BNB Climbs Toward $760 as Market Sell-Off Eases

BNB's 10% drawdown from its peak positions it as one of the more stable assets in the exchange token sector, which has seen larger declines. BNB saw a slight rise over the last 24-hour period, but has been recovering steadily after seeing a large drawdown to test its $750 support level. The token is now back flirting with $760 and is showing signs of continued buyer interest at key support levels. This rebound came as major cryptocurrencies posted steeper losses, weighed down by growing geopolitical tensions and macroeconomic uncertainty. Yet BNB found demand from both retail and corporate buyers, with heavy trading volumes helping it recover from its steep intraday lows. The asset’s recent performance follows a series of moves by Binance to strengthen its platform, including rolling out web version of its wallet and expanding bitcoin options offerings. Meanwhile, companies including CEA Industries, Wintree Therapeutics and Nano Labs have been adding BNB to their treasuries, signaling broader appetite for the token. Compared to other exchange tokens that remain 30% to 60% off their highs, BNB’s 10% drawdown from its $861 peak, according to CryptoQuant data, positions it as one of the sector’s more stable assets under pressure, along with LEO. BNB, the same data source shows, currently holds a dominance 81.4% share of the exchange token sector’s total market capitalization. BNB’s recovery was driven by a sharp price drop early in the session, where heavy selling sent the token down to $746.29. That level attracted strong volume with 105,239 tokens traded, well above the daily average, suggesting buyers stepped in aggressively at the discount, according to CoinDesk Research's technical analysis model. After establishing support, BNB began forming a series of higher lows. That pattern pointed to a shift in sentiment as buyers repeatedly defended new levels, gradually pushing the price upward. A second volume-backed bounce reinforced that trend. From there, the token climbed steadily, eventually nearing the $760 level. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. CoinDesk Analytics is CoinDesk's AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets. All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk's editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article. CoinDesk Analytics operates under CoinDesk's AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk's approach to AI-generated content in our AI policy. Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk's $1,000 disclosure threshold. https://www.coindesk.com/markets/2025/08/06/bnb-climbs-toward-usd760-as-market-sell-off-eases #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple