Price

Bitcoin has undergone a strong rally over the past day, gaining $300 as it pushes to $11,750. It topped out at $11,820 today as the dollar underwent a slight rally higher. TradingView.com data indicates that Bitcoin is outpacing a swath of other assets over the past day’s trading session. It is outperforming the S&P 500,
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An increasing amount of Bitcoin is being accumulated by institutions. This much was made clear on Tuesday, when Stone Ridge Asset Management revealed to Forbes that it had picked up 10,000 BTC, representing one percent of its assets under management. Investors think that further institutional adoption of the cryptocurrency could result in prices going parabolic.
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Bitcoin has dropped slightly since establishing highs of $11,730 on Monday. The leading cryptocurrency currently trades for just over $11,400. Bitcoin is expected to see some volatility as announcements are expected from China about blockchain or its digital currency. From a technical standpoint, BTC is expected to retrace in the coming days as the bullish
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