BNB, the native cryptocurrency of the Binance exchange and the BNB Smart Chain network, reached a new all-time high (ATH) of USD 1,370 this Mondayshowing a notable recovery after the abrupt fall that affected the digital asset market last Friday, October 10.
In the following graph, provided by TradingView, you can see the BNB price during the last week:
The new price record occurs in a context of renewed investor confidencedriven in part by Binance’s quick response to technical issues that occurred during high volatility on Friday. As reported by CriptoNoticias, the exchange allocated USD 283 million to compensate users who suffered liquidations and losses due to failures on the platform.
This occurs while the general market shows signs of stabilizationwith bitcoin regaining ground above $114,000.
The sharp rise in BNB contrasts with the uncertainty that dominated the market just 72 hours ago. The episode highlights the volatility inherent in digital assets, as well as the increasing influence that Binance shares have on the price of BNB.