Bitcoin returns to $18,000 as investors are mixed over what’s next for the bull run

Bitcoin is finally showing some strength after a brutal correction to $16,200 earlier this week. The leading cryptocurrency has bounced to $18,000 as of this article’s writing, around 11 percent above the local lows. Chart of BTC’s price action over the past two days. Source: BTCUSD from TradingView The coin is expected to see small…

Barrons says “Big Money” is driving the Bitcoin rally

The price of Bitcoin (BTC) is hovering above $18,000 following a massive short-term correction to $16,200. Barrons reported that “Big Money” is driving BTC and as such, it could potentially move higher. In recent months, the Bitcoin market has seen an influx of institutional capital. Various on-chain metrics, exchange volume trends, and corporate figures, including…

3 reasons Stellar (XLM) saw a 166% rally within five days

The price of XLM, the native cryptocurrency of the Stellar blockchain, has been showing strong momentum. There are three reasons why XLM saw a 166% rally in the past week. The potential reasons are the consolidation of Bitcoin, technicals showing overbought conditions, and social media traction. The 4-hour price chart of XLM. Source: TradingView.com Bitcoin is…

High-net-worth Bitcoin investors aren’t all bearish—potential reasons why

High-net-worth investors are not all that bearish on Bitcoin despite the recent drop. Since its yearly peak, BTC plummeted by nearly 17%, but major investors do not seem fazed. There are several potential reasons why whales and high-net-worth investors are not bearish in the medium term. First, before the drop happened, as CryptoSlate reported, the…

Bitcoin derivatives market hasn’t been this wrecked since the March crash

On November 26, the Bitcoin futures market recorded nearly $800 million in long contract liquidations alone. It marked the worst day for the derivatives market since the March 12 crash. Almost 800 mil in long liquidations alone. The derivs market hasn’t gotten this rekt since the black swan in March.$BTC pic.twitter.com/omNoJUPXi3 — Byzantine General (@ByzGeneral)…

Despite losing $120M in a day, MicroStrategy is still up on its Bitcoin investment

Bitcoin’s latest price slump wiped out over $100 million in value from MicroStrategy’s crypto portfolio. However, despite suffering devastating losses in the past 24 hours, the company is still up almost 50 percent the 38,250 BTC it bought this year, showing that there’s no place for weak hands in billion-dollar NASDAQ companies. A billion-dollar company…