With the stock markets in Taiwan, the United States, Japan, and Europe all reaching historic highs, is it time for a bull market in the cryptocurrency circle? Bitcoin suddenly surged from $51,000 to a peak of $54,910 last night, while Ether also challenged $3,200. The top ten cryptocurrencies all saw good market conditions, with BNB breaking through the $400 mark and SOL, ADA, and AVAX all experiencing gains of around 5%.
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Bitcoin Approaching $55K, Reaching Its Highest Level Since November 2021
MicroStrategy Buys More Bitcoin, Stock Price Surges to $800
Ether Approaching $3,200
Top Ten Coin Price Changes
Bitcoin experienced a rapid rise yesterday evening, reaching a high of $54,910, an increase of nearly 6% within a day, marking the highest level since late November 2021.
MicroStrategy founder Michael Saylor announced yesterday that MicroStrategy has once again increased its purchase of 3,000 BTC, with an average price of $51,813. MicroStrategy now holds 193,000 BTC with an average holding price of $31,544.
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MicroStrategy’s stock price surged more than 15% yesterday, breaking through the $800 mark after hours, reaching a new high since November 2021.
ETH surpassed $3,100 yesterday morning, with short-term moving averages showing a bullish trend. It reached a high of $3,196 last night.
Next, there is a chance to challenge the right shoulder of the previous large head and shoulders pattern, around the $3,500 mark. This is also the first resistance level near the Fibonacci retracement level of 3,427.
Yesterday, the top ten cryptocurrencies all saw good market conditions as they rose along with Bitcoin. BNB broke through the $400 mark, while SOL, ADA, and AVAX all had gains of around 5%.
BNB
BTC
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MicroStrategy
Further reading:
ETH Surpasses $3,100, Dencun Upgrade and ETF Support, Outperforming Bitcoin in Gains This Year
Yuga Labs Co-founder Returns as CEO, Three Major Propositions Leading Bored Apes to Glory?