Bitcoin News Today: Binance Coin Surges 195% on $520M Investment and Breaks $850 Resistance

Binance Coin (BNB) reached a new high of $855 in late July, driven by a $520 million institutional investment from Windtree Therapeutics. This triggered a 195% increase in BNB’s trading volume within 24 hours, surpassing $2.9 billion and breaking key resistance levels [1]. Analysts suggest that strong on-chain activity and rising institutional interest could push the price further, with some forecasting a potential target range of $1,000–$2,000 [1].

Simultaneously, Avalanche (AVAX) displayed signs of a possible recovery after testing support levels around $25. The price pattern indicates a healthy consolidation phase, with AVAX rebounding off the 20-day EMA and maintaining a bullish crossover between its 20-day EMA and 50-day SMA. The token also broke free from a descending channel and formed a double bottom, suggesting upward potential. A breakout above $26 or $27 could pave the way for a move toward $31–$35, depending on volume and liquidity [2].

Meanwhile, BlockDAG (BDAG) is drawing attention for its strategic approach ahead of its scheduled GLOBAL LAUNCH on August 11. The project is running a 10 BTC Auction linked to every BDAG token purchase, with rewards based on the number of tokens bought, offering participants a chance to claim a share of a $1.1 million Bitcoin prize pool. This is part of a broader presale that has raised $360 million and sold over 24.6 billion BDAG tokens, with the current price at $0.0276—a 2,660% return since the first batch [3].

To further incentivize participation, BlockDAG is keeping its $0.0016 entry offer active, allowing new buyers a rare opportunity to access the auction and potential upside. The campaign is designed not just to sell tokens but to build a network of early supporters aligned with the project’s long-term vision. With time running out before the presale closes, the 10 BTC Auction is expected to drive a final wave of user engagement and strategic growth [3].

August has already become a pivotal month for the crypto market, with BNB showing institutional strength and AVAX hinting at a recovery. BlockDAG, however, is taking a more structured and participatory approach, positioning itself as a top contender for 2025 with a carefully designed rollout that combines timing, incentives, and community-building. As the August 11 launch nears, early involvement is being seen as a key advantage [3].

[1] Binance Coin (BNB) Hits $855 Amid $520M Investment

https://coinmarketcap.com/community/articles/688fdd01c2ab4f6a22e6a7c4/

[2] AVAX Price Pattern Suggests Recovery After Support Test

[3] BlockDAG Launches 10 BTC Auction Ahead of August 11 Release