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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)