On Sept. 18, BNB—the native token of the BNB Chain—reached a fresh all-time high of $1,004 after a 4.5% intraday rally. The milestone represents a breakthrough above the $1,000 psychological barrier and pushes BNB’s total market capitalization to nearly $140 billion, solidifying its ranking as the fifth-largest cryptocurrency globally.
The rally coincides with media reports that Binance is engaging with the U.S. Department of Justice to finalize the company’s exit from a court-appointed monitor agreement, part of a $4.3 billion settlement over anti-money laundering violations. Negotiations aim to lift certain compliance requirements, potentially unlocking operational flexibility for the exchange and restoring investor confidence in its governance.
Social media sentiment also contributed to the price surge, with market participants speculating on the possible return of Binance co-founder and former CEO Changpeng Zhao. Zhao stepped down under the terms of the DOJ settlement, and his rumored comeback has been cited as a catalyst for renewed bullish interest. Although no formal announcement has been made, the narrative has gained traction among retail traders and institutional observers.
Technical analysis indicates that BNB found support in the $983–$988 range before accelerating past resistance at $995. A notable volume spike accompanied the six-minute window in which the token jumped from $998 to $1,004, signaling strong participation. On-chain data models show liquidity clusters forming around the $1,000 mark, suggesting that this level may transition from resistance to a new support base.
The broader crypto market has also benefited from the Federal Reserve’s recent 25 basis-point rate cut, which has reduced borrowing costs and lifted risk assets. The CoinDesk 20 Index, a proxy for the largest digital assets, climbed approximately 3% over the 24-hour window. Analysts view the Fed’s dovish stance as a key macro driver underpinning elevated trading volumes and asset price gains across multiple segments.
Looking ahead, traders will watch DEX order books and funding rates to gauge whether the record high leads to profit-taking or sustained upward momentum. Potential obstacles include renewed regulatory scrutiny and shifts in U.S. monetary policy guidance. However, the convergence of a high-profile compliance resolution, leadership speculation and favorable macro conditions has created a compelling environment for BNB to test further all-time highs.
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