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Bitcoin (BTC) Soared Above $64,000; Market Indicators Are Bullish.

By March 4, 20242 minute read

The price of Bitcoin is $63,701.09. There was a 2.78% increase in its price in the last 24 hours. The 7-day Bitcoin is up by 24.07%.

Ethereum (ETH) is currently trading at $3,480.64. There has been an increase of 1.55% in its price in the last 24 hours. The 7-day ETH is up by 12.62%.

The Exponential Moving Average for a 10-day EMA indicates “Buy” at 59721, and a 200-day EMA indicates “Buy” at 40441. The Simple Moving Average for a 10-day SMA indicates “Buy” at 58989, and a 200-day SMA indicates “Buy” at 37625.

The Ichimoku Base Line, valued at 54304, continues to be neutral. The Hull Moving Average indicates “Sell” at 64462. The Volume Weighted Average indicates “Buy” at 56278. 

The Relative Strength Index (14) sits at 82, indicating “Sell”. The Stochastic %K (14, 3, 3) at 92 indicates “Neutral,” and the Average Directional Index (14) at 51 indicates a “Neutral” outlook.

The MACD Level (12, 26), at 4288, indicates “Buy”. The Stochastic RSI Fast (3, 3, 14, 14) at 72  indicates ‘Neutral’, and William’s Percentage at -4 indicates ‘Neutral’.

As of 12:15 PM, 04th March 2024, on WazirX, Bitcoin’s current price is ₹54,54,162, with an almost 2.54% increase in the last hour. There was a 2.66% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 23.45%.

Ethereum (ETH) is trading at ₹2,97,700, with an increase of 1.47% in the last hour. There was an increase of 1.50% in the last 24 hours. The 7-day ETH is up by 11.77%.

The top gainers on WazirX include Pepe (PEPE), Bonk (BONK), and Memecoin (MEME), with price increases of 65.9%, 41.21%, and 40.82%, respectively.

However, the tokens that underperformed comprised QuickSwap (QUICK), Harmony (ONE), and Livepeer (LPT), with a price decrease of 13.75%, 11.32%, and 8.73%, respectively.

Shiba Inu (SHIB) saw a price increase of 28.63% and is now priced at ₹0.002318. Dogecoin (DOGE) saw an increase of 19.45% and is now priced at ₹14.0000.

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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