Binance Coin Nears All-Time High: Just 2% Away From $900 Breakthrough This Week?

BNB teeters on the edge of crypto history—again.

The Numbers Don't Lie

Binance's native token claws within striking distance of its previous peak. A mere 2% push separates it from uncharted territory. Market watchers buzz with speculation: could this week deliver the elusive $900 milestone?

Exchange Tokens Flex Muscle

While decentralized purists scoff, BNB's performance demands attention. It bypasses broader market lethargy, cutting through volatility with exchange-backed momentum. The token defies typical crypto cycles, fueled by ecosystem utility and relentless platform growth.

Traditional finance veterans probably clutch their pearls—another 'unregulated' asset class threatening to outperform their precious blue-chips. Maybe they'll finally notice when their own clients start asking about crypto exposure.

Will it break or buckle? The market decides—but momentum suggests traders aren't waiting around to find out.

Can Binance Coin (BNB) Hit a New All-Time High of $900 This Week?

Binance’s BNB coin is trading in the green zone across all time frames. According to CoinGecko data, the asset has rallied 0.8% in the last 24 hours, 3.4% in the last week, 4.7% in the 14-day charts, and 9.9% over the previous month. The asset could be entering another bullish phase, following Bitcoin (BTC) reclaiming the $113,000 price point today.

The latest market rally could be a reaction to the high probability of an interest rate cut after the Federal Reserve’s next meeting. We may be heading for a 25 basis point interest rate reduction very soon. Investors are likely pricing in the anticipated rate cut. A rate cut may lead to another bull run for Binance Coin and the larger crypto market.

According to CoinCodex analysts, Binance Coin will face a dip to around $825 before rallying to a new all-time high. The platform anticipates BNB to trade at $967.21 on Oct. 4. Hitting $967. 21 from current price levels will translate to a rally of about 9.59%. CoinCodex further anticipates the asset to breach the $1000 mark by Nov. 20.

There is also always the possibility that the market will not turn out the way we expect. Unforeseen challenges could appear. Geopolitical tensions or trade war-related issues could shake up the market. Fresh volatility could suddenly seep in. Such scenarios could hamper Binance Coin’s pursuit of a new all-time high.