Michael Saylor Continues to Advocate for Bitcoin Even Amidst Trading Decline

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    <p>MicroStrategy's co-founder and chairman, Michael Saylor, remains unwavering in his support for Bitcoin, even as the market shows signs of stagnation.</p>
    <p>Emphasizing his belief in the digital asset, Saylor tweeted, "Bitcoin expands your universe," demonstrating his consistent positivity towards Bitcoin's future.</p>
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    <p>The backdrop for Saylor's latest remarks is a noticeable downturn in Bitcoin's trading volume. Data from <a target="_blank" href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener">CoinMarketCap</a> reveals a 37% decrease in daily trading volumes during the past 24 hours.</p>
    <p>This decrease in activity marks a distinct shift from earlier in the year, when the debut of the first U.S. spot Bitcoin ETFs sent Bitcoin's value soaring to a peak of $73,798 in March. Since then, both excitement and the currency's value have decreased, with Bitcoin's value adjusting to around $61,400.</p>
    <p>Nevertheless, current on-chain metrics seem to imply a growing interest in accumulation; a sizeable figure of over 20,200 BTC, valued at around $1.23 billion, was transferred to accumulation addresses in a mere day, signaling a bullish sentiment amongst investors during price dips.</p>
    <p>Even amidst reduced trading activity, Saylor continues to shape the outlook of the cryptocurrency space with his relentless optimism.</p>
    <figure class="wp-block-image">
        <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdJklDPp40wTemQ3BWf85z_ClIb7STW-VREPwxb60AGv-uEk_uIQJlnyZgiELNZyKBBQi3K2jdWtEfA66nbtHtO9MYZzJviwf26gIdx_cT2ox9mbQbM1n5tkAotJ3BRhRTuKb7U-ouLlvyfWUP8UDr1o7-r?key=8orSBjKLW_J8SFzRAN3eXg" alt="Bitcoin Current Price Chart">
        <figcaption class="wp-element-caption">Bitcoin's Current Market Price | <a target="_blank" href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener">CoinMarketCap</a></figcaption>
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        <p><strong>Also Read: </strong><a target="_blank" href="https://www.cryptotimes.io/2024/06/30/runes-token-transactions-on-bitcoin-blockchain-by-drop-88/"><strong>Runes Token Transactions Decline by 88% on Bitcoin's Blockchain</strong></a></p>
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