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BTC And ETH Are On Edge As The Federal Reserve Discusses Rate Hikes

By July 27, 20232 minute read

The current price of Bitcoin (BTC) is $29,512.10, with an almost 0.19% increase in the last hour. There was an increase of 0.65% in its price in the last 24 hours. The 7-day Bitcoin was down by 1.65%.

Ethereum (ETH) is currently trading at $1,878.25, with an almost 0.28% increase in the last hour. There has been a 0.81% increase in its price in the last 24 hours. The 7-day ETH has been down by 0.93%.

The Exponential Moving Average for 10-days and 200-days indicate strong “Sell” and “Buy” sentiments at 29647 and 26865, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA indicate “Sell” and “Buy” at 29655 and 26449, respectively. Simple moving averages show a strong combination of “Sell” and “Buy” sentiments.

The Ichimoku Base Line, valued at 30330, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 29164. The Volume Weighted Moving Average at 30125 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 45, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 17 and 23, respectively, further indicating a “Buy” and “Neutral” market.

The MACD Level (12, 26) at -69 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 13 with a “Neutral” indicator, while the Williams Percent Range (14) at −79 signals “Neutral.”

As of 09:00 AM, 27th July 2023, on WazirX, Bitcoin’s current price is ₹25,49,100, with an almost 0.51% increase in the last hour. There was a 0.50% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 2.16%.

Ethereum (ETH) is trading at ₹1,63,000, with an increase of 0.74% in the last hour. There was an increase of 0.63% in the last 24 hours. The 7-day ETH is down by 0.53%.

The top gainers on WazirX include OriginToken (OGN), Bitgert (BRISE), and Tellor (TRB), with price increases of 23.16%, 18.02%, and 17.65%, respectively.

However, the tokens that underperformed comprised Worldcoin (WLD), Balancer (BAL), and Amp (AMP), with a price decrease of 14.52%, 8.97%, and 8.40%, respectively.

Shiba Inu (SHIB) saw a price increase of 0.29% and is now priced at ₹0.000685. Dogecoin (DOGE) saw a decrease of 2.94% and is now priced at ₹6.5994.

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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