CoinVoice has recently reported that as 2024 approaches, the Bitcoin rally triggered by the victory of Donald Trump in early November is coming to a halt. Since hitting a record in mid-December, Bitcoin has fallen by about $15,000. Chris Weston, head of research at Pepperstone Group, stated that Bitcoin's momentum has shifted away from the election trends, partly due to ETF fund outflows.
Meanwhile, software maker MicroStrategy has been aggressively purchasing Bitcoin over the past few weeks. Traders are waiting to see if the company will continue to announce Bitcoin acquisitions on Monday. This year, Bitcoin has risen by about 120%, outperforming traditional investments like global stocks and gold. Bitcoin has also more than doubled in 2023, recovering from the bear market.
Yesterday it was reported that Michael Saylor has released Bitcoin Tracker information for the eighth consecutive week, possibly indicating another increase in BTC holdings. [Original link]
