On May 20, according to Coindesk, Strategy disclosed on Monday that it purchased 7,390 Bitcoins between May 12 and May 18, with an average value of $103,498. BRN chief research analyst Valentin Fournier stated: “This round of buying is aimed at firmly establishing Bitcoin’s price above the new bottom of $100,000. The inflow of funds into ETFs also reflects this strength.” Fournier pointed out that the recent price rise of Ethereum (ETH) “is driven more by organic demand rather than institutional inflows, which may indicate that retail investor activity is increasing and there is a depeg in performance between Bitcoin and other alts.”
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Analyst: Bitcoin is expected to stabilize at 100,000 USD, ETH rise driven by retail investors.
On May 20, according to Coindesk, Strategy disclosed on Monday that it purchased 7,390 Bitcoins between May 12 and May 18, with an average value of $103,498. BRN chief research analyst Valentin Fournier stated: “This round of buying is aimed at firmly establishing Bitcoin’s price above the new bottom of $100,000. The inflow of funds into ETFs also reflects this strength.” Fournier pointed out that the recent price rise of Ethereum (ETH) “is driven more by organic demand rather than institutional inflows, which may indicate that retail investor activity is increasing and there is a depeg in performance between Bitcoin and other alts.”