#bnb Institutional investors drive new ATH for BNB

While Bitcoin faces resistance, BNB experiences a rally of over 30% after the creation of a billion-dollar institutional fund focused on the token.

BNB, the native token of the Binance ecosystem, has just reached an impressive milestone: its highest value of all time (ATH).

On the morning of this Monday (28), the asset reached US$ 858. Thus, it reached a market value of US$ 117 billion and established itself as the fifth largest cryptocurrency in the world by market value.

The accumulated appreciation of over 30% just in July marks not only a good technical moment for the token but also a turning point in its acceptance in the institutional space.

At the same time that Bitcoin faces resistance trying to break through US$ 120 thousand, investors seem to be seeking more promising opportunities in altcoins. In this sense, BNB is, clearly, one of the protagonists of this new wave.

Read more at

https://www.coinspeaker.com/pt/investidores-institucionais-impulsionam-novo-ath-do-bnb/