SHIB & DOGE Are Down By 7%, BTC & ETH Saw A Price Decline Too

By March 10, 20232 minute read

As of now, the current price of Bitcoin (BTC) is $20,322.96, with an almost 0.46% decrease in the last hour. There was an 8% decrease in its price in the last 24 hours. The 7-day Bitcoin was down by 10.16%.

Ethereum (ETH) is currently trading at $1450.35, with an almost 0.46% decrease in the last hour. There has been a 7.51% decrease in its price in the last 24 hours. The 7-day ETH has been down 8.75%.

The Exponential Moving Average for 10-days and 200-days indicates “Sell” at 21794.13 and 21760.90, respectively. Similarly, the Simple Moving Average for 10-days indicates a “Sell,” and 200-day SMA indicates a “Buy” at 22096.50 and 19705.93, respectively. Both moving averages show a mixture of “Buy” and “Sell” markets.

The Ichimoku Base Line, valued at 22540.00, remains neutral, whereas the Hull Moving Average indicates a “Sell” signal at 20514.79. The Volume Weighted Moving Average at 22982.75 showed a “Sell” signal.

Major market indicators point towards a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 27.75, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 5.85 and 22.92, respectively, further indicating a neutral market.

The MACD Level (12, 26), at -520.60, indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 0.00 with a “Neutral” indicator, while the Williams Percent Range (14) at −94.19 signals “Neutral.” 

As of 09:00 AM, 10th March 2023, on WazirX, Bitcoin’s current price is ₹17,90,996, with an almost 5.63% decrease in the last hour. There was a 5.69% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 10.22%.

Ethereum (ETH) is trading at ₹1,25,200.2, with a decrease of 6.55% in the last hour. There was a decrease of 6.57% in the last 24 hours. The 7-day ETH is down by 8.48%.

The top gainers on WazirX include Celo (CELO), Verge (XVG), and Chainlink (LINK), with a price increase of 4.78%, 4.61%, and 2.64%, respectively.

However, the tokens that underperformed comprised Kyber Network Crystal v2 (KNC), Blur (BLUR), and Yearn Finance (YFI), with a price decrease of 18.76%, 16.8%, and 16.35%, respectively.

Shiba Inu (SHIB) saw a price decrease of 7.62% and is now priced at ₹0.000897. Dogecoin (DOGE) saw a downtrend of 7.71% and is now priced at ₹5.8600.

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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