Analyst: ETF inflows and MicroStrategy's increase in holdings help BTC break through $100,000

Odaily Planet Daily News BRN chief analyst Valentin Fournier said that the total inflow of 1.1 billion US dollars in ETF reflects the recovery of institutional confidence. The inflow of this fund helped BTC break through $100,000, reaching a peak of $102,750, and then stabilizing at $101,700. In addition, MicroStrategy's $100 million acquisition of BTC further boosted market sentiment, although its acquisition speed has slowed to a more cautious level. However, Valentin Fournier said that despite benefiting from the inflow of funds, Ethereum remains stagnant, indicating that the bullish momentum is not enough to break through $4,000. (Theblock)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)