Binance Coin Reaches New All-Time High at $865, Reaching for $1,000

Binance Coin (BNB) experienced a significant milestone today, surpassing its previous all-time high of $865. This surge comes after a steady recovery from the $550-$600 support range earlier this year, with the asset experiencing a 13% increase in just one week. Market analysts predict further gains, attributing the rise to expanding DeFi applications and increasing institutional investments. 15% away from hitting $1,000, analysts believe a sustained rally could propel BNB prices even higher.