Bitcoin News Today: BNB Surges to $858 All-Time High, Up 30% in July on Binance Expansion and SEC Ruling

BNB, the native token of Binance, reached an all-time high of $858 on July 28, 2025, marking its fifth-largest position in the cryptocurrency market with a valuation of $117 billion. The surge reflects sustained demand driven by Binance’s expanding blockchain ecosystem and regulatory developments, including the U.S. Securities and Exchange Commission’s dismissal of its civil case against Binance and founder Changpeng “CZ” Zhao in May 2025. CZ’s 64% stake in BNB’s circulating supply now exceeds $75 billion, a figure highlighted by crypto commentator CryptoCruize, though this valuation is derived from market estimates and not official statements [1]. The token’s rise has also coincided with a broader altcoin sector rally, with the total crypto market cap surpassing $4 trillion [2].

The price trajectory of BNB has been marked by rapid gains, surging over 30% in July 2025 and 29% over six months. Analysts attribute this momentum to institutional and retail interest, bolstered by Binance’s integration of BNB into its decentralized applications and smart chain infrastructure [2]. Technically, the token has traded within a long-term ascending wedge, with key resistance at $715 and support near $574. A breakout above $715 could signal further bullish potential, while a pullback toward $574 might attract buyers. Market observers note that BNB’s proximity to the $1,000 psychological threshold—hinted at by CZ—has intensified speculation about its next move, particularly if Bitcoin’s dominance drops below 60% and Ethereum exceeds $4,000, potentially sparking a broader altcoin rally [4].

Bitcoin’s performance, meanwhile, has shown signs of consolidation despite reaching a new all-time high of $123,000 in mid-July according to Messari. The lack of a clear directional trend contrasts with BNB’s aggressive ascent, highlighting divergent market dynamics. Analysts suggest Bitcoin’s resistance could stem from macroeconomic uncertainty and regulatory scrutiny, though renewed institutional interest—including activity from MicroStrategy—has provided some upward momentum [6]. The interplay between BNB’s dominance and the broader crypto landscape underscores the sector’s evolving priorities. Binance’s ecosystem expansion, including the BNB Smart Chain and DeFi projects, has reinforced the token’s utility, while Solana’s scalability and XRP’s institutional partnerships continue to draw investor attention [2].

BNB’s recent outperformance has shifted focus toward its role in the bull cycle, with market participants closely monitoring regulatory clarity and macroeconomic developments as critical factors for future outcomes. The token’s ability to maintain momentum amid Bitcoin’s consolidation phase will be a key barometer for broader market sentiment. For BNB, a sustained breakout above $715 could unlock new liquidity, while dips toward $574 may attract bargain hunters [4].

Sources:

[1] [99Bitcoins](https://99bitcoins.com/news/altcoins/bnb-crypto-hits-a-new-all-time-high-of-858-making-binance-co-founder-one-of-the-worlds-richest-men/)

[2] [U.Today](https://u.today/binance-coin-bnb-now-surpasses-strategy-by-crucial-metric)

[4] [99Bitcoins](https://99bitcoins.com/news/altcoins/bnb-crypto-hits-a-new-all-time-high-of-858-making-binance-co-founder-one-of-the-worlds-richest-men/)

[6] [Messari](https://messari.io/news?id=cc302d8a-b954-404c-8734-0762d90c5b3d)