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24/10/25 05:12 UTC-04

Binance Token Rises After Zhao’s Pardon: What Happened in the Crypto Market

The cryptocurrency of the world’s largest exchange outperformed market leaders in growth.

BNB (BNB), the native token of Binance, surged after the pardon of its founder, Changpeng Zhao. Following the news, BNB jumped 6.5% intraday, and by the end of the day was up 2%, outperforming major cryptocurrencies.At the time of writing, the token is trading around $1,100.

News broke on October 23 that U.S. President Donald Trump had signed a pardon for Zhao. Analysts note that the move could pave the way for Binance’s return to the U.S. market.

Major Cryptocurrencies

  • Bitcoin (BTC) rose to $111,000, gaining 1.3% over the past 24 hours.

  • Ethereum (ETH) climbed 1.5% to $3,950.

The total cryptocurrency market capitalization increased 1.3% in 24 hours, reaching $3.75 trillion.
Most altcoins in the CoinMarketCap top 100 showed gains.
The WLFI token of Trump’s World Liberty Finance project gained the most — up 11%,
while Tron (TRX) saw the steepest drop at –3%.

Derivatives and ETFs

According to Coinglass, crypto exchange liquidations over the past day affected 113,000 traders, totaling $224 million.
The largest losses were recorded in Ethereum positions, amounting to $154 million.

On October 23, U.S. spot Bitcoin ETFs posted a net inflow of $20 million, according to SoSoValue,
while Ethereum ETFs saw outflows of roughly $127 million.

Fear and Greed Index

The Crypto Fear and Greed Index rose from 27 to 30 points out of 100 within 24 hours.
Despite the improvement, the market remains in the “fear” zone, as investors are still more inclined to sell rather than accumulate cryptocurrencies.

See also: "Bitcoin Rises Above $111,000 as Trade War Fears Ease"

#BNB (BNB) #Price Increase

Editor: Alyona Nabok
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