The cryptocurrency BNB, associated with the BNB Chain and launched by Binance, reached a new all-time high price. It surged to $793 before slightly falling, breaking through a resistance level that has stood for over three years. BNB is outperforming Bitcoin and other major cryptocurrencies as traders rotate capital to altcoins. The surge in BNB's price is attributed to capital rotation, regulatory clarity, and increased user activity in the BNB Chain ecosystem. Binance's regulatory troubles have eased, and the exchange's founder has been released from prison. BNB is also benefiting from the exchange's token burning scheme, which reduces the token's supply.



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