BNB Coin Soars Towards Record High, Fueling Gains Amidst Market Activity

Binance Coin (BNB) continues to climb towards new all-time highs, surging over 20% in the past week and adding a further 5% today. The coin is trading near its record high of $1,150 as bullish sentiment fuels the surge. Although the market experienced a brief sideways trend, trading volume shot up by 40%, reaching a remarkable $5.85 billion. Data from Coinglass reveals a significant increase in open derivative positions, with a value exceeding $2.5 billion – reflecting heightened leverage-driven price expectations.