Token

2024

Bitcoin

Michael Saylor, co-founder and chairman of MicroStrategy, has reaffirmed his optimistic stance on Bitcoin despite current market stagnation.&nbsp; 
In a recent tweet, Saylor declared, “Bitcoin expands your universe,” signaling his continued faith in the cryptocurrency’s potential. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a> expands your universe. <a href="https://t.co/ypYLBE9mfS" target="_blank">pic.twitter.com/ypYLBE9mfS</a>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1807066558469992511?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 29, 2024</a>
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Saylor’s statement comes at a time when Bitcoin trading activity has reached a notable low. According to <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>, daily trading volumes have dropped to just 37% in the last 24 hours. 
This percentage is down compared to trading activity earlier this year when the launch of the first U.S. spot Bitcoin ETFs drove the cryptocurrency to an all-time high of $73,798 in March. However, demand and pricing have since cooled, with Bitcoin currently trading at $61,400. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdJklDPp40wTemQ3BWf85z_ClIb7STW-VREPwxb60AGv-uEk_uIQJlnyZgiELNZyKBBQi3K2jdWtEfA66nbtHtO9MYZzJviwf26gIdx_cT2ox9mbQbM1n5tkAotJ3BRhRTuKb7U-ouLlvyfWUP8UDr1o7-r?key=8orSBjKLW_J8SFzRAN3eXg" alt="AD 4nXdJklDPp40wTemQ3BWf85z ClIb7STW VREPwxb60AGv uEk uIQJlnyZgiELNZyKBBQi3K2jdWtEfA66nbtHtO9MYZzJviwf26gIdx cT2ox9mbQbM1n5tkAotJ3BRhRTuKb7U ouLlvyfWUP8UDr1o7 r?key=8orSBjKLW J8SFzRAN3eXg">
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 Bitcoin Current Price Chart | <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>
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Despite the slowdown, recent on-chain data suggests potential accumulation. Over 20,200 BTC, worth approximately $1.23 billion, were sent to accumulation addresses in a single day, hinting at possible dip-buying behaviour. 
Saylor’s constant optimism, even in the face of reduced market activity, continues to influence the crypto community.&nbsp; 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/30/runes-token-transactions-on-bitcoin-blockchain-by-drop-88/" target="_blank" rel="noreferrer noopener">Runes Token Transactions on Bitcoin Blockchain by Drop 88%</a> 
</blockquote>

Micheal Saylor Remains Bullish on Bitcoin Despite Drop in Trade

The Crypto Times

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