BNB price climbed 1.33% in the past 24 hours, trading near $597, as the token extended its weekly gain to 5%. The move comes alongside news that a dozen crypto firms have received approval under the European Union's Markets in Crypto-Assets (MiCA) framework, signaling a busy week for both price action and regulation.
BNB's steady climb
BNB has held above the $590 level throughout the week, with traders noting a potential shift toward the $600 mark. The 1.33% daily gain is modest, but the token's ability to stay above key support has kept attention on the round number. Volume has been steady, though no breakout has materialized yet.
MiCA approvals land for 12 firms
EU regulators have greenlit 12 crypto firms under the MiCA regime, the bloc's comprehensive crypto licensing system. The approvals cover a range of services — from custody to exchange operations — and allow these firms to passport their licenses across all 27 member states. The names of the approved companies have not been disclosed, but the move marks the largest single batch of MiCA authorizations since the framework took full effect earlier this year.
The $600 threshold
With BNB hovering just below $600, the next few sessions could determine whether the token breaks through resistance. The MiCA news adds a layer of regulatory clarity that some traders see as supportive for the broader market, though BNB's price action remains largely driven by its own ecosystem developments and broader crypto sentiment.
For now, the focus is on whether BNB can close above $600 in the coming days. Meanwhile, the newly approved firms are expected to begin offering services under MiCA's passporting rules within weeks.
