BNB drops nearly 3% to as bitcoin whipsaw and tech selloff hit crypto market
BNB slid nearly 3% over the past 24 hours, falling to around $844 as a sharp reversal in bitcoin and renewed weakness in U.S. tech stocks rippled through crypto markets.
The token minutes earlier had risen to $872, but failed to hold gains before selling pressure accelerated, according to CoinDesk Research’s technical analysis data model.
The move marked a shift from recent consolidation. After several sessions of defending the $855–$857 area, BNB broke below that support during U.S. trading hours. Prices briefly bounced toward $860, but sellers quickly regained control, pushing the token to session lows near $843.
The decline unfolded alongside heavy volatility in bitcoin, which briefly surged above $90,000 before tumbling back below…
