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BNB Price Holds Ground as Crypto Falls

BNB Price Holds Ground as Crypto Falls

BNB price held above $625 on April 28 as the broader crypto market declined, with Bitcoin down 1.6% and Ethereum at a week low, making BNB one of the few large-cap assets to hold its ground during a day driven by stalled Iran ceasefire negotiations and rising oil prices.

Summary

  • BNB price fought to hold above $625 on April 28 as the total crypto market cap shed over $30 billion, with most large-cap assets in the red.
  • Binance executed its 35th quarterly auto-burn on April 15, permanently removing 2.14 million BNB worth approximately $1.32 billion from circulation, leaving the total supply below 135 million tokens.
  • The first US-listed 2x leveraged BNB ETF, XBNB from Teucrium,…

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