💥 Bitcoin Hits ATH — Is Ethereum or BNB Next?
BNB and Ethereum are closing in on their all-time highs as Bitcoin sets a new record.
Rising corporate interest in ETH and BNB is fueling the rally, with price targets hinting at $BTC 5,000 for ETH and $BTC 900 for BNB.
ETH-focused firms BitMine Immersion (BMNR) and SharpLink Gaming (SBET) have added 2.3 million ETH to their holdings in just 10 weeks. Data from SoSoValue shows spot ETH ETFs recorded a $729.14M daily inflow on Wednesday and $2.27B for the week — their largest since launch.
Standard Chartered’s Head of Digital Assets Research, Geoffrey Kendrick, has outlined bullish ETH targets ranging from $5,000 to $12,000, $6,000 to $18,000, and even $7,500 to $25,000.
BNB demand is also soaring, nearing its July 28 ATH of $861.10. CEA Industries (Nasdaq-listed) recently purchased 200,000 BNB worth $160M, becoming the largest corporate BNB holder globally after securing a $500M private placement backed by 10X Capital and YZi Labs to create the first US BNB Treasury Company.
Ethereum Outlook:
ETH broke past $4,000 on Saturday, closing at $4,488 by Tuesday, and jumped to $4,749 on Wednesday. On Thursday, it hovered near $4,745, approaching its record high of $4,868 from November 10, 2021. A close above this could push ETH beyond $5,000.
BNB Outlook:
BNB bounced from $742 support on August 5, gaining 12.5% in eight days to reach $852 by Thursday. A close above $861.10 would trigger a price discovery phase toward $900.
However, if momentum fades, BNB could drop toward $BTC 793.86 support.
