BNB increased 1.4% over the last 24 hours as investors increased exposure to the cryptocurrency market. The BNB price rose to $ 933.03 through a series of large volume transactions that pierced technical resistance, according to Coindesk Research’s technical analysis model.
The increase, part of a broader step, reflects the growing interest from market participants who place themselves in front of a potential shift in US interest rates. CME’s FedWatch tool shows a 96% chance for a 25 BPS reduction Wednesday and a 5% chance of a 50 bps cut. At the polymemarket, dealers weigh a 92% chance of the smaller cut and a 7% chance of the larger one.
Data from BSTA.AI shows that corporate tax boxes now have about 828,900 BNB, worth approx. $ 770 million at current prices, while several companies have promised to continue to accumulate cryptocurrency. The largest business owner of BNB is CEA Industries with 389,000 tokens in its treasury.
Dealers observed signs of accumulation as prices stable in the low $ 910s before they broke over $ 930. BNB is currently testing this resistance level again.
The upward momentum has moved steadily through the session, with coordinated volume tips confirming that the interest was not isolated.
Cryptocurrency, which can be used for discounts on transaction fees on leading cryptocurrency -exchange binance or within the BNB chain ecosystem, has remained a leader among the exchange roof.
It currently represents 81% of the overall market value of the sector, and together with Kucoin’s KCS is near a high, cryptoquant data shows.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
