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Bitcoin Remained Relatively Stagnant, Ethereum Stayed Below $1.6k Threshold

By September 26, 20232 minute read

The current price of Bitcoin (BTC) is $26,376.63, with an almost 0.26% increase in the last hour. There was an increase of 0.68% in its price in the last 24 hours. The 7-day Bitcoin was down by 1.69%.

Ethereum (ETH) is currently trading at $1,593.16, with an almost 0.27% increase in the last hour. There has been a 0.88% increase in its price in the last 24 hours. The 7-day ETH has been down by 2.57%.

The Exponential Moving Average for 10-days and 200-days indicate a “Sell” sentiment at 26473 and 26959, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Sell” at 26629 and 27930, respectively. Exponential moving averages show a “Sell” sentiment.

The Ichimoku Base Line, valued at 26203, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 26194. The Volume Weighted Moving Average at 26343 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 47, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 46 and 13, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at -45 indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 27 with a “Neutral” indicator, while the Williams Percent Range (14) at −65 signals “Neutral.”

As of 09:15 AM, 26th September 2023, on WazirX, Bitcoin’s current price is ₹22,52,341, with an almost 0.25% decrease in the last hour. There was a 0.71% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 0.27%.

Ethereum (ETH) is trading at ₹1,35,268, with a decrease of 0.24% in the last hour. There was an increase of 0.53% in the last 24 hours. The 7-day ETH is down by 0.22%.

The top gainers on WazirX include Loom Network (LOOM), Gifto (GFT), and Cream Finance (CREAM), with price increases of 19.8%, 19.15%, and 15.08%, respectively.

However, the tokens that underperformed comprised Aave (AAVE), QuickSwap (QUICK), and FTX Token (FTT), with a price decrease of 8.25%, 7.99%, and 6.25%, respectively.

Shiba Inu (SHIB) saw a price decrease of 0.15% and is now priced at ₹0.000632. Dogecoin (DOGE) saw a decrease of 0.32% and is now priced at ₹5.2599.

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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