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BNB Price Skyrockets To New All Time High, Rally To $1000 Near?
Binance Coin (BNB) has surged to a new all-time high, hitting $775, as it gains significant bullish momentum. The cryptocurrency’s rapid price increase follows the breakout of a key technical pattern and the formation of a golden cross, both of which suggest further upside potential.
With increasing investor optimism and a surge in trading activity, analysts are now eyeing a potential rally that could see BNB’s price climb towards $1,000 in the coming weeks.
BNB Price Skyrockets To New ATH
The recent rally in BNB price to an all time high is largely attributed to the breakout of an inverse head and shoulders pattern, a bullish reversal chart formation. This pattern, which typically marks the end of a downtrend, was confirmed when BNB broke above the $680-$700 resistance zone.
This breakout indicates that the bearish trend that had held BNB’s price down has now ended, and the market is shifting toward a bullish sentiment.
The breakout from the inverse head and shoulders pattern has led to a projected price target of $780, with the next key resistance level seen around $800. However, some analysts believe that BNB’s rally could go even further.
Ali from @ali_charts, a crypto analyst, has projected a potential move for BNB to $1,630, should the weekly close remain above $662. This projection has sparked interest among traders, who are closely monitoring BNB price performance to assess if it can maintain the current momentum and reach these higher targets.
Golden Cross Signals Strengthening Uptrend, Rally To $1000?
On the BNB/USD chart, the 50-day simple moving average (SMA) has crossed above the 200-day SMA indicating further positive price momentum and the formation of a golden cross on the chart.. This golden cross means that BNB is expected to keep on rising in the short term and in the long term.
The fact that 50-day SMA is currently trading above the 200-day SMA supports the view that BNB is still in the early stages of a long term bullish trend. Golden crosses have often preceded major price rises and are a way for many traders to take long positions. Consequently, the market has developed increased confidence that BNB will keep on ascending towards $1000 in the near future.
If bears take the control, the $680-$700 range which had provided resistance earlier can now be expected to provide support. This level coincides with the neckline of the inverse head and shoulders pattern and thus any pullback towards this zone will most probably be perceived as a buying opportunity.
The first level of resistance for BNB is at $780. If this level is broken the next major resistance is seen at around $800. Such a breakout above $800 can open the doors for more targets including the $1,630 as projected by Ali.
Increased Trading Activity Supports Bullish Momentum
BNB’s price surge is also backed by a sharp increase in derivative data trading volume and open interest. Volume has risen by 125.30%, reaching $4.42 billion, while open interest has increased by 33.78%, now totaling $1.46 billion.
This uptick in volume and open interest is a strong indication that more traders are entering the market, suggesting growing confidence in BNB’s future performance.
The rise in open interest signals that traders are taking long positions, expecting the price to continue rising. This growing market engagement further supports the view that BNB could experience further upward movement, potentially pushing the price toward Ali’s ambitious $1,630 target.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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President-elect Donald Trump is reportedly considering declaring a national economic emergency to implement a universal tariff program targeting allies and adversaries. These tariffs, potentially introduced under the International Economic Emergency Powers Act (IEEPA), will realign global trade balances.
Meanwhile, Federal Reserve Governor Christopher Waller addressed concerns about inflation and the potential economic ramifications of such tariffs. This development raises questions about how these policies may influence the cryptocurrency market.
Donald Trump’s Tariff Strategy
As reported by CNN, President-elect Donald Trump is considering the International Economic Emergency Powers Act (IEEPA) to implement tariffs. The intended tariffs are to rebalance global trade while focusing on the manufacturing sector in the United States. Trump’s preference for IEEPA lies in its flexibility, allowing swift implementation without needing extensive national security justification.
Supporters of the tariffs argue they could rebuild American industrial capacity and strengthen the economy. However, the uncertainty surrounding the scope and execution of these tariffs could ripple through global financial markets. This may influence investor behavior in emerging sectors like the crypto market.
Donald Trump’s deputy assistant for International Economic Affairs, Kelly Ann Shaw, commented,
“I think the president has broad authority to impose tariffs for a variety of reasons, and there are a number of statutory bases to do so.”
Federal Reserve’s Perspective on Tariffs and Inflation
Concurrently, Federal Reserve Governor Christopher Waller has addressed the possible inflationary risks associated with Trump’s tariff proposals. Waller noted that while inflation stalled above the Fed’s 2% target in late 2024, he remains optimistic about a gradual decline in 2025. He added that increased tariffs are unlikely to cause persistent inflation, decoupling their potential effects from broader economic trends.
Waller stated,
“I will support further cuts in 2025, but the pace will depend on further inflation progress. I don’t expect tariffs to have a significant impact on inflation.”
The Federal Reserve lowered interest rates by 25 basis points at the end of 2024, and more cuts will follow based on the inflation rate. The outlook indicates that monetary policy could continue with an accommodative stance in the year 2025. This will support financial markets, including cryptocurrencies, to improve liquidity and investment flow.
Implications of Tariffs on The Cryptocurrency Market
If the Fed cuts interest rates further, as expected by the market, then there is the possibility that more funds could flow into the crypto market for better returns. Usually, such rate cuts fuel risk-on sentiment, so assets such as crypto benefit from it.
However, Donald Trump’s tariff policies may create broader trade uncertainties. This may indirectly influence the crypto market through changes in global economic confidence.
Trade disruptions could lead to diminished faith in traditional financial systems, potentially encouraging a shift toward decentralized digital assets like Bitcoin and Ethereum. On the other hand, if tariffs introduce unforeseen inflationary pressures, the Federal Reserve might pause or reverse rate cuts, which could dampen optimism in the crypto market.
The Federal Reserve and broader economic concerns have been among the major reasons for the cryptocurrency market crash. Rising U.S. Treasury yields and a hawkish Fed stance have fueled risk-off sentiment, drawing capital away from cryptocurrencies.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Bitcoin is the most dominant cryptocurrency, and its performance alone is significant enough to signal the future of the entire market. Presently, BTC is under correction, but an accurate indicator confirms it is near the top. Let’s discuss the findings of the indicators and when the BTC price will hit the top.
Pi Cycle Indicators Predict the Bitcoin Price Top
The Pi Cycle indicator is an accurate indicator that successfully forecasts the Bitcoin price at the top. It has accurately predicted the top in 2013, 2017, and 2021; the next might be 2025. Pi cycle analysis depends on the 111-day moving average (111DMA) and 350-day moving average multiples by 2, where the intersection of these two moving averages predicts the cycle tops.
Now, after the ongoing BTC price struggle amid the crypto market crash, this tool hints at the top, keeping the investor’s confidence strong amid the crash. The crypto market signals that the BTC top will likely happen in the mid-to-end period of 2025. Although the timeline could vary, the historical result confirms the top formation within days of peak prediction.
Cryptocurrency Peak Prediction: BTC Top To Form on September 17, 2025
The latest Pi cycle top prediction reveals that the next crossover will occur on September 17, 2025, resulting in the BTC market peak. This BTC prediction for 2025 is based on its exponential growth ever since its formation, where the Pi chart indicator has forecasted the peak with 111 DMA and 350 DMAx2 coinciding on the charts on this date.
With high accuracy and historical proof, the next BTC top will form on September 17, but the exact value of the top is unclear for now. Some suggest it could cross six figures based on historical growth patterns, global adoption, and Donald Trump’s presidency.
What You Should Do?
The pi cycle indicator is a famous BTC top indicator that has accurately predicted the peak multiple times. Now, recent reports show that the BTC top will form on September 17, 2025, potentially pushing this digital asset’s price to six figures for the first time in history. Although the BTC price formed massive peaks with Donald Trump’s win, the consolidation frequency increased as Trump’s inauguration approaches.
The market crash has halted the Bitcoin price surge, currently trading at $95k. Arthur Hayes’s prediction hints at a market peak in March, but investors should stay cautious and conduct their own technical analysis before investing.
Pooja Khardia
With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.
As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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BlackRock’s iShares Bitcoin ETF (IBIT) recorded over $597 million in inflow on Tuesday. The BlackRock Bitcoin ETF saves the day for the bleeding crypto market after investors turned cautious with strong US JOLTS job openings and ISM Services PMI data.
The spot Bitcoin ETF in the United States saw a net inflow of $53.46. Bitcoin ETFs by Fidelity, Bitwise, Ark 21Shares, Franklin Templeton, and Grayscale recorded outflows.
BlackRock Bitcoin ETF Saw Inflow Despite Crypto Market Crash
BlackRock’s iShares Bitcoin ETF (IBIT) purchased 6,078 BTC worth $208.7 on January 7, while miners only mined 450 new BTCs. IBIT recorded an inflow of $597.18 million, as per Trader T data.
This makes the third consecutive inflow into IBIT despite a major selloff in the crypto market. Notably, US Bitcoin ETF saw an inflow of $978.6 million on Monday, sparking optimism as the flagship crypto soared past the $102K mark.
Meanwhile, Fidelity’s FBTC, Bitwise’s BITB, and Ark Invest’s ARKB saw outflow of $86.29 million, $113.85 million, and $212.55 million, respectively. Also, Franklin EZBC saw a $5.58 million in outflow.
Grayscale’s GBTC also witnessed an outflow of $125.45 million. Flows were zero for Invesco, Valkyrie, VanEck, and Grayscale Mini.
According to Farside Investors, the total net inflow for Bitcoin spot ETFs reached $52.4 million. The iShares Bitcoin Trust by BlackRock saw a net inflow of $596.1 million. Whereas, other ETFs experienced varying degrees of outflow.
Bitcoin and Crypto Market Crash On Macro Concerns
According to the U.S. Bureau of Labor Statistics, the JOLTS jobs openings increased by 259,000 to 8,098 million in November 2024, Also, ISM Services PMI came in higher than expected, which shows the resilience of the U.S. economy currently. This caused Bitcoin price to crash by more than 5%.
In fact, the US dollar index (DXY) holds its advance above 108.50 today, after a two-day low move that caused a recovery in Bitcoin price. Also, the 10-year US Treasury yield increased to a 35-week high of 4.68%. The strong US economic data reduced expectations for further rate cuts by the Federal Reserve.
Whereas, BTC price continues to fall despite better performance by BlackRock Bitcoin ETF. The price currently trades at $96,259. The 24-hour low and high are $96,132 and $102,022, respectively. Furthermore, the trading volume has decreased by 23% in the last 24 hours.
Varinder Singh
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space.
At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as “Best Crypto Media Company 2024” for high impact and quality reporting.
Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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