Binance Coin Is Quickly Recovering to $700
Binance Coin (BNB) is up 1.6% this week, trading at $658.3 and closely tracking the broader crypto market, where Bitcoin (BTC) has risen by 1.5% to $109,100. BNB is rebounding quickly from the geopolitical shocks in June, which saw prices drop to $600 on June 22. A sharp V-shaped recovery brought it back to $650, and the recent approval of the Big Beautiful Bill has given prices an extra boost.
Investor focus is now turning to the July 9 deadline for U.S. trade negotiations. If Japan and the EU manage to strike a deal with the U.S. before then, Bitcoin could break above the $108,000–110,000 resistance zone — a move that would likely lift BNB toward the $700 mark. Adding to the bullish case, the U.S. Securities and Exchange Commission has officially dropped its lawsuit against Binance. With the confirmation that Binance Coin is not considered a security, regulatory risk around BNB has significantly diminished, supporting further upside potential.
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