. There was a 0.56% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 0.93%.

Ethereum (ETH) is trading at ₹1,99,319, with an increase of 0.11% in the last hour. There was an increase of 0.12% in the last 24 hours. The 7-day ETH is up by 1.48%.

The top gainers on WazirX include Storj (STORJ), OmiseGO (OMG), and DeXe (DEXE), with price increases of 21.73%, 17.18%, and 16.73%, respectively.

However, the tokens that underperformed comprised FunFair (FUN), pNetwork (PNT), and BitTorrent (BTTC), with a price decrease of 22.54%, 13.24%, and 12.04%, respectively.

Shiba Inu (SHIB) saw a price increase of 1.47% and is now priced at ₹0.000960. Dogecoin (DOGE) saw an increase of 0.17% and is now priced at ₹8.2514.

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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