en.bitcoinsistemi.com
Leading cryptocurrency Bitcoin (BTC) broke a new record since August over the weekend.
At this point, Bitcoin broke through the $125,000 barrier, reaching its highest level in its 17-year history. According to CoinMarketCap data, the price rose to $125,559.21, with a trading volume of approximately $50 billion recorded in the last 24 hours.
While altcoins accompanied this rise in Bitcoin, Binance Coin ($BNB), the native cryptocurrency of Binance, the world's largest cryptocurrency exchange, also broke a new record.
Unlike many altcoins that remained outside my rise in altcoins and did not rise much, $BNB was one of the rare altcoins that could keep up with the rise in Bitcoin.
$BNB broke a new record high above $1,200, according to Binance data. It has reached $1,214, a gain of over 3% in the last 24 hours.
It is estimated that this rise in $BNB, which broke a new record by exceeding $1,100 in the past weeks, is due to increased buying pressure in futures transactions and rumors that more spot $BNB ETF applications are coming.
According to Coinglass data, $BNB futures open interest increased by 18% to over $2.5 billion, reflecting investor expectations that the price could rise further.
Cryptocurrency analyst Ali Martinez also stated that $BNB's upward trend could continue given the strong technical outlook and on-chain data, predicting it could reach as high as $1,300. According to Martinez, the increase in trading volume and investor interest suggest this target is achievable in the short term.
*This is not investment advice.