Bitcoin News Today: Institutional Treasuries Drive BNB to All-Time High of $880

Binance Coin (BNB) has surged to an all-time high of approximately $880, driven by a confluence of factors including institutional demand, supply tightening, and ecosystem expansion. This price level represents one of the strongest performances in BNB’s history, breaking through long-standing resistance levels and signaling heightened investor confidence in the token. Large-scale corporate entities have been accumulating BNB, further reinforcing its position in institutional portfolios. BNB Network Company (BNC), listed on Nasdaq, recently acquired 325,000 tokens worth $283 million, solidifying its status as the largest corporate treasury holder of the cryptocurrency. This follows similar moves by firms such as Windtree Therapeutics and Nano Labs, which have increased their holdings through over-the-counter (OTC) transactions.

The reduction in the supply of BNB available on exchanges has also contributed to upward price pressure. As of August 19, the exchange-held supply had dropped to 22.6%, down from 28.5% in July. This contraction in liquidity, combined with strong institutional buying, has created a favorable environment for further price appreciation. Analysts have noted that the tightening supply and increased demand are reshaping the token’s market dynamics, with corporate treasuries increasingly allocating capital to altcoins such as BNB in addition to Bitcoin and Ethereum.

Technically, BNB has demonstrated a robust trend, breaking above key resistance levels and outperforming its seven-day moving average. The token’s price movement has followed a “cup and handle” pattern, a bullish formation typically associated with continued gains. As of the latest data, the Moving Average Convergence Divergence (MACD) indicator shows a widening positive divergence, indicating sustained upward momentum. However, the Relative Strength Index (RSI) of 57 suggests that the token is approaching overbought territory, raising the possibility of short-term corrections. Analysts have highlighted $807 and $769 as critical support levels, with a break below these thresholds potentially indicating a deeper pullback before further gains.

The BNB Chain ecosystem continues to expand, playing a pivotal role in the token’s growing utility. The network, which includes Binance Smart Chain, opBNB L2S, and BNB Greenfield, has seen a 20% increase in Total Value Locked (TVL) since July, reaching $12.1 billion. Daily transaction volume has also surged, hitting 13.95 million on August 19, a 14% increase on a weekly basis. Network efficiency has been further enhanced by the Maxwell upgrade, which reduced block times to 0.75 seconds, strengthening its appeal for decentralized finance (DeFi), tokenized assets, and cross-border payments.

Looking ahead, the token faces key resistance levels at $905.75, the 127.2% Fibonacci extension. A sustained break above this level could propel BNB toward the psychological $900 mark and beyond. Analysts, including those at CoinCodex and Standard Chartered, have made bullish forecasts based on current trends, projecting potential price targets of $1,100 by November 2025 and $2,775 by 2028. However, these predictions remain speculative and subject to market conditions. The token’s fundamentals, including ongoing ecosystem development, institutional adoption, and token burns, continue to support its long-term potential.

Source:

[1] Binance's BNB records $880 all-time price, driven by ... (https://technext24.com/2025/08/21/binances-bnb-records-880-all-time-high/)

[2] BNB Rockets to New Heights at ~$880 Mark, Fueled by ... (https://coinstelegram.com/news/bnb-rockets-to-new-heights-at-880-mark-fueled-by-institutional-demand-and-ecosystem-growth/)

[3] New All-Time Highs for BNB and ETH as BTC Jumps After ... (https://cryptopotato.com/new-all-time-highs-for-bnb-and-eth-as-btc-jumps-after-powell-speech-weekend-watch/)

[4] Ether, Solana, BNB Outshine Bitcoin as Cryptos Rebound (https://www.coindesk.com/markets/2025/08/20/ether-solana-bnb-outshine-bitcoin-as-cryptos-rebound)