Trump's Crypto Comments Send Bitcoin Price Rebounding

On July 6, Bitcoin's price dropped by more than 2% after Strategy, a corporate buyer of Bitcoin, disclosed it had sold around $216 million worth of cryptocurrency. This was not its first time selling some of its Bitcoin reserves - a complete reversal from its previous 'never sell' approach.

Strategy posted a $12.54 billion net loss in the first quarter of this year as the price of Bitcoin slumped.

Later that day, President Donald Trump said he's 'become a big crypto guy', which led to a 1.8% rebound in Bitcoin's price within hours.

Financial experts warn that cryptocurrency markets are notoriously volatile and sensitive to news cycles, making short-term price swings unpredictable.