BNB increased by 1.4% in the last 24 hours as investors boosted their involvement in the cryptocurrency market. The BNB price rose to $933.03 through significant transactions that overcame technical resistance, according to CoinDesk Research's technical analysis model.
This rise is part of a wider trend demonstrating growing interest from market participants preparing for a potential change in U.S. interest rates. The CME's FedWatch tool indicates a 96% likelihood of a 25 bps cut on Wednesday and a 5% chance of a 50 bps reduction. On Polymarket, traders estimate a 92% probability of the smaller cut and a 7% chance of the larger one.
Data from BSTA.ai reveals that corporate treasuries now hold approximately 828,900 BNB, valued at around $770 million at current rates, with several firms committing to continue acquiring the cryptocurrency. The largest corporate holder of BNB is CEA Industries, possessing 389,000 tokens in its treasury.
Traders noted signs of accumulation as prices remained steady in the low $910s before briefly surpassing $930. BNB is currently testing that resistance level once more.
The upward trend has consistently progressed throughout the session, with coordinated volume spikes indicating that the interest was not limited.
The cryptocurrency, which offers transaction fee discounts on the leading cryptocurrency exchange Binance or within the BNB Chain ecosystem, continues to be a frontrunner among exchange tokens.
It now constitutes 81% of the sector’s total market capitalization, and along with KuCoin’s KCS, is close to an all-time high, as indicated by CryptoQuant data.
Disclaimer: Parts of this article were generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
