Binance Coin (BNB) Price: Crosses $700 Following Institutional Adoption and Token Burn

$BNB #bnb Binance Coin (BNB) has crossed $700 for the first time in months, trading around $690-$697 as of July 14, 2025

The price surge is driven by institutional adoption through the BNB Treasury Company backed by YZi Labs and 10X Capital

Binance completed its 32nd quarterly token burn on July 11, removing $1 billion worth of BNB from circulation

Technical analysts are watching for a breakout above $699 resistance level, with targets at $733 and potentially $1,000

US House declared July 14 week as “Crypto Week” and Binance received licensing approval in India on July 8