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<div class="coinjournal"> 
 <ul> 
 <li>BNB price hit a new all-time high of $716 on Wednesday.</li> 
 <li>The Binance Coin’s market cap surpassed $100 billion, with trading volume reaching $3.5 billion.</li> 
 </ul> 
 <a rel="dofollow" title="BNB" href="https://thebittimes.com/tag/bnb.html">BNB</a>, the native token of the Binance ecosystem, has skyrocketed to a new all<a rel="dofollow" title="-time" href="https://thebittimes.com/tag/time.html">-time</a> high, with its marlet cap rising to over $100 <a rel="dofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a>. 
 <h2 id="span-style-font-weight-400-bnb-surges-17-to-new-all-time-high-as-bitcoin-hits-71-000-span">BNB surges 17% to new all-time high as Bitcoin hits $71,000</h2> 
 On June 5, BNB price increased by more than 17% to hit its highest ever level.&nbsp;&nbsp; 
 The gains came amid an overall upside flip for Bitcoin, which rose past the $71,000 mark for the first time since May 21. 
 As BTC extended recent recovery to above the psychological level, BNB bulls tore past the previous ATH to hit $716 on crypto exchanges. 
 Having traded at lows of $592 on June 1, 2024, the Binance coin has outshone other top 10 coins by market cap. BNB’s market cap hit $110 billion as the price soared, pushing the cryptocurrency into 4th spot overall behind USDT, Ethereum and Bitcoin. The 24-hour trading volume reached $3.5 billion. 
 <h2 id="span-style-font-weight-400-bnb-price-outlook-span">BNB price outlook</h2> 
 BNB’s upward momentum comes as the Binance exchange sees continued resurgence in community sentiment. The platform’s Launchpool is a top offering that has helped BNB holders grab new gems such as the hot Notcoin (NOT) token. 
 While <a rel="dofollow" title="BNB" href="https://thebittimes.com/tag/bnb.html">BNB</a> is trading around $706 at the time of writing, there’s likelihood bulls may target further gains above the $700 level. This outlook will strengthen if buyers push above the initial rejection area around $716. 
 A break to $750 could encourage bulls, a scenario that has crypto analysts bullish on BNB price.&nbsp; 
 The weekly chart on TradingView shows <a rel="dofollow" title="BNB" href="https://thebittimes.com/tag/bnb.html">BNB</a> <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> has jumped 17% in the past three days. 
 <img decoding="async" class="alignnone size-full wp-image-206536" src="https://cdn.thebittimes.com/images/2024/06/05/8d656f05202d94cb569d523f52b89b7e.webp" alt="" width="1074" height="545"> 
 Meanwhile, BNB’s daily chart shows the breakout from the ascending triangle has the RSI in the overbought zone. However, it’s not overextended and the MACD indicator has a bullish bias to suggest buy side pressure remains. 
 According to Coinglass data, the BNB open interest currently stands at $1.1 billion, with a 24-hour change of +39%. 
</div>
Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/bnb-price-soars-to-new-all-time-high-market-cap-exceeds-100-billion-tbt91442.html">https://thebittimes.com/bnb-price-soars-to-new-all-time-high-market-cap-exceeds-100-billion-tbt91442.html</a>

BNB price soars to new all-time high; market cap exceeds $100 billion

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