Bnb Hits Second Ath This Month, Crosses $1,300 Barrier – Is $1,500 Next?

What Happened

The rally coincided with Bitcoin reaching a new all-time high above $126,000, as the ongoing US government shutdown drove investors to cryptocurrencies as safe-haven assets.

Amid these wild runs towards new ATHs, Changpeng Zhao admitted he personally prefers using X over Binance’s own social platform, Binance Square, despite the latter reaching 275 million users since launching in 2023.

The contrast with Elon Musk’s frequent posting on X since acquiring Twitter in 2022 stands out sharply.

Market Context

Binance Coin (BNB) surged past $1,300 on October 6, 2025, marking its second all-time high within hours after initially breaking $1,200 earlier in the day, as the token flipped XRP to become the third-largest cryptocurrency by market capitalization.

The 19% weekly gain boosted BNB’s market cap to over $154 billion, surpassing both Tether and XRP behind only Bitcoin and Ethereum.

Broader Market Rally Driven by Political Uncertainty and Institutional Demand

Bitcoin’s surge past $126,000 was accompanied by over $1 billion in spot ETF inflows, including nearly $970 million from BlackRock’s iShares Bitcoin Trust, with trading volume up more than 20% from the prior day.

He noted that around half of gold’s market value comes from its store of value role, and if Bitcoin captured half of that market, it would imply $644,000 per coin at today’s record gold price.

VanEck projects that Bitcoin could settle 10% of global trade by 2050, supporting a long-term price of $2.9 million per coin, equivalent to a $61 trillion market capitalization.

Hourly chart analysis reveals BNB trading at $1,266.83 following a breakout from consolidation near $1,193, with upside targets of approximately $1,347 representing a 6.3% gain.

Why It Matters

CZ concluded by saying he will “maybe” switch back to Binance Square in the future.

Conversely, downside risk lies below $1,183, which would result in a potential 6.6% decline.

The consolidation box around $1,193 represents the base from which the recent advance developed, with a relatively balanced risk-reward ratio suggesting a current equilibrium between buyers and sellers.

Details

BNB Chain topped all blockchains in 24-hour fees, followed closely by Hyperledger and Solana.

Founder Changpeng Zhao emphasized ecosystem growth, with 30% of BNB’s supply now staked amid institutional inflows and the expansion of DeFi.

The surge comes as October historically delivers a strong fourth-quarter performance for cryptocurrencies, with Bitcoin averaging 79.6% gains in past Q4 periods.

CZ Admits Preferring X Over Binance Square Despite BNB Rally

CZ cited security concerns as the primary reason, stating he likes to “stay logged out on Binance.com when not making a transaction” and can go months without logging in. He noted he uses X to reach the “non-Binance community” as the center of broader crypto discourse.

The comments received mixed reactions, with critics questioning why the founder would not be active in his own ecosystem.

Analysts attribute the rally to the April halving, pro-crypto policies under the Trump administration, and Bitcoin’s appeal amid the political uncertainty caused by the government shutdown.

Just yesterday, Strategy Inc. reported a $3.9 billion unrealized gain on its 640,031 BTC holdings in the third quarter, with total fair value reaching $47.35 billion.

Earlier today, VanEck’s Matthew Sigel stated that surveys indicate younger consumers are increasingly favoring Bitcoin for wealth preservation over gold.

Technical Analysis Projects $1,500 Target Following Breakout Pattern

To take it even further, daily chart analysis identifies three distinct phases of breakout.