binance coin certainly doesn’t. Not content with bashing through $175 like a gorilla through a birthday cake, it continues to surge and has just set a new all-time high over $200.
It’s now closing in on another huge psychological landmark
BNB’s surge comes as influential financial players continue to flood into crypto space. Yesterday, BlackRock’s chief investment officer of global fixed income, Rick Rieder, hinted to CNBC that the world’s largest asset manager has diversified into crypto, while private financial and investing advice company Motley Fool announced that it has bought $5 million worth of Bitcoin. If it’s doing that with its own money, what’s it advising its clients?
If that looks big, OG institutional investor MicroStrategy isn’t about to let some upstart take its bull-horn crown.
READ:Bitcoin price broke above $50,000 for the first time in history
The Nasdaq-listed business intelligence giant yesterday announced that it’s added a further $300 million to the novel debt issuance model it uses to raise funds for buying Bitcoin, bringing its latest planned convertible senior note sale to $900 million. The firm has already bought 70,784 Bitcoin, which is currently worth around $3.6 billion. It projects the net proceeds of this sale to come in around $879 million.
READ:Bitcoin whale makes Bitcoin transfer worth over $5.6 billion for just $18
Things are really heating up further down the ranks, with gains across the board. Ethereum is back approaching $2,000, but the real excitement is now that battle for fourth spot. Binance’s BNB token has gained more than 45% over the last 24 hours to hit $200, tearing past XRP, ADA and DOT in the process.
There’s now fewer than a billion dollars in market cap separating BnB, ADA and DOT. Can BNB break $210? Will ADA break $1? Could any of them break past Tether, which is a mere $3 billion away? It’s all to play for.