BNB Peaks at $884 Before Market Sell-Off Erodes Gains
September 9, 2025
Binance Coin (BNB) experienced a turbulent 24-hour session, briefly climbing to $884 before a swift market sell-off pushed the price back down.
The token initially dropped from around $880.50 to a session low of $871.99, then staged a recovery, peaking near $884.60. Trading activity surged, with nearly 60,000 tokens exchanged around the $876 support level, according to CoinDesk Research. The rebound proved short-lived, as BNB fell more than $5 in minutes amid a broader market pullback triggered by geopolitical tensions in the Middle East.
While crypto markets pulled back, gold prices rallied briefly, with futures approaching $3,700 per ounce, and gold-backed tokens such as PAXG and XAUT touched session highs before easing.
Binance continued to post record activity. CoinDesk Data reported $2.63 trillion in futures trading volume for August, setting a monthly record. Alongside Bybit and Crypto.com, Binance remains one of the largest exchanges by spot trading volume.
BNB also provides utility on the platform, allowing users to pay trading fees with a 25% discount. It serves as the native token for the BNB Chain, supporting a growing ecosystem of blockchain applications.
