On September 12, BNB recorded a price surge that took the digital asset to a new ATH above $909. BNB's latest milestone comes amidst a bullish crypto market, up by more than 1% in the past 24 hours.
The general crypto market's market cap surpassed $4 trillion once again, and Bitcoin reclaimed $116,000.
BNB Reached a New ATH Above $909
At the moment of writing this article, BNB is trading above $904, with a market cap of over $125.93 billion, up by approximately 1% in the past 24 hours.
Earlier, BNB reached a new ATH above $909, amidst a rallying market.
BNB's latest milestone comes two days after Binance announced a key partnership with asset manager Franklin Templeton, which will support the mainstream blockchain adoption and the development of new crypto products.
Binance, the biggest crypto exchange in the world, continues to gain trust globally, and as of September 12, it has over 288 million registered users on the platform.
BNB's rally comes amidst a general crypto market surge in which Bitcoin reclaimed $116,ooo on September 12.
Bitcoin Reclaimed $116,000 in an Optimistic Market
At the moment of writing this article, BTC is trading above $115,000, and the digital asset hit $116,000 earlier.
Bitcoin price rallied on September 12, following yesterday's inflation results in the US and amidst continued institutional interest. CPI in the US was 2.9% for August, hotter than expected, and, as pointed out by CNBC, this will be a trigger for a new rate cut during the next FOMC meeting.
The next FOMC meeting is scheduled for September 17, and predictions see a 92.5% chance for a rate cut of 25 bps.
Institutional interest in Bitcoin also continues, and the US-based BTC ETFs recorded their fourth consecutive inflow day on September 11, above $552 million.
As of September 11, the BTC ETFs in the US had over $149 billion in total net assets and over $56.19 billion in cumulative flows since their debut in January 2024, SoSoValue data shows.
All signs point to the fact that there are plenty of reasons to remain optimistic in this bullish market that is set to bring new ATHs for more digital assets, including Bitcoin.
