According to ChainCatcher, as 2024 approaches, the Bitcoin surge triggered by U.S. President Donald Trump's victory in early November is stalling. Since hitting a record 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 fund outflows.
Meanwhile, software manufacturer MicroStrategy has been aggressively purchasing Bitcoin over the past few weeks. Traders are waiting to see if 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 also more than doubled in 2023, recovering from the bear market.
Yesterday's news, Michael Saylor released Bitcoin Tracker information for the eighth consecutive week, possibly indicating another increase in BTC holdings.
