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Decline In Shares Of Two Regional Banks Triggered BTC To Rise Above $28k

By May 3, 20232 minute read

As of now, the current price of Bitcoin (BTC) is $28,486.10, with an almost 0.16% increase in the last hour. There was an increase of 1.86% in its price in the last 24 hours. The 7-day Bitcoin was up by 0.64%.

Ethereum (ETH) is currently trading at $1,860.28, with an almost 0.14% increase in the last hour. There has been a 1.89% increase in its price in the last 24 hours. The 7-day ETH has been down by 0.20%.

The Exponential Moving Average for 10-days and 200-days indicate a “Sell” and “Buy” at 28683 and 24411, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA indicates a “Sell” and “Buy” at 28678 and 21898, respectively. Both moving averages strongly show a mixed sentiment.

The Ichimoku Base Line, valued at 29008, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 28448. The Volume Weighted Moving Average at 28804 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 49, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 43 and 21, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 120 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 42 with a “Neutral” indicator, while the Williams Percent Range (14) at −51 signals “Neutral.”

As of 09:00 AM, 03rd May 2023, on WazirX, Bitcoin’s current price is ₹24,90,000, with an almost 0.39% decrease in the last hour. There was a 0.46% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 2.39%.

Ethereum (ETH) is trading at ₹1,61,400, with a decrease of 0.06% in the last hour. There was an increase of 0.87% in the last 24 hours. The 7-day ETH is down by 1.94%.

The top gainers on WazirX include Komodo (KMD), Stacks (STX), and JasmyCoin (JASMY), with a price increase of 15.68%, 11.49%, and 9.22%, respectively.

However, the tokens that underperformed comprised Civic (CVC), OriginToken (OGN), and Kusama (KSM), with a price decrease of 8.86%, 6.03%, and 5.91%, respectively.

Shiba Inu (SHIB) saw a price increase of 0.91% and is now priced at ₹0.000883. Dogecoin (DOGE) saw an increase of 0.02% and is now priced at ₹6.9306.

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