Trump's Crypto Comments Boost Bitcoin Price After Dip

Bitcoin dropped over 2% on July 6 after Strategy disclosed it sold $216 million worth of cryptocurrency, marking its second major sale this year.

The decline came as Strategy posted a $12.54 billion net loss in the first quarter due to Bitcoin's price slump.

Later that day, however, the price rebounded by 1.8% after President Donald Trump said he's 'a big crypto guy', sparking speculation about his stance on cryptocurrencies.

Experts warn that buying the dip comes with significant risks and requires a deep understanding of market conditions and high tolerance for volatility.