BNB Surges 15% to Record $804.70, Market Cap Tops $110 Billion

BNB, the native token of Binance Smart Chain, reached an all-time high of $804.70 during Wednesday’s Asian trading session...

Written by: Arslan Butt • Wednesday, July 23, 2025 • 1 min read

• Last updated: Wednesday, July 23, 2025

Quick overview

BNB reached an all-time high of $804.70, marking a 15% increase for the week.
With a market cap exceeding $110 billion, BNB has surpassed Solana and is now ranked 5th in the crypto space.
Open interest in BNB futures has risen to $1.23 billion, indicating strong investor interest.
Technical indicators suggest continued upward momentum, with $900 as the next resistance level.

BNB, the native token of Binance Smart Chain, reached an all-time high of $804.70 during Wednesday’s Asian trading session, up 15% for the week. BNB’s highest weekly close was $756.82 last week, so the momentum is strong.

According to CoinGecko, BNB’s market cap is over $110 billion, surpassing Solana (SOL) and now 5th in the crypto rankings. This is a big deal for BNB in the altcoin space.

The new high beats the previous record of $793.86 in December 2023. Analysts are looking at the $900 level, but traders should also watch for signs of exhaustion.

Derivatives Data Supports Bullish View

The strength behind BNB’s price move is confirmed by a big jump in derivatives activity. According to CoinGlass, BNB’s futures open interest (OI) is $1.23 billion, up from $1.05 billion on Monday, the highest since December.

Open interest growth means new capital is entering the market, a bullish sign that more investors are buying.

In addition:

Funding rate is 0.023%, longs are paying shorts
Positive funding rates mean upward price action
Historical trends show BNB rallies after funding spikes

So more investors are betting on BNB.

Technicals Support Momentum

BNB’s price is also supported by strong technicals:

BNB Price Chart - Source: Tradingview — BNB Price Chart – Source: Tradingview

RSI is 87, overbought
MACD has a bullish crossover since early July, green bars above the zero line
Weekly support is $742, a level to watch on pullbacks

Despite RSI warning, the MACD momentum is strong. If BNB keeps going, $900 is the next resistance zone.

Summary:

BNB hits $804.70, up 15% for the week
Market cap over $110B, now 5th in crypto
OI $1.23B, funding rate 0.023%
Technicals support higher

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.