The US Crypto leaders continue to emphasize the importance of Crypto regulations as markets recover following Bitcoin and Ethereum’s price increase.
The legal recognition of Bitcoin in Shanghai has paved the way for the price increase of the token. The anticipation of Ethereum ETFs and rise in staking on the network has also pushed the price increase of ETH.
The Exponential Moving Average for 10-day EMA indicates “Sell” at 26607 and 200-day EMA indicates “Sell” at 26952. The Simple Moving Average for 10-day SMA indicates “Sell” at 26592 and 200-day SMA indicates “Sell” at 27995.
The Ichimoku Base Line, valued at 26203, continues to be neutral. The Hull Moving Average indicates “Buy” at 26729. The Volume Weighted Moving Average indicates “Sell” at 26446.
The Relative Strength Index (14) sits at 56, with a neutral outlook. The Stochastic %K (14, 3, 3) at 53 and the Average Directional Index (14) at 13 indicate a Neutral outlook.
The MACD Level (12, 26), at 24, indicates “Buy”. The Stochastic RSI Fast (3, 3, 14, 14) is “Neutral” at 60 and William’s Percentage is “Neutral” at -37.
As of 10:00 AM, 29th September 2023, on WazirX, Bitcoin’s current price is ₹22,94,981. There was a 0.17% increase in its price in the last 24 hours. In the past 7 days, Bitcoin is up by 1.61%.
Ethereum (ETH) is trading at ₹1,39,526, with a decrease of 1.88% in the last 24 hours. The 7-day ETH is up by 2.93%.
The top gainers on WazirX include Gifto (GFT), Frontier (FRONT), IOS Token(IOST), and with price increases of 39.5%, 17.27%, and 16.39%, respectively.
However, the tokens that underperformed comprised Loom Network (LOOM), Biconomy (BICO), and Aave (AAVE), with a price decrease of 13.16%, 10.11%, and 6.1%, respectively.
Shiba Inu (SHIB) saw a price increase of 1.11% and is now priced at ₹0.000634. Dogecoin (DOGE) saw an increase of 0.38% 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.
