Not Even a Week, BNB Continues to Set New Records up to US$1.027
The Binance Coin (BNB) has once again set a new all-time high, reaching US1.027 on Saturday (20/09) night, according to CoinMarketCap data. This increase is the latest in a series over the past week, even just two days prior, BNB had just broken the *all-time high* (ATH) level of US1.000.
The positive sentiment driving this increase in BNB comes from several factors. First, there is a deal between Binance and the U.S. Department of Justice (DOJ) worth US$4.3 billion. This agreement aims to reduce compliance oversight on Binance, which in turn provides regulatory clarity and removes uncertainty for the platform.
Additionally, Binance's strategic partnership with Franklin Templeton has also contributed to bullish sentiment in the crypto market. This partnership significantly enhances BNB's credibility in the regulated market, attracting institutional investor attention.
Another supporting factor is the presence of large institutional purchases, such as the acquisition worth US$365 million by CEA Industries. Support from such major institutions is believed to strengthen the price stability of BNB in the future.
Although BNB experienced a slight decline after reaching ATH at US$1.026 early on Sunday (21/09), the token still showed a positive increase of 10.91% over the past week. This indicates strong market optimism regarding BNB's prospects.
