đ Crypto News: BNB Surges 6% to $500! đ
- Despite a 9% weekly decline, BNB outperforms many other altcoins.
- BNB is down just 1% over the past month while the altcoin market is down 7%.
- Better-than-expected US jobs data boosts sentiment, S&P 500 up 1.9%, crude oil up 1.1%.
- US 5-year bond yields rise, reflecting doubts about the Fed's ability to control inflation.
- BNB appeals to lower fees and Binance incentives.
- DefiLlama data: BNB Chain inflows hit $2.8B from August 5-7.
- BNB Chain activity up but lags behind Solana, Ethereum, and Avalanche.
đ€ Can BNB reclaim $590? Comment now! đŹ#Crypto#BNB#Blockchain#Finance#Tech#MarketTrends