BNB Surges 15% to Reach New All-Time High of $864
Binance Coin (BNB) has reached a new all-time high (ATH) of $864, marking a 15% increase in one week. This surge is attributed to heightened interest from institutional investors.
Key Highlights
- BNB currently trades at $859.06, with a 1.18% gain in the last 24 hours.
- Market cap stands at $119.58 billion, and 24-hour trading volume rose by 3.5% to $3.33 billion.
- Price remains above the 50-day Moving Average, with a 62 RSI indicating it is not overbought.
- CEA Industries purchased 200,000 BNB for $160 million, becoming the largest holder of BNB.
- The firm plans to invest $500 million in total into BNB reserves.
- Analyst predictions suggest BNB could reach $2,000 by year-end based on technical analysis.
Growing institutional adoption indicates renewed confidence in BNB and the digital asset market overall.