BTC/USD is trading at $36724.8 lower since previous day close. The Bitcoin struggled to cross key benchmark level of $40K formed earlier in a week with a steady trading volume. The traders & investors remain suspicious towards crypto trading after China imposed new rules & banned financial institutions and payment companies from offering services related to crypto currency transactions & warned against speculative trading in Bitcoin. However, the Tesla’s & MicroStrategy’s CEO planned to opt for cleaner energy for Bitcoin mining which slightly boosted the Bitcoin & other Altcoins. As seen in the chart, the BTC/USD is hovering near major support level of previous lows & hence, slight selling may be seen further.

BCH/USD is trading at $674.89, 0.28% down since previous day close. Like Bitcoin & other Altcoins, the Bitcoin Cash (BCH) slid down on Friday after inching up earlier in a week. The attempts of improving Bitcoin mining with cleaner energy contributed this bullishness in cryptos. However, the traders & investors remain more optimistic towards equity markets as U.S President Joe Biden is propose another stimulus package worth $6 trillion. This may shift the funds from digital assets to indices. Last week, the BCH/USD slipped on Chinese steps of banning financial institutions and payment companies from offering services related to crypto currency transactions. Slight selling may be recommended in BCH/USD for the day.