Great news for the community! $BNB has just set a new All-Time High (ATH), soaring past $880 for the first time! [1] This historic moment occurred amid broader market sentiment influenced by major macroeconomic news.

One of the main drivers behind the recent market movement is the release of the minutes from the Federal Open Market Committee (FOMC) meeting of the US Fed.[2] This document provides important clues about the direction of US monetary policy, which has a significant impact on all risk assets, including crypto.[3]

So, what does the latest FOMC minutes contain?

The July meeting minutes indicate that the Fed kept interest rates unchanged in the range of 4.25% - 4.50%.[4] Officials remain divided between concerns about persistently high inflation (considered the main risk by the majority of members) and potential weakening in the labor market.[5, 6]

Despite the caution, the market picked up signals that interest rate cuts are likely to occur later this year. In fact, the market is pricing in a high probability of a rate cut at the upcoming September meeting.[7, 8]

Why Does This Drive Crypto Prices?

Historically, expectations of lower interest rates tend to be positive for assets like crypto.[3] When interest rates fall, safer assets like bonds become less attractive. This encourages investors to allocate capital to riskier assets with higher potential returns, such as stocks and cryptocurrencies.[3]

We see this dynamic at play: Bitcoin also reached a new ATH driven by this sentiment, and BNB strongly followed, showing healthy fund flows into high-quality altcoins.[8]

The surge of BNB to levels above $880 is not just a victory for the token itself, but also a reflection of how the crypto market is maturing and becoming interconnected with global economic events.

What do you think? Will this bullish momentum continue? Share your BNB price targets in the comments! 👇

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