The crypto market is seeing a strong positive reaction to Donald Trump’s growing influence and his recent decision to pardon Binance founder Changpeng “CZ” Zhao. Following the news, Binance Coin (BNB) jumped over 5% in the past 24 hours to trade around $1,139.
Key Drivers for BNB's Bullish Momentum
- Trump Pardons CZ: U.S. President Donald Trump pardoned CZ, calling his conviction a "politically motivated prosecution." White House Press Secretary Karoline Leavitt stated the move reflects Trump’s goal to "restore fairness and support innovation" in digital finance, signaling an increasingly crypto-friendly stance from his administration. CZ publicly thanked Trump, saying the pardon symbolizes "America embracing innovation again."
- Major Exchange Listings: Adding to the bullish momentum, Coinbase and Robinhood both announced they will list the BNB token. Coinbase's decision is notable as it's a competitor's native token. Robinhood's listing will give U.S. users, including many non-crypto investors, easier access to trade BNB.
- Technical Recovery and Market Interest: BNB experienced a strong bounce after successfully testing the support zone between $1,050 and $1,080, which aligns with an upward trendline. This area proved to be a solid buying zone, preventing further losses. Furthermore, the Open Interest in BNB futures rose 4%, indicating growing interest from traders and institutions and signaling improved market sentiment.
BNB Price Heading for $1,350
The confluence of positive news and technical strength has generated a "breakout vibe" among traders. Analysts predict that if BNB manages to close above $1,147, momentum is expected to accelerate toward the next resistance level near $1,350. This target previously acted as the coin’s local top in early October.
October 2025, Cryptoniteuae