Binance Coin Hits New ATH as Crypto Market Rallies Post-Powell Speech

Binance Coin (BNB) surged past its previous all-time high of $897 on Friday, August 22nd, reaching a new peak near $900. This surge followed a broader rally in the cryptocurrency market following Federal Reserve Chair Jerome Powell’s dovish remarks. The rise in BNB reflects wider bullish sentiment within the crypto market. Experts attribute this jump to both expanding DeFi applications and increasing institutional investments.