{"id":31920,"date":"2024-06-05T11:58:53","date_gmt":"2024-06-05T11:58:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bnb-price-soars-to-new-all-time-high-market-cap-exceeds-100-billion\/"},"modified":"2024-06-05T11:58:53","modified_gmt":"2024-06-05T11:58:53","slug":"bnb-price-soars-to-new-all-time-high-market-cap-exceeds-100-billion","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bnb-price-soars-to-new-all-time-high-market-cap-exceeds-100-billion\/","title":{"rendered":"BNB price soars to new all-time high; market cap exceeds $100 billion"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07-BNB-5-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07-BNB-5-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07-BNB-5-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07-BNB-5-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">BNB price hit a new all-time high of $716 on Wednesday.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The Binance Coin\u2019s market cap surpassed $100 billion, with trading volume reaching $3.5 billion.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">BNB, the native token of the Binance ecosystem, has skyrocketed to a new all-time high, with its marlet cap rising to over $100 billion.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">BNB surges 17% to new all-time high as Bitcoin hits $71,000<\/span><\/h2>\n<p><span style=\"font-weight: 400\">On June 5, <a href=\"https:\/\/coinjournal.net\/binance-coin\/\">BNB price<\/a> increased by more than 17% to hit its highest ever level.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The gains came amid an overall upside flip for Bitcoin, which rose past the $71,000 mark for the first time since May 21.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As BTC extended recent recovery to above the psychological level, BNB bulls tore past the previous ATH to hit $716 on crypto exchanges.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Having traded at lows of $592 on June 1, 2024, the Binance coin has outshone other top 10 coins by market cap. BNB\u2019s market cap hit $110 billion as the price soared, pushing the cryptocurrency into 4th spot overall behind USDT, Ethereum and Bitcoin. The 24-hour trading volume reached $3.5 billion.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">BNB price outlook<\/span><\/h2>\n<p><span style=\"font-weight: 400\">BNB\u2019s upward momentum comes as the Binance exchange sees continued resurgence in community sentiment. The platform\u2019s Launchpool is a top offering that has helped BNB holders grab new gems such as the hot Notcoin (NOT) token.<\/span><\/p>\n<p><span style=\"font-weight: 400\">While BNB is trading around $706 at the time of writing, there\u2019s likelihood bulls may target further gains above the $700 level. This outlook will strengthen if buyers push above the initial rejection area around $716. <\/span><\/p>\n<p><span style=\"font-weight: 400\">A break to $750 could encourage bulls, a scenario that has crypto analysts <a href=\"https:\/\/x.com\/CryptoKaleo\/status\/1797994129785598415\" target=\"_blank\" rel=\"noopener\">bullish on BNB price<\/a>.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The weekly chart on TradingView shows BNB price has jumped 17% in the past three days.<\/span><\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/x\/K0i20snb\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-206536\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/06\/BNBUSD_2024-06-05_11-17-30.png\" alt=\"\" width=\"1074\" height=\"545\"\/><\/a><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, BNB\u2019s daily chart shows the breakout from the ascending triangle has the RSI in the overbought zone. However, it\u2019s not overextended and the MACD indicator has a bullish bias to suggest buy side pressure remains.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to <a href=\"https:\/\/www.coinglass.com\/currencies\/BNB\" target=\"_blank\" rel=\"noopener\">Coinglass data<\/a>, the BNB open interest currently stands at $1.1 billion, with a 24-hour change of +39%.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bnb-price-soars-to-new-all-time-high-market-cap-exceeds-100-billion\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) BNB price hit a new all-time high of $716 on Wednesday. The Binance Coin\u2019s market cap surpassed $100 billion, with trading volume reaching $3.5 billion. BNB, the native token of the Binance ecosystem, has skyrocketed to a new all-time high, with [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":31921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31920"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=31920"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31920\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/31921"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=31920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=31920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=31920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}