Bitcoin approaches 55K, Ethereum challenges 3200, top 10 cryptocurrencies move in sync.

With stock markets in Taiwan, the United States, Japan, and Europe all hitting historic highs, is the bull market in the cryptocurrency world also on the horizon? Bitcoin surged suddenly from $51,000 to a high of $54,910 last night; Ethereum also approached $3,200. The top ten cryptocurrencies all showed favorable market conditions, with BNB breaking through the $400 mark, while SOL, ADA, and AVAX all experienced around a 5% increase.

Bitcoin Approaches 55K, Reaching Highest Level Since November 2021

Bitcoin surged suddenly from 51K to a high of 54,910 USD last night, marking an almost 6% increase within a day, reaching its highest level since late November 2021.

MicroStrategy Buys More Bitcoin, Stock Price Surges to 800 USD

MicroStrategy's founder Michael Saylor announced yesterday that the company has added 3,000 BTC at an average price of 51,813. MicroStrategy now holds 193,000 BTC with an average price of 31,544.

MicroStrategy's stock price surged over 15% yesterday, reaching the 800 USD mark in after-hours trading, hitting a new high since November 2021.

Ethereum Approaches 3,200

ETH surpassed 3,100 yesterday morning, with short-term moving averages showing a bullish trend. It reached a high of 3,196 USD last night.

Next, it may challenge the right shoulder of the previous large head and shoulders pattern, around the 3,500 USD level, which is also the first resistance area of Fibonacci Retracement near the 3,427 level.

Top 10 Coins Price Changes

Yesterday, the top 10 coins all saw good market performance following Bitcoin's rise, with BNB breaking the $400 mark, and SOL, ADA, AVAX all having around a 5% increase.