BNB, the native token of the BNB Chain, increased by 1.4% in the past 24 hours as the cryptocurrency market experienced a broader rebound. This rise occurred alongside Bitcoin's 2.6% increase and a 2.5% uptick in the CoinDesk 20 index. The market movement was influenced by U.S. President Donald Trump's softened stance on tariffs and speculation about the Federal Reserve potentially easing its quantitative tightening measures. BNB's price opened near $1,077 and climbed to $1,144, with trading volume surging to 128,847 tokens, nearly double the 24-hour average. Additionally, Coinbase has added BNB to its list of assets under review for full platform support, and China Merchants Bank International has tokenized its U.S. dollar money market fund on the BNB Chain. Traders are anticipating a possible 25 basis-point interest-rate cut from the Federal Reserve this month.
BNB Gains 1.4% Amid Market Rebound and Fed Policy Speculation
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