Analyst: Bitcoin Expected to Stabilize at $100,000, ETH Surge Driven by Retail Investors
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 that this round of buying aims to firmly establish the price of bitcoin above a new bottom of $100,000. The inflow of funds into ETFs also reflects this strength. Fournier noted that the recent price increase of Ethereum (ETH) is "more driven by organic demand rather than institutional inflows, which may indicate an increase in retail activity and a decoupling of performance between bitcoin and other altcoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Greeks.live: Overall Market Sentiment is Bullish, Volatility May Rise Soon
Spot Gold Continues to Rise, Surpassing $3,270 per Ounce
The three major U.S. stock indexes opened lower collectively, with the Nasdaq down 0.42%
Trump: The Alternative to Not Passing the Tax Bill is a Significant Tax Increase
Trending news
MoreCrypto prices
More
