Binance Coin (BNB) is currently trading at $870.04-$876.39, with a market capitalization of $121.10 billion-$121.67 billion. The 24-hour trading volume is $2.90 billion-$2.66 billion.
*Recent Price Movements:*
- 24-hour price change: +1% to +1.4%
- 7-day price change: +2.97% to +4.13%
- 30-day price change: +8.21% to +10.82%
- 1-year price change: +62.36% to +67.4%
*Key Updates:*
- *New All-Time High*: BNB recently reached a new all-time high of $899.70-$899.77, driven by growing interest in altcoins and strong ecosystem fundamentals.
- *Institutional Investment*: Companies like BNC and CEA Industries are increasing their BNB holdings, with BNC purchasing 200,000 Binance Coins for $160 million and CEA Industries expanding its reserves to over 350,000 BNB tokens.
- *Regulatory Developments*: The US SEC has dropped its lawsuit against Binance, marking a significant shift in crypto regulation.
- *Partnerships and Adoption*: Bhutan has launched a national crypto tourism payment system using Binance Pay and DK Bank, allowing visitors to pay with digital currencies like Bitcoin and BNB ¹ ² ³.
*Market Analysis:*
- *Resistance Levels*: BNB faces resistance at $899.24, with potential targets of $1,028.84 and $1,842.02 if it breaks out.
- *Support Levels*: The current support level is around $768.10-$856.32, with potential drops if it fails to hold ² ³.