BlockBeats News, May 20th, according to Coindesk, Strategy disclosed on Monday that it purchased 7,390 bitcoins between May 12th and May 18th at an average price of $103,498. Valentin Fournier, Chief Research Analyst at BRN, stated: "This round of buying action aims to firmly establish a new bottom for Bitcoin above $100,000. The inflow of funds into ETFs also reflects this strength."
Fournier pointed out that the recent price increase of Ethereum (ETH) "is more driven by organic demand rather than institutional inflows, which may indicate increasing retail activity and a decoupling of performance between Bitcoin and other altcoins."
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