Binance Coin ($BNB) Posts Another ATH as it Surpasses Daily Volume of Bitcoin

Binance Coin (BNB) has risen to a new all-time high of $650 in a record surge of 30%, before retracing to $550 levels. The altcoin has gained nearly 60% in the past week nearly doubling its last month ATH above $300. The recent surge in price is being attributed to the quarterly BNB burn event where Binance burns a portion of the BNB supply.