Binance Coin (BNB) Reaches New ATH of $1,370 as Bullish Momentum Returns

Binance Coin (BNB), a cryptocurrency associated with the Binance exchange, has surged to a new all-time high (ATH) of $1,370. This rebound follows a weekend price drop and reflects a shift in market sentiment marked by renewed bullish dominance. Traders are driving this rally, fueled by strong trading volumes exceeding $12 billion on Binance’s network. 8,249 open interest positions have shifted towards buying the asset, with an increased funding rate indicating that short sellers are now paying premiums to hold their positions.