The Binance Munt (BNB) has finally broken the barrier of $ 1,000, making the four-digit brand in history for the first time.
Summary
- BNB Price touches $ 1.005 and sets a new highest high in the middle of the Bullish Momentum and favorable macro-economic conditions.
- Binance founder Changpeng Zhao (CZ) celebrated the milestone as a real ‘community effort’.
- Institutional interest in Binance Coin has been shot up with remarkable names such as B-strategy, CEA industries and Nano Labs that bet on long-term accumulation.
- Technical prospects remain bullish and suggests a potential run to $ 1,300.
Binance Coin has risen above $ 1,000 marking and reached a new highest highlight of $ 1.005, powered by a mix of institutional demand, macro-economic shifts and rising investor confidence. This milestone marks an important moment for token, which has had a ruthless upward trend in recent weeks.
The price rally comes in the aftermath of the FED 25bps interest rate reduction, which has injected new liquidity into risk markets, including cryptocurrencies. In combination with renewed optimism in the crypto sector, BNB (BNB) has solidified its position under the top five cryptocurrencies per market hood.
Responding to the Golf, Binance founder Changpeng Zhao (CZ) shared A sincere message with the community on X, who thinks about the trip of BNB from his $ 0.10 to $ 1,000. He called the moment “something that words cannot explain” and continued with the community for their relentless support.
“This is just the beginning. Until the next 10000x together!,” CZ added.
Institutional steel wind fuel BNB price increase
Institutional demand for Binance Coin played an important role in this last price pump. In August, Nasdaq-listed investment firm B-strategy announced plans to collect $ 1 billion for the accumulation of the active through a dedicated treasury company, supported by YZI Labs. BNB will keep the new vehicle in his treasury and invest strategically in the wider BNB ECO system.
CZ has also recently noted that more than 50 companies of Digital Asset Treasury (DAT) have shown a similar interest in active, which indicates growing confidence of major players who want to obtain regulated exposure to the active. In the meantime, various companies such as CEA Industries, Nano Labs and Windree Therapeutics have unveiled all their long -term positions.
At the same time, the total value of Binance Smart Chain Locked (TVL) has increased Up to $ 7.93 billion, as a result of increased defi-activity and liquidity on the network, an important indicator for rising user involvement and real-world use cases.
As an addition to optimism, reports claim that the US Department of Justice close to lifting his compliance with Binance supervision, a movement that can further strengthen the trust of investors and reduce the overhang of the regulatory authorities.
Technical analysis shows Bulls in Commando
BNB trades at $ 998.04 per per time, according to market data from crypto.news. The Altcoin has witnessed a small correction after his enormous increase beyond $ 1,005. However, the momentum remains bullish, with 24-hour profits of 4.46% and around 11.2% in the last seven days.
The relative strength index (RSI) is 77.02, which indicates overbough tonditions, which can lead to short-term consolidation. However, a Bullish MacD -Crossover and widening of gap between the MACD and signal lines suggest a strong upward potential.
Fed by institutional interest, BNB could break above $ 1,100 with the following psychological target at $ 1,300. On the other hand, support is $ 950, $ 880 and $ 900.
