This morning, BNB surpassed the symbolic $1,000 mark for the first time in its history. Let’s take a look back at this historic performance.
BNB surpasses $1,000 for the first time in its history
Over the summer, we reported several times on BNB’s successive all-time highs (ATH). Since then, the asset has continued to climb, surpassing the symbolic threshold of $1,000 per unit this morning, marking a 42% increase since the beginning of the year.
After peaking at nearly $1,007, the asset had fallen back to $996 at the time of writing, up 4.38% over the last 24 hours:
As for the rise in recent days, we need to look at the rumors we reported on Wednesday. Binance is reportedly close to reaching an agreement with the US Department of Justice (DoJ) to end its external audit requirements under the $4.3 billion settlement at the end of 2023.
Although these rumors have not been confirmed or denied at this time, they seem to be enough to fuel market optimism. In addition, we also revisited the hypothetical return of Changpeng Zhao (CZ) to the cryptocurrency exchange. In the meantime, Zhao has expressed his pride in how far BNB has come:
Watching BNB go from an ICO price of $0.10 eight years ago to $1,000 today is something that words cannot explain. As a simple member of the community and BNB holder, representing no entity or title, I thank everyone in the crypto and BNB ecosystem for your support. We’ve had our share of challenges along the way, but we’ve worked hard, built, and persevered. It’s truly a community effort!
With a market cap of $139.6 billion, BNB is now the fifth-largest cryptocurrency on the market.
