Binance’s BNB token is trading in the green zone across the board today. The fifth-largest crypto project by market cap continues its upward momentum despite the market rally slowing down. BNB’s price is up 0.3% in the daily charts, 3.2% in the weekly charts, 3% in the 14-day charts, 12.5% in the monthly charts, and 14% since late May 2024.
Binance Coin Surges Amid Bitcoin’s New Peak
BNB’s latest rally came on the heels of Bitcoin’s (BTC) recent rise to a new all-time high. BTC hit a peak of $111,814 on May 22. The original crypto’s price has since fallen to the $108,000 levels.
The recent market rally was likely due to a spike in institutional investments around spot BTC ETFs. BTC’s surge may have triggered a rally for the general crypto market. BTC is the market leader. A price spike for the original crypto often leads to a market upswing. BNB’s rally was likely due to BTC’s surge.
How High Will The Coin Go In June 2025?
BNB has been among the best-performing cryptocurrencies over the last year. The asset hit an all-time $788.84 in December 2024. BNB’s price has fallen by 13.6% from its December peak.
We may see BNB’s rally continue over the next few weeks. There is a chance that the Federal Reserve will cut interest rates after its next meeting. A rate cut could lead to a market-wide rally as borrowing becomes easier. Lower interest rates often lead to investors taking on more risks.
Also Read: Standard Chartered Predicts BNB Will Hit $2,775 by 2028
According to CoinCodex, Binance’s BNB token is set for an explosive rally over the next few weeks. The platform anticipates the asset to get very close to its peak. According to CoinCodex’s estimates, BNB will trade at $787.49 on June 16, before facing a correction. BNB’s price will face a 15.45% rally if it hits the $787.49 target.
