Key Takeaways
BNB printed a new ATH as bulls re-group for a potential move above $900. With a whopping $2 billion inflows in August, is $1K next on the line?
Binance coin [BNB] has printed a new all-time high (ATH) of $883 after a relief rally on the 20th of August.
The altcoin jumped 5.45% to $881 on the day, briefly extending gains to $883 before showing signs of a slight pullback. At press time, the coin was trading at $850.
With this momentum, the key question now is whether BNB can break through the $900 barrier and reach the psychologically significant $1000 mark.
Source: BNB/USDT, TradingView
Crypto treasury demand woes, but skew remains bullish
Both Bitcoin [BTC] and Ethereum [ETH] have enjoyed multiple demand from crypto treasuries and ETFs.
The same trend has been observed in Solana [SOL]. However, BNB’s momentum may face a temporary setback.
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