BNB, the native cryptocurrency of the Binance ecosystem, has broken through the $1,000 mark for the first time ever, setting a new all-time high on September 18.
The coin gained 4.68% in the past 24 hours, easily outpacing the broader crypto market’s 1.39% increase. Over the last week, BNB is up 11.45%.
BNB 1-day price chart. Source: Finbold
The surge was driven by a mix of technical, ecosystem, and institutional forces. From a technical perspective, BNB cleared the key Fibonacci resistance at $952.11, backed by a bullish MACD divergence. Notably, the breakout ignited algorithmic buying and short-covering, with the move amplified by BNB’s low turnover ratio of just 2.96%, which means even moderate volumes can move the price sharply.
On the fundamentals side, momentum is building across the BNB Chain. The recently deployed Maxwell upgrade, which cut block times to 0.75 seconds, has accelerated throughput, while the auto-burn mechanism continues to tighten supp
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