BNB Price Rises to $884 Before Market Sell-Off Cuts Gains
BNB experienced significant volatility within 24 hours. Key points include:
- BNB dropped from approximately $880.50 to a low of $871.99.
- The token rebounded to a peak of $884.60 before falling back to $873.6.
- Trading volume surged to nearly 60,000 tokens, particularly around the support level of $876.
- A sharp decline of over $5 occurred amid a broader market sell-off following reports of an attack against Hamas’ leadership in Qatar.
- The overall crypto market fell, while gold futures approached a record high of $3,700 per ounce.
- Binance reported a monthly record of $2.63 trillion in futures trading volume, ranking among the largest exchanges by spot trading volume.
BNB serves as the native token of the BNB Chain and offers users a 25% discount on trading fees on Binance.