BNB Climbs to $884 Before Selling Pressure Pushes Price Down

BNB Hits $884 Before Market Sell-Off Pulls Price Down
September 9, 2025

Binance Coin (BNB) traded in a volatile session, briefly climbing to $884 before a rapid market sell-off pushed it back to $873.60. The token initially fell from around $880.50 to a low of $871.99 before rebounding on heightened trading activity. CoinDesk Research reported nearly 60,000 tokens changing hands around $876, which acted as a key support level.

The reversal coincided with broader market pressure, including geopolitical concerns following reports of an Israeli strike on Hamas leadership in Qatar. BNB dropped over $5 in minutes as traders reacted to the news. Meanwhile, gold saw a brief boost, with futures nearing $3,700 per ounce, and gold-backed tokens PAXG and XAUT spiking before pulling back.

Binance itself continued to see record activity. CoinDesk Data reported $2.63 trillion in futures trading volume in August, the highest monthly total to date. Along with Bybit and Crypto.com, Binance remains one of the largest exchanges by spot trading volume. BNB can be used to pay trading fees on the platform with a 25% discount and also functions as the native token of the BNB Chain, supporting its growing ecosystem.