BNB, the native token of the Binance ecosystem, posted a strong rebound over the past 24 hours, rising more than 10% to $1,270, according to data from CoinMarketCap. The rally follows a broader recovery in the crypto market, fueled by easing trade tensions between the United States and China and renewed investor confidence after last week’s sharp selloff.
BNB’s market capitalization now stands at $176.7 billion, while daily trading volume reached nearly $8.8 billion. The token’s performance outpaced most major cryptocurrencies, positioning it among the day’s top large-cap gainers.
Analysts attribute the move to both macroeconomic relief and renewed activity within Binance’s ecosystem, including stronger trading volumes on its decentralized exchange and continued token burn expectations.
Technically, BNB has broken above its short-term resistance near $1,200, with chart momentum suggesting potential continuation if broader sentiment remains positive. After holding firm during the recent market turmoil, BNB’s 10% daily surge underscores its resilience as one of the strongest assets among top-tier cryptocurrencies heading into the week.