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BTC Price Crossed $44k, Reaching Its Highest Since Jan 12.

By February 8, 20242 minute read

The price of Bitcoin is $44,605.33. There was a 4.10% increase in its price in the last 24 hours. The 7-day Bitcoin is up by 6.11%.

Ethereum (ETH) is currently trading at $2,435.14. There has been an increase of 2.92% in its price in the last 24 hours. The 7-day ETH is up by 7.60%.

The Exponential Moving Average for a 10-day EMA indicates “Buy” at 43266, and a 200-day EMA indicates “Buy” at 36483. The Simple Moving Average for a 10-day SMA indicates “Buy” at 43202, and a 200-day SMA indicates “Buy” at 34516.

The Ichimoku Base Line, valued at 41636, continues to be neutral. The Hull Moving Average indicates “Buy” at 43997. The Volume Weighted Average indicates “Buy” at 41899. 

The Relative Strength Index (14) sits at 62, indicating “Neutral”. The Stochastic %K (14, 3, 3) at 93 and the Average Directional Index (14) at 12 indicate a Neutral outlook. 

The MACD Level (12, 26), at 353, indicates “Buy”. The Stochastic RSI Fast (3, 3, 14, 14) at 97  indicates ‘Neutral’, and William’s Percentage at -3 indicates ‘Sell’.

As of 11:00 AM, 08th February 2024, on WazirX, Bitcoin’s current price is ₹38,53,900, with an almost 3.10% increase in the last hour. There was a 2.81% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 5.83%.

Ethereum (ETH) is trading at ₹2,10,508, with an increase of 2.18% in the last hour. There was an increase of 3.40% in the last 24 hours. The 7-day ETH is up by 7.21%.

The top gainers on WazirX include BitTorrent (BTTC), Conflux (CFX), and Viction (VIC), with price increases of 19.94%, 16.15%, and 10.52%, respectively.

However, the tokens that underperformed comprised Ethereum Name Service (ENS), Green Metaverse Token (GMT), and DeXe (DEXE), with a price decrease of 13.26%, 7.96%, and 7.6%, respectively.

Shiba Inu (SHIB) saw a price increase of 2.05% and is now priced at ₹0.000795. Dogecoin (DOGE) saw an increase of 0.5% and is now priced at ₹6.8947.

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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