ETH attempts to challenge this year's high, BNB returns to the third spot in market value, MicroStrategy further increases its holdings in Bitcoin.

Due to the year-end holidays in Europe and the United States, trading in the US stock market remained subdued. However, the Dow closed up more than 110 points, once again hitting a new all-time high. The S&P 500 edged up by 0.14%, remaining less than 0.5% away from its closing record of 4,796.56 points set in January 2022.

BTC Range-bound, ETH Attempts to Challenge Yearly High

Regarding cryptocurrencies, BTC remains range-bound, while ETH is attempting to challenge the yearly high of $2,403.

Binance Bids Farewell to the Gloom, BNB Surges to 320

Despite the recent prediction by asset management firm VanEck that Binance may lose its top spot in the spot market by 2024 due to competition from rivals such as OKX, Bybit, Coinbase, and Bitget, Binance CEO Richard Teng stated yesterday that Binance has over 170 million global users.

BNB bid farewell to the gloom yesterday, reclaiming the third spot, as Binance launched the Launchpool project Sleepless AI AI, allowing users to mine using BNB, FDUSD, and TUSD. This led to another increase in BNB price, reaching $320.

MicroStrategy Buys More Bitcoin, Stock Price Surges by 11%

MicroStrategy announced yesterday that they have purchased an additional 14,620 BTC at an average price of $42,110. This purchase brings their total Bitcoin holdings to an impressive 189,150 BTC with an average cost of $31,168. The unrealized profit has now reached a staggering $2.3 billion.

MicroStrategy's stock price surged by 11% yesterday, reaching $670, marking a 314% increase year-to-date, outperforming Bitcoin's 163%.

Bitcoin takes me higher! What exactly is MicroStrategy's Bitcoin strategy?