The Currency Analytics
By Maheen Hernandez
Bitcoin has enjoyed an enormous boost by the influence of major tech companies who have taken an interest in Bitcoin and the cryptocurrency.
The Binance CEO has a contrary opinion and feels that the institutional demand for the cryptocurrency has not been driving the rally for as much as many of them think it has.
CZ said, "We have not seen institutions growing faster.” He further added, "What we’ve seen is a pickup in both places.
With the selling pressure for Ethereum building up, ETH is likely to drop lower. Bitcoin will mostly guide the near/mid-term price action of Ethereum.
Big Cheds, a famous analyst, stated, “$ETH #Ethereum – Flash crash on Bitstamp last night down to $191.”
A famous cryptocurrency analyst tweeted, "$ETH: Perfect! RSI support has finally broken. Next support region I see us testing is 233 region loveys.
The price of Ripple went down, and it is currently in a downtrend. The demand zones are in the downside. This further signals the continuation of the bearish trend.
Stellar Lumens is showing a bullish trend in the chart. The token started with a slight fall; however, it recovered.