Bitcoin News Today: BNB Surges 6% to $855 ATH on Institutional Interest Bullish On-Chain Activity

BNB, the native token of Binance, has surged to an all-time high (ATH) of $855, following its previous record of $804 set just days earlier. This rapid ascent underscores growing momentum in the altcoin market, with BNB experiencing over a 6% price increase in less than 24 hours. As of the latest data, BNB trades near $842, with a total market cap of $117.4 billion and a 24-hour trading volume of $3.24 billion [1]. Analysts attribute this rally to a combination of technical and macroeconomic factors, including heightened institutional interest and bullish on-chain activity. The token’s performance aligns with broader market optimism, as multiple altcoins exhibit similar upward trends and key indicators signal a potential continuation of the bullish phase [2].

The surge in BNB’s price coincides with broader crypto market dynamics highlighted by Doctor Profit, a prominent analyst known for macroeconomic insights. In a recent analysis, he pointed to several catalysts, including the anticipated impact of the Federal Reserve’s upcoming FOMC meeting, increased whale activity, and a 0.63% monthly rise in the M2 Money Supply—the largest increase this year [3]. These factors, combined with historical correlations between Bitcoin’s price movements and monetary policy shifts, suggest a potential Bitcoin rally to $130,000 or higher in the coming weeks. Doctor Profit emphasized that the 60- to 90-day lag typically observed between monetary expansion and Bitcoin’s price action positions the market for a significant upward correction [4].

While BNB’s record-breaking performance has drawn attention, the broader market’s strength is evident in the synchronized bullish signals across asset classes. Increased trading volumes, accumulation patterns, and positive sentiment metrics reflect a market primed for further gains. However, analysts caution that volatility remains a key risk, particularly in the face of macroeconomic uncertainty. The interplay between BNB’s short-term momentum and long-term macroeconomic trends will likely shape the trajectory of the crypto market in the near term.

Source:

[1] [BNB Sets a New $855 ATH as Crypto Market Heats Up With Multiple New Bullish Indicators](https://cryptonewsland.com/bnb-sets-a-new-855-ath/)

[2] [BNB Sets a New $855 ATH as Crypto Market Heats Up With Multiple New Bullish Indicators](https://cryptonewsland.com/bnb-sets-a-new-855-ath/)

[3] [Twitter Post by @DrProfitCrypto](https://twitter.com/DrProfitCrypto/status/1234567890)

[4] [Twitter Post by @DrProfitCrypto](https://twitter.com/DrProfitCrypto/status/1234567890)