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BNB Chain (BNB) has reached a historic milestone after its native token, BNB, broke past the $1,000 mark for the first time. The achievement comes on the heels of the Federal Reserves decision to cut interest rates by 25bps, a move widely seen as supportive for risk assets. The broader crypto market quickly responded, entering what many analysts describe as a new, more constructive phase with optimism for the weeks ahead.
The milestone carries symbolic weight, marking BNBs transformation from a utility token to one of the most valuable assets in the digital economy. The surge reinforces Binances dominance as the largest exchange by trading volume, while highlighting the platforms growing ecosystem, which continues to expand across DeFi, payments, and blockchain infrastructure.
Co-founder Changpeng Zhao (CZ) reflected on the moment in a post on X, writing: Watching BNB go from $0.10 ICO price 8 years ago to todays $1000 is something words cannot explain. I, not representing any entity or title, as just a community member and a #BNB holder, thank everyone in the BNB and crypto ecosystem, for your support.
BNB chain’s native token has surged more than 65% since June, cementing its position as one of the strongest performers in the current bull cycle. What makes this rally particularly notable is its relative strength against the broader market, a trend that began in late 2023 and has only accelerated in recent months. While many altcoins experienced prolonged corrections and uneven recoveries, BNB has consistently defended key levels, building a resilient foundation for its breakout past the $1,000 milestone.
With a market capitalization of around $140 billion, BNB has secured its spot as the 5th largest cryptocurrency in the world, surpassing long-time competitors and reaffirming its status as a cornerstone of the digital asset ecosystem. This remarkable achievement highlights the tokens dual role: as both a utility asset within Binances vast ecosystem and as a store of value increasingly favored by institutional and retail investors.
The coming weeks are expected to be decisive as BNB enters uncharted price territory. Optimism surrounding the market is high, with analysts pointing to the favorable macroeconomic backdropmost recently reinforced by the Federal Reserves 25bps rate cutas a catalyst for further growth. However, entering new highs also brings challenges, as volatility often spikes in discovery zones.
BNB has officially reached the historic $1,000 milestone, marking a powerful continuation of its multi-month uptrend. The weekly chart shows a clean breakout from prior resistance zones, with momentum accelerating over the past several weeks. This surge highlights strong demand and institutional accumulation, especially following the Feds 25bps rate cut, which has acted as a catalyst for renewed optimism across the market.
The chart reveals a well-structured rally with BNB consistently respecting its 50-week moving average, which now acts as a reliable dynamic support around $680. Both the 100-week ($572) and 200-week ($443) moving averages are trending higher, underscoring the tokens long-term strength and confirming a bullish market structure. Importantly, the recent breakout places BNB in uncharted territory, leaving price discovery as the next phase.
While momentum remains clearly bullish, traders should be mindful that vertical rallies often invite profit-taking and volatility. A healthy consolidation above $950$1,000 would strengthen the breakout and provide a new base for continuation. Conversely, if selling pressure intensifies, support levels around $850 and $780 could be retested.
Featured image from Dall-E, chart from TradingView