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FASB’s Approval For Companies Holding Crypto Led To Bitcoin Price Surge

By September 7, 20232 minute read

The current price of Bitcoin (BTC) is $25,789.91, with an almost 0.08% increase in the last hour. There was a decrease of 0.05% in its price in the last 24 hours. The 7-day Bitcoin was down by 5.26%.

Ethereum (ETH) is currently trading at $1,635.77, with an almost 0.16% increase in the last hour. There has been a 0.06% increase in its price in the last 24 hours. The 7-day ETH has been down by 3.63%.

The Exponential Moving Average for 10-days and 200-days indicate strong “Sell” sentiment at 26007 and 27077, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate “Sell” at 26173 and 27599, 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 25675. The Volume Weighted Moving Average at 26388 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 37, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 16 and 25, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at -617 indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 40 with a “Neutral” indicator, while the Williams Percent Range (14) at −84 signals “Buy.”

As of 09:15 AM, 07th September 2023, on WazirX, Bitcoin’s current price is ₹22,30,601, with an almost 0.91% decrease in the last hour. There was a 0.89% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 3.39%.

Ethereum (ETH) is trading at ₹1,41,401, with a decrease of 1.67% in the last hour. There was a decrease of 1.06% in the last 24 hours. The 7-day ETH is down by 1.47%.

The top gainers on WazirX include Worldcoin (WLD), Contentos (COS), and Render Token (RNDR), with price increases of 28.01%, 21.95%, and 9.73%, respectively.

However, the tokens that underperformed comprised Lovely Inu Finance (LOVELY), DODO (DODO), and Viberate (VIB)with a price decrease of 15.92%, 11.67%, and 9.99%, respectively.

Shiba Inu (SHIB) saw a price decrease of 0.88% and is now priced at ₹0.000671. Dogecoin (DOGE) saw a decrease of 1.08% and is now priced at ₹5.4800.

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