Analyst: Bitcoin is expected to stabilize at 100,000 USD, ETH rise driven by retail investors.

BlockBeatNews
BTC-0,69%
ETH-0,92%

BlockBeats news, 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’s chief research analyst Valentin Fournier stated: “This round of buying aims to firmly establish a new bottom for Bitcoin’s price above $100,000. The inflow of funds into ETFs also reflects this strength.” Fournier pointed out that the recent price rise of Ethereum (ETH) “is more driven by organic demand rather than institutional inflows, which may indicate an increase in retail investor activity and a depeg between Bitcoin and other alts.”

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments