BNB Surges Past $660, Reaching Highest Point Since November 2021
CryptoNewsTerminal Staff04 Jun, 2024
BNB Surges Past $660, Reaching Highest Point Since November 2021
BNB, the native token of the Binance ecosystem, has broken past the $660 mark for the first time since November 2021. According to CryptoNewsTerminal's market monitoring, BNB continued its short-term uptrend and regained the $660 mark, reaching its highest point of the year. At the time of writing, BNB is trading at $662.3, representing a 5.75% increase on the Binance USDT market. This positive momentum has pushed BNB's market capitalization to over $110 billion, making it the third-largest cryptocurrency by market cap after Bitcoin and Ethereum. The recent surge in BNB's price can be attributed to several factors, including the ongoing growth of the Binance ecosystem, increased adoption of BNB for payments and transactions, and the positive sentiment surrounding the cryptocurrency market as a whole.
