BTC/USD is trading at $62658.8, 0.16% up since previous day close. The Bitcoin slid down to $62 levels after rallying to fresh highs of $64000 on Wednesday since the crypto currency exchange, Coinbase, showed a poor debut on NASDAQ. This led to selling in major digital assets. Last week, the BTC/USD traded in tight consolidation phase indicating the chances of breakout on either side. The mayhem in Covid-19 situation in India, Europe & U.S; is resulting into lockdown phase which suppresses the equity markets & pushed up the BTC/USD. Earlier, the few U.S conglomerates started accepting Bitcoin as a term of payment following the Tesla’s move which poured in the liquidity Bitcoin. Sideways trading may be seen further.

XRP/USD is trading at $1.7231, 0.18% down since previous day close.        The slight profit-booking can be seen in Ripple after surging to three-year highs above $1 & heading towards next level of $2. Globally, the higher chances of passing new U.S stimulus package & worsening Covid-19 situation in major countries with soft USD remains supportive for XRP/USD. On Wednesday, the disappointing listing of Coinbase, a crypto currency exchange at NASDAQ pushed down the Bitcoin & Altcoins to some extent. As seen in the chart, the XRP/USD seems to be trading strongly above the short term Moving Averages of period 10 & 20. Buying on corrective dips may be seen for the day in the pair XRP/USD with the possible target of $1.90-$1.98 levels.