News updates December 18, 2021

1. Bitcoin Price Analysis: BTC holds above $46,000, bears finally exhausted? Bitcoin price analysis is bullish today as we saw the $46,000 support prevent further downside overnight, indicating exhaustion for sellers. Therefore, we expect BTC/USD to move higher later today and potentially attempt to break a new higher high over the weekend.
2. Here's Who Is Pushing Bitcoin (BTC) Price Down: Glassnode Data. On-chain analyst Johannes, who goes by @ultravirtu, has taken to Twitter to compare the activity of Asian, European and American traders on Bitcoin (BTC) markets in recent years.According to him, based on Glassnode's on-chain data, a huge "amount of selling" from Asia is one of the main drivers behind the current Bitcoin (BTC) price downturn.
3. Three metrics showing how 2021 has finally been the year of institutional adoption. For those that have been around crypto for several years, there is a high chance that they have heard the phrase: “institutions are coming.”Among the most popular news of institutions entering the crypto space, Tesla’s $1.5bn BTC investment caught everyone by surprise. It is true that another US publicly traded companies were accumulating Bitcoin before them, Microstrategy. They continue buying BTC each dip, and nowadays they hold up to $3.66bn.
4. Will Brands Ruin the Metaverse?
   Corporations like Pepsi, Budweiser, and Adidas are buying NFTs and metaverse land and tweeting "WAGMI," making crypto less cool, more cringe.