Bitcoin Prices Drop: Retail Demand Wanes in June

Bitcoin’s price dipped from the all-time high of $111,000 to approximately $104,000 in June, coinciding with a decline in retail transfer volume. The 30-day demand rate shifted from a positive 5% to minus 0.1%, signaling waning participation from smaller investors. While short-term volatility led to price fluctuations, institutional interest appears to be stabilizing the market.