BNB rose 1.4% in the past 24 hours as investors increased exposure to the cryptocurrency market. The BNB price climbed to $933.03 through a series of large-volume transactions that pierced technical resistance, according to CoinDesk Research’s technical analysis model.

The increase, part of a broader move, reflects growing interest from market participants positioning themselves ahead of a potential shift in U.S. interest rates. The CME’s FedWatch tool shows a 96% chance of a 25 bps reduction on Wednesday and a 5% chance of a 50 bps cut. On Polymarket, traders weigh a 92% chance of the smaller cut, and a 7% chance of the larger one.

Data from BSTA.ai shows corporate treasuries now hold around 828,900 BNB, worth roughly $770 million at current prices, while several companies have pledged to keep accumulating the cryptocurrency. The largest corporate holder of BNB is CEA Industries, with 389,000 tokens in its treasury.

Traders observed signs of accumulation as prices held steady in the low $910s before briefly breaking above $930. BNB is currently testing that resistance level again.

The upward momentum has moved on steadily throughout the session, with coordinated volume spikes confirming that the interest wasn’t isolated.

The cryptocurrency, which can be used for transaction fee discounts on leading cryptocurrency exchange Binance or within the BNB Chain ecosystem, has remained a leader among exchange tokens.

It currently represents 81% of the sector’s total market capitalization, and along with KuCoin’s KCS is near an all-time high, CryptoQuant data shows.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.