Bitcoin News Today: Institutional Bet Drives BNB to Record Heights, Challenging Solana's Throne

BNB surged to an all-time high of $899.70 on August 22, driven by a mix of strong institutional buying and favorable macroeconomic signals from U.S. Federal Reserve Chair Jerome Powell. This development positions BNB as a key player in the ongoing cryptocurrency rally, with its market capitalization surpassing that of Solana by approximately $19 billion [1]. Over the past 60 days, BNB has gained 35%, reflecting a growing appetite for the token among institutional investors [1].

The price rally of BNB has coincided with a broader market uplift in the wake of Powell’s speech at the Jackson Hole Economic Symposium. Powell indicated potential interest rate cuts by the end of the year, though he provided no definitive timeline [3]. The market responded swiftly to the remarks, with Bitcoin rebounding to nearly $116,000 and Ethereum surging past $4,500 [4]. The positive sentiment extended across major altcoins, including BNB, which continued to climb amid a bullish trading environment [6].

Institutional interest in BNB has intensified, with several companies allocating substantial capital to its treasury. In July, Windree Therapeutics and Nano Labs combined to invest approximately $610 million in BNB [1]. More recently, a Hong Kong-based firm, China Renaissance, announced a $100 million investment in BNB [7]. These moves align with the broader trend of corporate treasuries diversifying into cryptocurrencies, a strategy first pioneered by MicroStrategy in 2020 [1]. The influx of institutional capital has provided a structural underpinning for BNB’s price, with corporate holdings now accounting for 0.14% of the token’s circulating supply [6].

On-chain activity on the BNB Chain also reflects growing demand, with the network processing 115 million transactions in the week leading up to the price surge. The blockchain ranks first in weekly active addresses, with 16.6 million users, and daily active wallet counts remain robust at 2.3 million [6]. Additionally, Binance’s airdrop initiatives, such as the recent distribution of 150 million PLUME tokens to BNB stakers, have further reinforced staking demand and liquidity retention [6]. These ecosystem-driven tailwinds provide a strong technical and fundamental foundation for BNB’s upward trajectory.

Technical indicators also support the bullish outlook for BNB. The token has surpassed key moving averages, with the 30-day, 50-day, and 200-day lines all below its current price. The MACD crossover and RSI readings signal a continuation of the uptrend, though analysts caution that a break above $880 could open the door to a potential $923 target and eventually the $1,000 level [6]. Conversely, a failure to sustain gains above this threshold could result in a pullback toward $848–$862 [6]. Investors are closely monitoring the $900 psychological barrier, as sustained momentum beyond this level could signal broader institutional adoption and renewed market confidence in altcoins.

The convergence of macroeconomic tailwinds, corporate treasury allocations, and robust on-chain metrics has created a compelling environment for BNB’s continued ascent. While volatility remains inherent in the crypto market, the token’s performance thus far reflects a strategic alignment with broader financial market trends. As investors gauge Powell’s impact on interest rate expectations, the BNB price remains a focal point for those betting on the next phase of the bull run.

Source: [1] BNB token strikes record high as treasury companies pour into ... (https://finance.yahoo.com/news/bnb-token-strikes-record-high-113904145.html) [2] BNB just hit $900 - Binance (https://www.facebook.com/binance/posts/bnb-just-hit-900/1185****76983020/) [3] Bitcoin Price Explodes as Fed Chair Powell Opens ... (https://cryptopotato.com/bitcoin-price-explodes-as-fed-chair-powell-opens-the-door-for-rate-cuts-in-september/) [4] Ethereum, Bitcoin Spike After Powell Signals Interest Rate ... (https://decrypt.co/336440/ethereum-bitcoin-jump-powell-hints-interest-rate-cut) [5] Powell's Jackson Hole Speech Today: Why It's Triggering ... (https://coingape.com/trending/powells-jackson-hole-speech-today-why-its-triggering-crypto-market-crash/) [6] BNB Price Smashes ATH: Is $1000 Next for Binance Coin? (https://www.banklesstimes.com/articles/2025/08/22/bnb-price-smashes-ath-is-1000-next-for-binance-coin/) [7] BNB hits new ATH as cryptocurrencies rally post-Powell ... (https://crypto.news/bnb-hits-new-ath-as-cryptocurrencies-rally-post-powell-speech/)