Bitcoin holds at $3k+ but could possibly witness a massive sell should it fail to touch the $31k mark.
In contrast to the situation a few months ago, stablecoins are now lagging behind due to differences in regulations across regions. Their market cap reduction has resulted largely due to the de-pegging of fiat/crypto earlier this year which is creating an impact now.
Altcoins have also been showing signs of growth following Bitcoin’s trajectory and it could be an opportunity for projects to leverage their communities and tap into this growth phase.
The Exponential Moving Average for 10-day EMA indicates “Buy” at 30427 and 200-day EMA indicates “Buy” at 26130. The Simple Moving Average for 10-day SMA indicates “Sell” at 30580 and 200-day SMA indicates “Buy” at 25055.
The Ichimoku Base Line, valued at 28107, continues to be neutral. The Hull Moving Average indicates “Sell” at 30726. The Volume Weighted Moving Average indicates “Buy” at 29878.
Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 62, with a neutral outlook. The Stochastic %K (14, 3, 3) at 60 and the Average Directional Index (14) at 32 indicate a Neutral outlook.
The MACD Level (12, 26), at 896, indicates “Sell”. The Stochastic RSI Fast (3, 3, 14, 14) is “Neutral” at 5 and William’s Percentage too indicates a “Neural” sentiment at -51.
As of 10:00 AM, 6th July 2023, on WazirX, Bitcoin’s price is ₹26,20,100. There was a 0.58% decrease in its price in the last 24 hours. The 7 day Bitcoin was up by 0.31%
Ethereum (ETH) is trading at ₹1,65,000. There was an 0.10% decrease in the last 24 hours. The 7 day Ethereum was up by 1.23%.
The top gainers on WazirX include Dock (DOCK), OokiDAO (OOKI), and VITE (VITE), with a price increase of 16.28%, 13.1%, and 12.42%, respectively.
However, the tokens that underperformed comprised Verge (XVG), Slacoin (SC), and dydx (DYDX), with a price decrease of 15.21%, 13.41%, and 11.68%, respectively.
Shiba Inu (SHIB) saw a price decrease of 0.45% and is now priced at ₹0.000653. Dogecoin (DOGE) saw a decrease of 3.2% and is now priced at ₹5.72.
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.
