From Investing.com: 2024-06-30 11:30:24

MicroStrategy co-founder Michael Saylor sends a powerful message about Bitcoin’s potential during market stagnation. Weekend Bitcoin trading hits a low of 16% this year, signaling a shift in activity patterns. Reduced trading levels may reflect trader boredom as prices fall. Saylor’s optimism points towards a potential resurgence in interest and trading volume.

Bitcoin made headlines in 2024 with the launch of U.S. spot ETFs, driving prices to a record high of $73,798. Price action sees Bitcoin struggling to break above $60,000 after a recent dip. Despite on-chain data showing signs of dip buying, failure to break previous highs has dampened bullish sentiment. Bitcoin’s current price stands at $61,387.

Read more at Investing.com: Michael Saylor Declares Bitcoin’s Next Wave Amid BTC Dull Market Action By U.Today