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BNB Inches Higher as Traders Test $930 Resistance, Exchange Tokens Stay Firm
Corporate treasuries now hold around 828,900 BNB, worth roughly $770 million, with several companies, including CEA Industries, pledging to accumulate the cryptocurrency.
Sep 16, 2025, 2:25 p.m.
What to know:
- BNB's price rose 1.4% in the last 24 hours, driven by growing interest from crypto investors amid a broader rise in the market.
- The crypto market rise reflects growing optimism about a potential shift in U.S. interest rates, with a 96% chance of a 25 bps rate cut and a 5% chance of a 50 bps cut, according to the CME FedWatch tool.
- Corporate treasuries now hold around 828,900 BNB, worth roughly $770 million, with several companies, including CEA Industries, pledging to accumulate the cryptocurrency.
BNB rose 1.4% in the past 24 hours as investors increased exposure to the cryptocurrency market. The BNB price climbed to $933.03 through a series of large-volume transactions that pierced technical resistance, according to CoinDesk Research's technical analysis model.
The increase, part of a broader move, reflects growing interest from market participants positioning themselves ahead of a potential shift in U.S. interest rates. The CME's FedWatch tool shows a 96% chance of a 25 bps reduction on Wednesday and a 5% chance of a 50 bps cut. On Polymarket, traders weigh a 92% chance of the smaller cut, and a 7% chance of the larger one.
STORY CONTINUES BELOW
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Data from BSTA.ai shows corporate treasuries now hold around 828,900 BNB, worth roughly $770 million at current prices, while several companies have pledged to keep accumulating the cryptocurrency. The largest corporate holder of BNB is CEA Industries, with 389,000 tokens in its treasury.
Traders observed signs of accumulation as prices held steady in the low $910s before briefly breaking above $930. BNB is currently testing that resistance level again.
The upward momentum has moved on steadily throughout the session, with coordinated volume spikes confirming that the interest wasn’t isolated.
The cryptocurrency, which can be used for transaction fee discounts on leading cryptocurrency exchange Binance or within the BNB Chain ecosystem, has remained a leader among exchange tokens.
It currently represents 81% of the sector’s total market capitalization, and along with KuCoin’s KCS is near an all-time high, CryptoQuant data shows.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
Wat u moet weten:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
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