According to ChainCatcher, as 2024 approaches, the Bitcoin rally triggered by the election victory of Donald Trump in early November is stalling. Since reaching a record high in mid-December, Bitcoin has dropped by about $15,000. Chris Weston, head of research at Pepperstone Group, stated that Bitcoin's 'momentum is diverging from post-election trends', partly due to ETF outflows.
Meanwhile, software manufacturer MicroStrategy has been aggressively purchasing Bitcoin over the past few weeks. Traders are waiting and observing whether the company will continue to announce an increase in Bitcoin holdings on Monday. This year, Bitcoin has risen about 120%, outperforming traditional investments like global stocks and gold. Bitcoin has more than doubled in 2023, recovering from the bear market.
According to yesterday's news, Michael Saylor has released Bitcoin Tracker information for the eighth consecutive week, possibly hinting at another increase in BTC holdings.
