BNB Hits All Time High as Crypto Markets Rally Behind Bitcoin and Ethereum

Crypto markets saw a sharp rally Friday afternoon, led by surging altcoins and strong moves from Bitcoin and Ethereum. BNB reached a new all-time high while several other major tokens logged meaningful gains as investors poured into digital assets following renewed momentum in spot ETFs.

BNB, the sixth-largest cryptocurrency by market cap, broke through $926 and was still trading near that level as of Friday evening. The coin rose 3% over the last 24 hours, continuing a steady climb that has placed it among the year’s top performers.

Altcoins Build Momentum as Dogecoin and Solana Lead Daily Gains

BNB, which originated as the exchange token for Binance, has advanced almost 9% in the past week and is now up 70% year-to-date. The token only crossed $800 for the first time earlier in 2025 and has continued to set new records throughout the year. Its consistent performance has made it a focal point in the broader altcoin surge.

Dogecoin also impressed traders, climbing over 8% on the day to trade above $0.27. The popular memecoin is up 25% over the past week and currently leads daily gains across the top assets, even as the first U.S.-listed Dogecoin exchange-traded fund, launched by Rex-Osprey, remains halted for trading until next week. The ETF pause has not slowed demand for DOGE, as speculative enthusiasm and broader market strength drive its climb.

Solana joined the rally, posting a 6% daily gain and touching $240, its highest price since January. The fifth-largest cryptocurrency has seen strong inflows during the latest run, benefitting from renewed attention on high-throughput blockchain networks. With altcoins collectively trending upward, market sentiment has shifted toward optimism heading into mid-September.

The rally followed sharp increases in both Bitcoin and Ethereum, the two largest cryptocurrencies by market value. Bitcoin was recently priced at $116,331, while Ethereum reached $4,675, marking their strongest levels of the month. The moves have been fueled by steady inflows into U.S. spot ETFs, with Bitcoin funds notching positive activity throughout the week and Ethereum products recording three straight days of gains.

Friday marked Bitcoin’s highest price in a month, capping a strong week for ETF-driven inflows. Ethereum’s climb to its September high reinforced investor confidence that demand for digital assets remains healthy. Both tokens have provided a foundation for broader market strength, allowing smaller assets to build on the momentum.

Supporting the rally, fresh U.S. economic data showed a further cooling in inflation, raising expectations that the Federal Reserve may cut interest rates at its upcoming meeting. Historically, digital assets have performed well in low-rate environments, and traders appear to be positioning ahead of potential monetary easing. This combination of favorable macroeconomic signals and growing ETF participation has helped drive the market’s latest breakout.