BNB Surges 2.73% as Record Weekly Close, Investor Confidence, and Utility Drive $2B Trading Volume

BNBUSDT has experienced a 2.73% price increase over the last 24 hours, rising from 766.11 to 787.04. This upward movement is primarily attributed to sustained bullish momentum following BNB’s record weekly close on July 20, increased investor confidence as evidenced by a yearly high in derivatives open interest, and positive sentiment from analysts highlighting BNB as a top pick during the ongoing altcoin season. Additional support comes from corporate treasury growth, with Nano Labs increasing its BNB reserves, and continued utility-driven demand from Binance’s cashback campaign and staking features. Despite some volatility and minor discrepancies in reported prices across platforms, BNB remains actively traded with a 24-hour volume exceeding $2 billion and a market capitalization near $108 billion, consolidating its position among the top cryptocurrencies.