TradingKey – Binance Coin has gained over 6% in the past week, setting a new all-time high. The upcoming Fed rate decision this Wednesday could further fuel its rally.
On Monday, September 15, while most cryptocurrencies saw a pullback, Binance Coin (BNB) held firm, consolidating near its recent highs. Over the past 24 hours, BNB rose 0.8%, currently trading at $933.
BNB Price Chart – Source: TradingView
Last week, BNB posted a steady climb, gaining more than 6% in total. Yesterday, it hit an intraday peak of $934, pushing its market cap past $130 billion and setting a new record. With less than 10% to go, BNB is now closing in on the $1,000 threshold.
This Wednesday, the Federal Reserve is set to announce its interest rate decision, which could have a significant impact on the market. If the rate cut is more aggressive than expected, BNB may break through the $1,000 mark — but whether it can hold above that level will depend on the strength of the Fed’s policy shift.
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