BNB Price Rises 1% as Binance Promises Compensation After Market Crash

BNB’s price jumped 1% in the last 24 hours, climbing to $1,131, despite a 14% plunge in the daily trading volume to $7.95 billion.

This comes after Binance announced it will compensate users affected by Friday’s huge crypto selloff, which caused several tokens, including Ethena’s USDe, to lose their peg. Co-founder Yi He apologized for performance issues during the crash, which followed new U.S. tariffs on China.

She said users who lost money due to Binance’s system problems can file claims, while normal market losses won’t be covered. CEO Richard Teng also apologized and promised more transparency and stronger risk controls.

The crash wiped out over $670 billion from the crypto market and liquidated about 1.7 million traders in a single day. Binance said affected users holding Futures, Margin, or Loan positions will be compensated within 72 hours. The exchange will also update its risk system and add new safeguards to prevent similar issues in the future.

Binance Coin Holds Key Support After Sharp Pullback

Binance Coin (BNB) continues to show strong bullish momentum despite a recent correction that briefly pushed prices lower. In late March, the token broke out and moved into a consolidation zone between $550 and $650, signaling accumulation and renewed buying interest.

By mid-July, BNB began forming a parabolic curve, marking the start of a powerful uptrend. The price steadily climbed with each dip being bought, pushing BNB to a new yearly high near $1,250 in early October. This rally reflected growing confidence among traders and strong momentum across the Binance ecosystem.

BNBUSDT Analysis Source: Tradingview

Following the surge, profit-taking caused a sharp pullback that tested the support zone around $900–$950. Buyers quickly stepped in, defending this level and driving the price back up to around $1,128. The fast rebound suggests strong demand remains, keeping the broader uptrend intact.

The Relative Strength Index (RSI) is at 54, showing that BNB is neither overbought nor oversold. This neutral reading gives the token room to continue climbing if buying pressure increases. If the price holds above $900, the next resistance levels lie near $1,250 and $1,350, where traders may look for new breakouts.

However, if BNB fails to stay above its support zone, it could retest the parabolic curve line between $750 and $800 before regaining momentum.

In short, Binance Coin remains in a strong bullish structure despite recent volatility. As long as the price holds above the parabolic curve and key support areas, the outlook for BNB stays positive, with the potential for new highs in the coming weeks.