Binance’s BNB coin has reclaimed the $700 price level for the first time since June 1, 2026. Data shows BNB rose 18.1% in 14 days and nearly 23% in the monthly charts. The rally follows a broader market surge tied to President Trump’s White House cryptocurrency event, where he discussed the U.S. potentially buying a large amount of crypto. However, nearly $550 million in long positions were liquidated within 60 minutes, and BNB has begun slipping below $700 again. The rally’s sustainability depends on whether Trump’s plans materialize, while high inflation continues to pose a risk.
Binance’s BNB coin has reclaimed the $700 price level for the first time since June 1, 2026. CoinGecko data shows BNB’s price rose 18.1% in the 14-day charts and nearly 23% in the monthly charts.
The price upswing comes amid a larger market-wide rally. The cryptocurrency market experienced one of its most significant rebounds of 2026 after President Trump’s cryptocurrency event at the White House.
Trump gathered several CEOs and industry heavyweights to push his administration’s pro-crypto outlook. He also stated that the U.S. plans to buy a large chunk of cryptocurrencies soon, leading to a massive surge in investor sentiment.
Another factor contributing to BNB’s resurgence is the Treasury’s bond buyback move. That development has likely injected more liquidity into the market, a scenario historically beneficial for cryptocurrencies.
While BNB’s price surge brought relief, the larger crypto market is already showing signs of trouble. Nearly $550 million worth of long positions were liquidated earlier today within just 60 minutes, and BNB is slowly making its way below the $700 price level.
The recent market rally hinges on President Trump’s word. If the plans for the U.S. to buy a large amount of cryptocurrencies do not follow through, additional price corrections may occur.
The macroeconomic situation is also not ripe for the cryptocurrency market. Inflation figures fell in July 2026 but remain well above the Federal Reserve’s 2% target, meaning BNB and the broader crypto market may struggle if inflation stays high.
