BNB Soars Beyond $1,000 While Bitcoin Struggles Near $116K

The crypto market entered the weekend with mixed momentum, as Bitcoin failed to hold above $116,000 while Binance Coin (BNB) surged to fresh record highs above $1,050.

Bitcoin Stuck in Range

Bitcoin’s price action has been choppy since the Federal Reserve confirmed a 25 basis point rate cut last week. The asset briefly touched $118,000 but could not maintain strength, slipping back below $116,000. Over the weekend, BTC hovered between $115,000 and $116,000, with market dominance steady near 56% and total capitalization stagnating around $2.3 trillion. Traders continue to watch this tight range, as a decisive move in either direction could set the tone for the coming week.

BNB Breaks Records

While Bitcoin cooled off, BNB became the standout performer of the large-cap market. The token surged more than 10% in a single session, climbing to a new all-time high of $1,080 before a slight pullback. Even after retracing, BNB remains the strongest of the majors, extending its impressive streak of record-breaking sessions.

Altcoins Mixed

Other top altcoins, including Ethereum, XRP, Solana, and Cardano, showed little movement over the past 24 hours. Meme tokens and smaller-cap names also lagged, though ASTER stood out with a 40% surge, joined by double-digit gains from M and IP.

Despite pockets of strength, the broader crypto market shed $20 billion overnight, with total capitalization slipping to $4.12 trillion, according to CoinGecko.