Bitcoin and Ethereum have shown recovery in prices. The market dynamics are set to shift as China slowly starts embracing Crypto.
The US’s government shutdown might disrupt ongoing plans of interest rates by the Fed, prompting a whole new approach. The government’s decisions on Crypto regulations might also see a shift or delay with impending developments.
The Exponential Moving Average for 10-day EMA indicates “Sell” at 26417 and 200-day EMA indicates “Sell” at 26946. The Simple Moving Average for 10-day SMA indicates “Sell” at 26555 and 200-day SMA indicates “Sell” at 27979.
The Ichimoku Base Line, valued at 26203, continues to be neutral. The Hull Moving Average indicates “Buy” at 26206. The Volume Weighted Moving Average indicates “Sell” at 26374.
The Relative Strength Index (14) sits at 48, with a neutral outlook. The Stochastic %K (14, 3, 3) at 26 and the Average Directional Index (14) at 12 indicate a Neutral outlook.
The MACD Level (12, 26), at -61, indicates “Buy”. The Stochastic RSI Fast (3, 3, 14, 14) is “Neutral” at 13 and William’s Percentage is “Neutral” at -74.
As of 10:00 AM, 28th September 2023, on WazirX, Bitcoin’s current price is ₹22,50,170. There was a 3.14% increase in its price in the last 24 hours. In the past 7 days, Bitcoin is up by 1.47%.
Ethereum (ETH) is trading at ₹1,37,965.5. The 7-day ETH is up by 1.77%.
The top gainers on WazirX include Tellor (TRB), Loom Network (LOOM), Biconomy (BICO), and with price increases of 25.85%, 23.69%, and 21.92%, respectively.
However, the tokens that underperformed comprised Frontier (FRONT), StormX (STMX), and Hifi Finance (HIFI), with a price decrease of 29.77%, 10.29%, and 10.04%, respectively.
Shiba Inu (SHIB) saw a price decrease of 0.63% and is now priced at ₹0.000624. Dogecoin (DOGE) saw an increase of 0.93% and is now priced at ₹5.25
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.
