Fed Cuts Rates by 25 Basis Points! BNB Surges Past $990, Sets Another All-Time High

TradingKey – Binance Coin (BNB) jumped 3% today, closing in on the $1,000 milestone and showing signs of a potential breakout.

On Thursday, September 18, BNB continued its upward momentum, soaring toward the $1,000 mark and setting a new record high. Over the past 24 hours, BNB surged more than 3%, reaching an intraday peak of $995 and currently trading at $985.

BNB Price Chart – Source: CoinMarketCap

Earlier this morning, the Federal Reserve announced a 25 basis point rate cut, in line with broad market expectations. Bitcoin (BTC) showed little reaction, remaining range-bound near $116,000. In contrast, BNB posted a strong independent rally.

Yesterday, rumors circulated that Binance founder Changpeng Zhao (CZ) may be returning to lead the exchange, sparking a 4% surge in BNB that briefly pushed the price past $960. CZ had stepped down in 2023 following regulatory pressure from U.S. authorities.

As of now, neither Binance nor CZ has officially responded to the speculation. However, BNB’s price movement suggests investors are optimistic about his potential return. If confirmed, it could be the catalyst that propels BNB beyond the $1,000 threshold.