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Bitcoin Consolidated Near $68.5k, Failed To Sustain Crucial $70k Level, Signals Bearish Trends.

By May 28, 20241 minute read

The price of Bitcoin is $67,923.24. There was a 0.93% decrease in its price in the last 24 hours. The 7-day Bitcoin is down by 4.18%.

Ethereum (ETH) is currently trading at $3,846.23. There has been a decrease of 1.50% in its price in the last 24 hours. The 7-day ETH is up by 5.66%.

The hourly MACD for BTC/USD is losing pace in the bullish zone while the RSI hovers near the 50 level. Key support levels are at $69,000 and $68,500, with major resistance at $70,000 and $70,600. These technical indicators suggest a balanced market with the potential for upward and downward movements.

As of 02:00 PM, 28th May 2024, on WazirX, Bitcoin’s current price is ₹51,49,000. Its price has decreased by 0.43% in the last 24 hours. In the past seven days, Bitcoin has decreased by 4.26%.

Ethereum (ETH) is trading at ₹3,36,600, down by 0.39% in the last 24 hours. The 7-day ETH is up 5.57%.

The top gainers on WazirX include cat in a dogs world (MEW), TokenFi (TOKEN), and 

Audius (AUDIO), with price increases of 20.76%, 14.51%, and 10.33%, respectively.

However, the tokens that underperformed comprised (ETHFI), Illuvium (ILV), and Jito (JTO), with a price decrease of 9.65%, 9.39%, and 6.77%, respectively.

Shiba Inu (SHIB) saw a price decrease of 0.5% and is now priced at ₹0.002152. Dogecoin (DOGE) saw a decrease of 0.28% and is now priced at ₹14.1664.

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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