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BNB breaks $910 resistance on wider crypto market rally momentum

2026/01/06 23:41
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BNB breaks $910 resistance on wider crypto market rally momentum

Market participants defended rising support while trading volume surged 66% above average during resistance tests near $908, pointing to increasing demand ahead of major network upgrade.

By Francisco Rodrigues, CD Analytics|Edited by Cheyenne Ligon
Jan 6, 2026, 3:41 p.m.
"BNB rises 0.9% to $905.75 with surging volume ahead of Fermi hard fork, signaling strong demand and tightening network compression."

What to know:

  • BNB broke through the $910 resistance zone, rising 2% to top $920, as the broader cryptocurrency market saw a 5.3% increase in the CoinDesk 20 (CD20) index.
  • The rally comes ahead of the planned Fermi hard fork on January 14, which aims to improve the BNB Chain's capacity to 20,000 transactions per second and make it more attractive to developers.
  • BNB reached an intraday high of $921.47 and now sits near the next breakout target at $928, with bulls eyeing a potential move towards $1,066 if momentum holds.

BNB broke through a closely-watched resistance zone over the past 24-hour period, climbing 2% to top $920 amid a wider cryptocurrency market rise that saw the broader CoinDesk 20 (CD20) index move up 5.3%.

The rally comes ahead of the Fermi hard fork, which is currently scheduled for Jan. 14. The upgrade will reduce block times from 750 milliseconds to 450 milliseconds and improve how the network processes transactions.

STORY CONTINUES BELOW
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Its goal is to boost BNB Chain’s capacity to 20,000 transactions per second, making it a stronger contender for developers working on high-speed decentralized applications in areas like finance and artificial intelligence.

On the technical side, BNB reached an intraday high of $921.47 before stabilizing. Trading volume rose, signaling renewed interest as price pierced past the $906-$910 resistance range. BNB now sits just under the next breakout target at $928, with bulls aiming for a move toward $1,066 if momentum holds.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Ethereum’s staking queues have cleared and that changes the ETH trade

With queues cleared and staking yields near 3%, the “supply shock” narrative is fading even as Ethereum remains the largest DeFi base layer.

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  • Ethereum's validator queues have nearly collapsed to zero, indicating episodic rather than persistent staking demand.
  • Staking rewards have compressed to around 3%, limiting incentives for significant changes in staking activity.
  • Ethereum's DeFi TVL remains fragmented, with ecosystems like Solana and Base capturing incremental growth, affecting ETH's value capture.
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