According to Coindesk, Strategy disclosed on Monday that it bought 7,390 bitcoins between May 12 and May 18, worth an average of $103,498. Valentin Fournier, chief research analyst at BRN, said the buying round was designed to firmly anchor the price of bitcoin at a new bottom above $100,000.
ETF inflows also reflect this strength. Fournier noted that Ethereum's (ETH) recent price gains have been driven more by organic demand than institutional inflows, which could mean that retail activity is increasing and there is a performance decoupling between Bitcoin and other counterfeit products.
Analyst: Bitcoin expected to stand firm at $100,000, ETH rally driven by retail investors
2025-05-20 11:26:45
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