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BTC Faced A Setback As The SEC Postponed The ETF Decision & Stayed Below The $26k Mark

By September 5, 20232 minute read

The current price of Bitcoin (BTC) is $25,646.21, with an almost 0.73% decrease in the last hour. There was a decrease of 1.56% in its price in the last 24 hours. The 7-day Bitcoin was down by 1.84%.

Ethereum (ETH) is currently trading at $1,609.86, with an almost 0.62% decrease in the last hour. There has been a 1.96% decrease in its price in the last 24 hours. The 7-day ETH has been down by 2.29%.

The Exponential Moving Average for 10-days and 200-days indicate strong “Sell” sentiment at 26094 and 27102, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate “Sell” at 26222 and 27585, respectively. Simple moving averages show strong “Sell” sentiments.

The Ichimoku Base Line, valued at 27496, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 25564. The Volume Weighted Moving Average at 26436 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 35, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 17 and 26, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at -661 indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 41 with a “Neutral” indicator, while the Williams Percent Range (14) at −90 signals “Neutral.”

As of 09:00 AM, 05th September 2023, on WazirX, Bitcoin’s current price is ₹22,62,501, with an almost 0.89% decrease in the last hour. There was a 0.70% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 2.01%.

Ethereum (ETH) is trading at ₹1,42,500, with a decrease of 0.69% in the last hour. There was a decrease of 0.70% in the last 24 hours. The 7-day ETH is down by 0.70%.

The top gainers on WazirX include Venus (XVS), Standard Tokenization Protocol (STPT), and pNetwork (PNT), with price increases of 9.37%, 9.09%, and 8.44%, respectively.

However, the tokens that underperformed comprised TomoChain (TOMO), Zcash (ZEC), and 0x Protocol (ZRX)with a price decrease of 9.45%, 9.02%, and 8.88%, respectively.

Shiba Inu (SHIB) saw a price decrease of 3.86% and is now priced at ₹0.000671. Dogecoin (DOGE) saw a decrease of 1.64% and is now priced at ₹5.5092.

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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