{"id":8602,"date":"2025-08-22T19:18:05","date_gmt":"2025-08-22T19:18:05","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bnb-hits-new-ath-as-cryptocurrencies-rally-post-powell-speech\/"},"modified":"2025-08-22T19:18:20","modified_gmt":"2025-08-22T19:18:20","slug":"bnb-hits-new-ath-as-cryptocurrencies-rally-post-powell-speech","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bnb-hits-new-ath-as-cryptocurrencies-rally-post-powell-speech\/","title":{"rendered":"BNB hits new ATH as cryptocurrencies rally post-Powell speech"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">BNB price jumped to a fresh record high on Friday, gaining more than 6% to hit a new all-time high near $900, as prices rose across major crypto exchanges in reaction to cryptocurrencies\u2019 rally on Jerome Powell\u2019s dovish remarks.<\/p>\n<div id=\"cn-block-summary-block_538a2e44956e71c5231b122162e9668f\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>BNB price spiked to a new all-time high near $900 on Friday, Aug. 22.<\/li>\n<li>The Binance token\u2019s gains came amid broader crypto rally after Federal Reserve chair Jerome Powell\u2019s speech.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The crypto market\u2019s bullish flip following comments by U.S. Federal Reserve chair Jerome Powell saw Binance Coin (BNB) jump to a new peak of $897, cementing the Binance coin\u2019s status as one of the best performing top altcoins of this cycle.<\/p>\n<p>With price staying above a robust demand reload zone despite crypto\u2019s recent downswing, BNB took advantage of the broader market\u2019s reaction to Powell\u2019s remarks to pop to a new all-time high. <\/p>\n<h2 class=\"wp-block-heading\">BNB price extends gains\u00a0<\/h2>\n<p>The surge to above $890 sees BNB extend its gains to over 16% in the past month. Even with the altcoin market\u2019s dip this week, BNB price remains nearly 10% up over the period.\u00a0<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">BNB price chart. Source: crypto.news<\/figcaption><\/figure>\n<p>Boosting BNB in recent weeks has been a wave of corporate treasury moves, and the latest is by the Hong Kong public company China Renaissance. The company announced a $100 million BNB buy, joining the likes of Windtree, BNC, and CEA Industries in unveiling BNB treasury strategies.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Daily volume is down \u2013 what does it mean?<\/h2>\n<p>A bullish structure thus has bulls eyeing a new leg up, which analysts say is the psychological $1,000 mark and higher. Notably, BNB is up, but daily volume is down by about 19% to $1.9 billion.<\/p>\n<p>In the market, a spike in an asset\u2019s price amid a decrease in trading volume can signal a dip in interest from market participants. Mainly, it suggests there is a potential weakening of resolve and that the uptrend could be at risk of exhaustion.<\/p>\n<p>With BNB price hovering at elevated levels for most of the month, the price spike and dip in volume could signal this outlook. Profit-taking may ensue with price approaching or extending past the $1,000 mark.<\/p>\n<p>According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/BNB\" target=\"_blank\">data from Coinglass<\/a>, derivatives volume has dipped by 22% to about $2.3 billion. However, BNB\u2019s spike saw most of the 24-hour liquidations hit shorts, and open interest remained up 8% at over $1.65 billion.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BNB price jumped to a fresh record high on Friday, gaining more than 6% to hit a new all-time high near $900, as prices rose across major crypto exchanges in&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8602"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8602\/revisions"}],"predecessor-version":[{"id":8603,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8602\/revisions\/8603"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/6056"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}