BNB

Today's state: BNB is trading at $543.57 with a $75.7 billion market capitalization (rank #4). The price moved -0.76% over the past 24 hours and is -3.52% over 7 days; the 30-day move stands at +1.64% and the 90-day at -10.46%.

Position vs cycle: A 50%-plus discount to the all-time high is a deep correction in which, historically, momentum and liquidity have mattered more for the recovery path than statistical mean-reversion.

Volatility and structure: 30-day realized volatility of 45.8% annualized is moderate for an asset this size. Our composite multi-horizon Price Strength reads Bearish (36/100), against a weakening multi-horizon backdrop with cumulative pressure across 30/90-day windows.

Beyond Bitcoin, BNB's 90-day return correlations to the other two largest layer-1 references help characterize whether the asset moves as part of a crypto-market beta complex or as something more idiosyncratic. The Pearson correlations across daily log returns:

• Bitcoin reference: +0.75 — a strong positive relationship.
• Ethereum reference: +0.72 — a strong positive relationship.
• Solana reference: +0.74 — a strong positive relationship.

Strong correlation to multiple references typically indicates that the asset trades primarily as crypto-market beta — moves in BTC/ETH/SOL drive most of the price action, and stand-alone alpha is harder to capture. Weak or negative correlations indicate idiosyncratic drivers (project-specific news, sector rotation within crypto, or narrative shifts) that can produce returns uncorrelated with the broader market.

BNB (BNB) is a cryptocurrency, traded on global digital-asset markets. It trades at $543.57 as of the latest update, with a 24-hour move down 0.76%, placing it at rank #4 by market capitalisation among all listed digital assets. BNB's current market cap stands at $75.66B, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking BNB across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

BNB's value is structurally tied to the exchange that issued it. Holders effectively own a claim on a stream of fee revenue or fee discounts, and the token's adoption is bounded by the exchange's market share. This makes the asset closer to equity in the exchange than to a true network asset.

BNB currently ranks #4 by market capitalisation, making it a top-ten asset. About 70% of the maximum BNB supply is in circulation today (139.18M of 200.00M), leaving a moderate emission stream still to come. It currently trades about 60% below its all-time high of $1,370.98 set in October 2025.

BNB is an exchange token: issued by a centralized cryptocurrency exchange, with utility tied directly to that exchange (typically fee discounts on trading, access to launchpad sales, voting on listings, or reduced borrow rates on margin and futures). Some exchange tokens also function as the native gas asset for a chain operated by the exchange.

BNB currently ranks #4 by market capitalisation, making it a top-ten asset. About 70% of the maximum BNB supply is in circulation today (139.18M of 200.00M), leaving a moderate emission stream still to come. It currently trades about 60% below its all-time high of $1,370.98 set in October 2025. Its fully-diluted valuation of $109.38B is about 1.4× the circulating market cap of $75.66B, a gap that signals issuance overhang to factor into any longer-term thesis.

BNB is used for: paying trading fees at a discount, participating in token launches via the exchange's launchpad, voting on listings, accessing premium products, and (where the exchange runs a chain) paying gas for chain transactions.

Daily turnover is light — roughly 0.65% of market cap ($488.17M over 24 hours) — so larger orders are best worked into the market gradually to limit slippage.

The supply story for BNB comes down to three things: how tokens are issued over time, how many are circulating now, and how far the fully-diluted valuation sits above the circulating market cap. Approximately 69.6% of maximum supply is currently circulating, meaning roughly 30.4% of total potential supply remains to be issued. This implies a structural emission stream against current demand for the asset. The fully diluted valuation (FDV) of $109.4 billion stands at 1.4× the current circulating market cap of $75.7 billion. The wider this ratio, the more issuance overhang the asset faces — a structural headwind on valuation that mature assets like Bitcoin do not face but that early-cycle assets typically do.

The question that matters for a longer-term view is simple: does value accrual (burns, staking-yield reinvestment, deflationary mechanics, growing ecosystem TVL) run ahead of new issuance, or behind it? Ahead, and price can compound quietly; behind, and it leans on continuous fresh demand to soak up the supply.

At the macro level, the variables that move this asset class most are the direction of US interest rates, the supply of dollar liquidity, and the state of global risk appetite. Crypto has behaved like a long-duration, high-beta risk asset: it tends to rally when real yields fall and the dollar softens, and to sell off when liquidity tightens.

For cross-asset context, monitor the dollar (a headwind when it strengthens), long-term Treasury yields (the discount rate on risk), gold (a sometime companion in monetary-debasement narratives), and the S&P 500 (often correlated with crypto on liquidity-driven swings even though crypto is popularly billed as uncorrelated).

Narrowing to BNB, the cleanest leading signal has usually been crypto-native liquidity — the combined trend in stablecoin supply, futures open interest and exchange turnover. When that pool of on-chain capital grows, BNB has tended to advance with it; when it drains, the move has typically gone into reverse. Given the 90-day BTC correlation of +0.75, BNB's near-term macro sensitivity will be similar to Bitcoin's — driven primarily by the same liquidity conditions and risk-asset flows.

Specific risks: regulatory risk (the exchange itself may face enforcement, which damages the token), centralization risk (a single entity controls supply emissions and burn schedules), custody risk if held on the issuing exchange (counterparty exposure to the exchange's solvency), and revenue concentration risk (value tracks the exchange's market share, not broad crypto adoption).