BNB increased 1.4% in the last 24 hours, while investors increased exposure to the cryptocurrency market. The BNB price has climbed to $ 933.03 thanks to a series of large volume transactions that pierced technical resistance, according to the Technical Analysis model of Coindesk Research.
The increase, which is part of a broader decision, reflects a growing interest of market players positioning itself before a potential change in American interest rates. The Fedwatch tool of the CME shows a 96% chance of 25 BPS reduction on Wednesday and a 5% chance of a drop of 50 BPS. On the polymarket, merchants weigh 92% of the smaller cut and 7% of the greatest chance.
BSTA data.ai show that business treasury bills now have around 828,900 BNB, worth around $ 770 million at current prices, while several companies have committed to accumulating cryptocurrency. The largest holder of the BNB company is CEA Industries, with 389,000 tokens in its treasure.
The merchants observed signs of accumulation because the prices remained stable at the bottom of $ 910 before briefly exceeding $ 930. BNB is currently testing this level of resistance.
The upper momentum has evolved regularly throughout the session, with coordinated volume peaks confirming that the interest was not isolated.
The cryptocurrency, which can be used for reductions on transaction costs on the main cryptocurrency exchange binance or in the ecosystem of the BNB channel, has remained a leader among the exchange tokens.
It currently represents 81% of the total market capitalization in the sector, and with KCS KCOS is close to a large number of cryptocurrency data.
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