Binance Coin Surges as Bitcoin Tests $97K Before Pulling Back

Last weekend, Bitcoin successfully surpassed the $97,000 level. The situation was relatively calm, and the cryptocurrency is now trading at $96,195.02, with a 0.5% increase in the last 24 hours. This positive trend is accompanied by a notable recovery in altcoins. Among them, Binance Coin (BNB) has stood out with an impressive advance, leading the appreciation along with other cryptocurrencies such as SOL, AVAX, and SUI.
After a turbulent period caused by trade tariff announcements from the former US president, which impacted countries like China, Canada, and Mexico, Bitcoin experienced a sharp drop from $106,000 to $97,000 in just one weekend.


The start of the following week witnessed a further decline in Bitcoin’s value, briefly dipping below $92,000, marking its lowest level in weeks. However, investors refused to accept further drops, and strong buying activity pushed the price back up to $102,000 before undergoing another correction, bringing the asset back into the five-figure range.
Meanwhile, Binance Coin (BNB) has experienced a breakout, surging over 10% in the past 24 hours, reaching a multi-day high of $645. This surge demonstrates the strength of BNB in the current market.
Apart from BNB, other altcoins have also shown significant recoveries. Ethereum has surpassed the $2,650 mark with a 2% increase, while XRP is approaching $2.50 due to a 3.5% increase. DOGE, LINK, ADA, and XLM have also demonstrated similar growth. Additionally, cryptocurrencies like Solana, Avalanche, SUI, HBAR, and SHIB have experienced even more substantial gains.
Other notable market highlights include FLOKI, which has surged 14%, IMX with a 13% increase, FET with 12%, TIA with 11%, and RENDER, which has also seen a 10% increase. As a result, the total value of the cryptocurrency market has increased by approximately $80 billion, surpassing the $3.3 trillion mark.