🟡 Michael Saylor, co-founder and chairman of MicroStrategy, expressed confidence in Bitcoin’s prospects. His statement came amidst record-low trading activity over the weekend, which dropped to just 16%. This could signal a decline in trader interest due to market uncertainty.
🟡 Earlier this year, Bitcoin’s price surged to a record high of $73,798 following the launch of the first spot Bitcoin ETFs in the U.S. However, demand and price action have since cooled, and Bitcoin has remained within a broad trading range. After falling to lows of $58,414 last Monday, bulls have been working tirelessly to keep Bitcoin above the $60,000 mark. This could indicate that interest in the cryptocurrency is returning.