BNB Price today

BNB has shown significant improvement as a leading layer 1 blockchain despite 6.4 billion USD in crypto outflows over the last five weeks. Its trading volume has surpassed that of Solana, showcasing its dominance in the market.

Bitcoin’s price is currently displaying a narrow trading channel, which could indicate a potential for a significant movement in either direction. The Bitcoin ‘super trend’ indicates bullish sentiment as it remains positive above 74,500 USD.

Large investors are exhibiting caution, with 400 million USD in profits from a whale short. Reports suggest North Korea holds 1.4 billion USD in Bitcoin, and additional developments include the suspension of OKX’s decentralized exchange services following a hack.

BNB’s expected rise to 730 USD is dependent on several market factors, including liquidity inflows and investor confidence, as indicated by the increase in Total Value Locked (TVL) on the BNB Chain.

Recent bullish gains suggest BNB could experience an upward trend if key resistance levels are breached, with positive indicators such as a strong Relative Strength Index (RSI) and a MACD golden cross suggesting potential gains.

Despite bullish market sentiment, the derivatives market shows mixed indicators, with declines in Open Interest potentially signaling price resistance. Continued buying by traders on major exchanges could help maintain upward momentum.

CZ Zhao, CEO of Binance, rejected the Wall Street Journal’s report suggesting discussions of a potential deal between his company and President Trump. He stated that no such conversations took place and described the claims as misleading and part of a crypto attack.

In his statements, CZ highlighted that more than 20 individuals corroborated that they were approached for comments on the alleged deal. He believes the report reflects persistent negative attitudes toward crypto from past administrations.

The Trump family is in discussions to acquire a stake in Binance.US through World Liberty Financial as part of a strategy to track the cryptocurrency market.

Changpeng Zhao, the founder of Binance, is seeking a presidential pardon to help resolve regulatory issues and enable the company’s return to the U.S.

Binance.US has seen its market share plummet from 27% to just above 1%, following scrutiny from regulators after previously paying $4.3 billion in fines.