Amidst regulatory ambiguity, leading digital asset management platforms in the US delist tokens with uncertainty of categorization.
Bitcoin price which seemed stable last week, went down over the weekend as the market speculated rate hikes and cuts. But the industry continues to be bullish in its potential.
The Exponential Moving Average for 10-day EMA indicates “Sell” at 26211 and 200-day EMA indicates “Buy” at 25339. The Simple Moving Average for 10-day SMA indicates “Sell” at 25992 and 200-day SMA indicates “Buy” at 23927.
The Ichimoku Base Line, valued at 26004, continues to be neutral. The Hull Moving Average indicates “Sell” at 26579. The Volume Weighted Moving Average indicates “Buy” at 26294.
Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 49, with a neutral outlook. The Stochastic %K (14, 3, 3) at 63 and the Average Directional Index (14) at 26 indicate a Neutral outlook as well.
The MACD Level (12, 26), at −272, indicates “Sell”. The Stochastic RSI Fast (3, 3, 14, 14) is “Neutral” at 90 and William’s Percentage indicates “Neutral” at -37 as well.
As of 10:00 AM, 19th June 2023, on WazirX, Bitcoin’s price is ₹23,56,793, with 0.58% decrease in the last hour. There was a 0.79% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 0.11%.
Ethereum (ETH) is trading at ₹1,54,200. There was a 1.11% increase in the last 24 hours.
The top gainers on WazirX include DFI.Money (YFII), Maker (MKR), and Ontology (ONT), with a price increase of 11.71%, 10.8%, and 8.43%, respectively.
However, the tokens that underperformed comprised Yearn Finance (YFI), Hifi Finance (APE), and Stacks (STX), with a price decrease of 9.31%, 9.16%, and 8.38%, respectively.
Shiba Inu (SHIB) saw a price increase of 4.99% and is now priced at ₹0.000652. Dogecoin (DOGE) saw a increase of 1.42% and is now priced at ₹5.58.
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.
