July 07, 2025
11 11 11 AM
Latest Post
Real Estate Firm Murano to Build Bitcoin Treasury With $500M Equity Deal Solana Matches All Other Chains Combined in Monthly Active Users, Artemis Data Shows Nigerian Scammer Posing as Trump Ally Steve Witkoff Stole 250K in Crypto From One Political Donor CoreWeave’s All-Stock Bid for Core Scientific Likely to Draw Shareholder Scrutiny: KBW BitFuFu Hits 36.2 EH/s Hashrate, 728 MW Capacity in June Bitcoin Miner CleanSpark Produced 685 BTC in June, Hit 16.15 J/TH in Efficiency TORN Spikes 5% After U.S. Appeals Court Okays End of Another Tornado Cash Lawsuit Bitcoin Slips Below $108K, Erases Weekend Gains as Trump Ramps Up Tariffs Crypto VC Paradigm Leads $11.6M Round for Kuru Labs’ DeFi Liquidity Engine Without Operational Alpha, Bitcoin Treasury Company Premiums Will Collapse

BNB Holds Near $660 as Traders Weigh Breakout Potential

BNB Chain’s native token (BNB) held steady near $660, shifting in a narrow band of less than 1% over the past 24 hours. The lack of volatility underscores a pattern of consolidation.

BNB is trading at $659.61, down just 0.5% for the day, with buyers stepping in repeatedly around $659.45. Sellers, meanwhile, blocked advances beyond $664.38, a price ceiling that traders are eyeing as a potential launchpad for a breakout if macroeconomic pressures ease, according to according to CoinDesk Research’s technical analysis model.

On-chain data points to mixed sentiment among traders. Funding rates, the fees paid between traders in perpetual futures markets, have slipped lower, a signal that traders are hedging rather than chasing after bitcoin’s recent rally above $109,000.

Corporate adoption is nevertheless growing, with Nasdaq-listed chip market Nano Labs recently acquiring about $50 million worth of BNB as part of its plan to own as much as 10% of the cryptocurrency’s global supply.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

This post was originally published on this site

Please enter Coingecko Free Api Key to get this plugin works