Bitcoin’s price has remained above $30,000 in the last 24 hours. Ethreum’s price went up by 2.33% with the Shapella upgrade and the buzz prior to the event.
Regulatory challenges continue to loom over US based Crypto companies creating uncertainty in the ecosystem. However APAC has been more optimistic about Crypto with India hinting at Crypto regulations in the upcoming G20 meetings and Hong Kong banks embracing more Crypto companies to fill the liquidity gap.
Bitcoin’s halving event is also another anticipated moment for next year where production of the token will rise and that is leading to more people purchasing the token.
The Exponential Moving Average for 10-day EMA and 200-day EMA indicates “Buy” at 29131 and 23425 respectively. The Simple Moving Average for 10-day and 200-day SMA indicates a “Buy” at 28860 and 20952.
The Ichimoku Base Line, valued at 28558, continues to be neutral. The Hull Moving Average indicates “Sell” at 30547. The Volume Weighted Moving Average indicates “Buy” at 28441
Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 69, with a neutral outlook. The Stochastic %K (14, 3, 3) indicates “Sell” at 86 and the Average Directional Index (14) indicates a Neutral outlook at 38.
The MACD Level (12, 26), at 1027, indicates “Buy”. The Stochastic RSI Fast (3, 3, 14, 14) indicates “Sell”at 84 and William’s Percentage is “Neutral” at −13.
As of 10:00 AM, 13th April 2023 on WazirX, Bitcoin’s price is ₹26,01,001 with almost 0.73% decrease in the last hour. There was a 1.10% increase in its price in the last 24 hours. The 7 day BTC is up 5.69%
Ethereum (ETH) is trading at ₹1,65,900, with an increase of 0.01% in the last hour. The 7 day ETH is up 2.02%.
The top gainers on WazirX include FTX Token (FTT), Near Protocol (NEAR), and Push Protocol (Push), with a price increase of 89.28%, 13.42%, and 9.28%, respectively.
However, the tokens that underperformed comprised Helium (HNT), Neo (NEO), and Cortex (CTXC), with a price decrease of 31.24%, 9.98%, and 7.57%, respectively.
Shiba Inu (SHIB) saw a price increase of 0.42% and is now priced at ₹0.000948. Dogecoin (DOGE) saw an increase of 0.78% and is now priced at ₹7.26.
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.
