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Price analysis 12/21: BTC, ETH, XRP, LTC, BCH, LINK, ADA, DOT, BNB, XLM

Published 12/21/2020, 02:47 PM
Updated 12/22/2020, 08:00 PM
Price analysis 12/21: BTC, ETH, XRP, LTC, BCH, LINK, ADA, DOT, BNB, XLM
JPM
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BTC/USDT
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MicroStrategy CEO Michael Saylor recently tweeted that he purchased another 29,646 Bitcoin (BTC) at an average price of $29,646. With this purchase, the company has deployed the $650 million raised through a recent convertible debt offering. The business intelligence firm now holds 70,470 Bitcoin and that makes it the fifth-largest individual holder of Bitcoin.

The current Bitcoin bull run has largely been driven by institutional investors. Analysts at JPMorgan Chase (NYSE:JPM) believe that in order for the uptrend to continue, fresh institutional money needs to keep trickling in as it has done in the past few weeks, or Bitcoin could witness a correction.

Daily cryptocurrency market performance. Source: Coin360
BTC/USDT daily chart. Source: TradingView
ETH/USDT daily chart. Source: TradingView
XRP/USDT daily chart. Source: TradingView
LTC/USDT daily chart. Source: TradingView
BCH/USD daily chart. Source: TradingView
LINK/USDT daily chart. Source: TradingView
ADA/USDT daily chart. Source: TradingView
DOT/USDT daily chart. Source: TradingView
BNB/USDT daily chart. Source: TradingView
XLM/USDT daily chart. Source: TradingView

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