BNB Surges 3.56% to $743 as $60M Treasury Strategy and Bullish Patterns Drive Momentum

BNBUSDT has experienced a 3.56% price increase over the past 24 hours, with the current price at 743.20 USDT according to Binance. The recent upward movement is attributed to several factors, including Windtree Therapeutics' announcement of a $60 million BNB-focused crypto treasury strategy, which may expand to $200 million pending regulatory approval, and positive sentiment following the family office of Binance founder Changpeng Zhao backing a treasury firm planning to acquire BNB and pursue an IPO. Technical analysis highlights a bullish outlook supported by a favorable harmonic pattern, a recent quarterly token burn of $1 billion, and a double bottom pattern, all contributing to BNB's resilience above the $670 level. Over the last 24 hours, BNB's trading volume reached approximately $2.87 billion, with a market capitalization of about $104.16 billion, maintaining its position as the 5th largest cryptocurrency by market cap.