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BTC Extended Its Correction Below $68k, Testing The $67k Zone Before Recovering.

By May 31, 20241 minute read

The price of Bitcoin is $68,410.84. There was a 0.77% increase in its price in the last 24 hours. The 7-day Bitcoin is up by 1.39%.

Ethereum (ETH) is currently trading at $3,808.01. There has been an increase of 1.72% in its price in the last 24 hours. The 7-day ETH is up by 2.68%.

Technical indicators show mixed signals for Bitcoin. The hourly MACD is gaining momentum in the bearish zone, while the hourly RSI for BTC/USD is now above the 50 level, indicating some strength. Major support levels are at $68,000 and $67,000, with significant resistance at $68,800 and $69,500. These levels will be crucial in determining Bitcoin’s next move.

As of 05:45 PM, 31st May 2024, on WazirX, Bitcoin’s current price is ₹59,46,667. Its price has increased by 1.05% in the last 24 hours. In the past seven days, Bitcoin has increased by 1.30%.

Ethereum (ETH) is trading at ₹3,30,262, up by 1.84% in the last 24 hours. The 7-day ETH is up 2.47%.

The top gainers on WazirX include Beam (BEAMX), JasmyCoin (JASMY), and Arweave (AR), with price increases of 23.17%, 22.65%, and 16.07%, respectively.

However, the tokens that underperformed comprised Amp (AMP), Yield Guild Games (YGG), and StormX (STMX), with a price decrease of 6.46%, 6.36%, and 6.28%, respectively.

Shiba Inu (SHIB) saw a price decrease of 0.56% and is now priced at ₹0.002270. Dogecoin (DOGE) saw an increase of 0.01% and is now priced at ₹13.8013.

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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