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Bitcoin Plummeted To $68,725, Raising Investor Concerns.

By May 29, 20242 minute read

The price of Bitcoin is $67,935.60. There was a 0.13% decrease in its price in the last 24 hours. The 7-day Bitcoin is down by 2.71%.

Ethereum (ETH) is currently trading at $3,807.13. There has been a decrease of 1.60% in its price in the last 24 hours. The 7-day ETH is up by 1.70%.

Technical indicators show mixed signals: the Hourly MACD is losing pace in the bearish zone, while the Hourly RSI for BTC/USD is now above the 50 level. Major support levels are identified at $67,500 and $66,250, providing potential cushions against further declines. On the upside, major resistance levels are at $69,000 and $70,600, which Bitcoin must surpass to regain bullish momentum and stabilize the market.

As of 02:45 PM, 29th May 2024, on WazirX, Bitcoin’s current price is ₹58,45,999. Its price has decreased by 1.62% in the last 24 hours. In the past seven days, Bitcoin has decreased by 2.89%.

Ethereum (ETH) is trading at ₹3,26,000, down by 2.53% in the last 24 hours. The 7-day ETH is up 1.58%.

The top gainers on WazirX include Bob (BOB), Contentos (COS), and cat in a dogs world (MEW), with price increases of 54.84%, 46.57%, and 27.65%, respectively.

However, the tokens that underperformed comprised Audius (AUDIO), Pepe (PEPE), and Arweave (AR), with a price decrease of 8.8%, 7.87%, and 7.85%, respectively.

Shiba Inu (SHIB) saw a price increase of 10.41% and is now priced at ₹0.002374. Dogecoin (DOGE) saw a decrease of 0.4% and is now priced at ₹14.1110.

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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