BNB rose about 1.7% over the past 24 hours, breaking the $860 resistance as the broader crypto market remained under pressure. CoinDesk’s CD20 index climbed 2.2% in the same window, underscoring mixed sector momentum. The Financial Times reported that Binance failed to prevent millions of dollars of cryptocurrency from flowing through suspicious accounts, a finding that accompanies a $4.3 billion settlement with U.S. authorities over a 2023 criminal case.
The price briefly touched around $868 after breaking the key level before a modest pullback, and BNB’s 192% surge in daily volume accompanied the move. The day’s price action coincided with a broader rally in the CD20 index, which rose 2.2% in the same window, yet BNB’s gains lagged the wider market. The token sits roughly 32% below its all-time high of $1,360, while competitors like KCS and LEO held up much better.
An ascending triangle formed between $864 and $865.80, a pattern often interpreted as signaling continued upside. BNB surged 1.7% past $860 on strong volume, signaling institutional demand amid market volatility.
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