BNB, the token of Binance exchange, reached a new all-time high at $858, signaling significant changes in the cryptocurrency market. This growth has also impacted other altcoins and the overall market capital.
New BNB Record
On July 28, 2025, BNB achieved a new all-time high, soaring over 30% in July. This event bolstered BNB's position, now ranking as the 5th largest cryptocurrency by market cap, at $117 billion. This increase highlights BNB's growing influence within the altcoin sector, reflecting heightened market activity.
Impact on Bitcoin
Bitcoin, facing resistance just below the $120,000 mark, also affects capital distribution towards altcoins like BNB. This has created additional interest in BNB and other alternatives, further boosting their market capitalization.
Overall Crypto Market Status
The total cryptocurrency market cap has now surpassed $4 trillion, indicating extensive activity within the space. Despite BNB's achievements, no official statements have been issued by Binance leadership. Commentator CryptoCruize noted the significant increase in founder Changpeng Zhao's net worth due to his holdings in BNB tokens.
BNB's record growth indicates significant changes and increasing interest in altcoins against the backdrop of Bitcoin's volatility. Further developments will depend on market participants' activity and potential corrections following such strong rallies.
