BNB Climbs to $884 Before Market Sell-Off Erodes Gains
September 9, 2025
Binance Coin (BNB) experienced a volatile trading session, briefly surging to $884 before broader market selling pushed it down to $873.60. The token initially dipped from $880.50 to $871.99, then rebounded on increased activity, with CoinDesk Research noting nearly 60,000 tokens traded around $876, a key support level.
The sharp reversal followed a wider market pullback triggered by geopolitical concerns, including reports of an Israeli strike on Hamas leadership in Qatar. BNB fell more than $5 in minutes, while gold futures approached $3,700 per ounce, and gold-backed tokens PAXG and XAUT saw brief spikes before retreating.
Binance itself reported strong activity, reaching $2.63 trillion in futures trading volume in August, a new monthly record, according to CoinDesk Data. As one of the largest exchanges by spot volume, BNB continues to provide utility on the platform, offering a 25% discount on trading fees and serving as the native token of the BNB Chain, supporting its expanding ecosystem.
