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