Binance Coin (BNB) climbed to a new all-time high of $801 on Wednesday, July 23, 2025. BNB has registered quite a strong rally over the last few weeks. The asset is currently up by 5% in the daily charts, 15.5% in the weekly charts, 19.9% in the 14-day charts, 27.8% over the previous month, and 36.4% since July 2024.

What’s Pushing BNB’s Price? Will The Rally Continue?

Binance Coin’s (BNB) climb to a new all-time high comes on the heels of Bitcoin (BTC) and XRP hitting fresh peaks. BTC rallied to a new all-time high of $122,834 on July 14. XRP, on the other hand, hit a new high of $3.65 on July 18. While BTC has hit multiple new all-time highs over the last year, XRP breached its previous peak after more than seven years.

The market rally was likely due to increased institutional inflows into ETF products, and the US House of Representatives passing the GENIUS, Clarity, and anti-CBDC bills and acts. Both developments may have greatly boosted investor sentiment.

BNB’s price has fallen by nearly 1% from its recent peak. The cryptocurrency market is known for its volatility. There is a chance that investors will begin to book profits and exit their positions. On the other hand, the rally could continue if demand remains strong. B’NB’s charts show a demand area at around $764. Price could fall to the $764 level before going up again. Given the general bullish market environment, it is also possible that BNB will not face a correction and continues its upward momentum.

Also Read: BNB’s Next Move: Why $1000 Isn’t Just a Dream?

The only thing that could introduce fresh volatility to the market would be a dip in Bitcoin’s (BTC) price. Many have highlighted a substantial supply gap at the $110,000 level. We could potentially see a correction to $110,000 if investor sentiment dips.