Crypto prices witnessed a setback from its high levels in the previous week as the 2-year US Treasury yield went up by 4.194%. This mildly affected investor sentiment towards Crypto assets as some market rebound after the banking crisis were noticed.
With ETH touching an 11 month high, withdrawals also increased on the network.
The SEC further tightened rules for Crypto platforms like Bittrex for allegedly operating as unregistered securities. BTC maximalist Michael Saylor strengthened his support for the token by integrating BTC lightening network into his corporate email address amidst rising confidence in the token.
The Exponential Moving Average for 10-day EMA indicates “Sell” at 29632 and 200-day EMA indicates “Buy” at 23748. The Simple Moving Average for 10-day SMA indicates “Sell” at 29862 and 200-day SMA indicates a “Buy” at 21220
The Ichimoku Base Line, valued at 28788, continues to be neutral. The Hull Moving Average indicates “Sell” at 29804. The Volume Weighted Moving Average indicates “Buy” at 29102.
Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 59, with a neutral outlook. The Stochastic %K (14, 3, 3) indicates “Sell” at 62 and the Average Directional Index (14) indicates a Neutral outlook at 40.
The MACD Level (12, 26), at 919, indicates “Sell”. The Stochastic RSI Fast (3, 3, 14, 14) is “Neutral” at 29 and William’s Percentage is “Neutral” at −48 as well.
As of 10:00 AM, 18th April 2023 on WazirX, Bitcoin’s price is ₹25,40,565, with a 0.37% decrease in the last hour. There was a 0.98% decrease in its price in the last 24 hours. The 7 day BTC is down 3.40%.
Ethereum (ETH) is trading at ₹1,81,000, with an decrease of 0.49% in the last 1 hour. There was a 0.48% increase in the last 24 hours. The 7 day ETH is down 1.84%
The top gainers on WazirX include COTI (COTI), Decentraland (MANA) and DFI.Money (YFII), with a price increase of 10.29%, 6.16%, and 5.57%, respectively.
However, the tokens that underperformed comprised Compound (COMP), Celer Network (CELR) and NKN (NKN), with a price decrease of 7.02%, 6.49%, and 6.26%, respectively.
Shiba Inu (SHIB) saw a price decrease of 0.61% and is now priced at ₹0.000981. Dogecoin (DOGE) saw a decrease of 0.11% and is now priced at ₹7.83.
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.
