Crypto market plunges $19 billion: How BNB stayed stable above $1,000 amid the crash
The cryptocurrency market experienced a massive shock on Friday, October 10 following President Donald Trump’s announcement of a 100 per cent tariff increase on Chinese imports, coupled with new export controls on critical software. After this market turmoil, on Saturday, BNB traded above $1,130, down 9.6 per cent, in line with the broader market crash that erased $19 billion globally in crypto liquidations over 24 hours. Key market data suggests BNB displayed greater resilience than many rival layer-1 tokens and may be better positioned for an early rebound.
BNB’s price movement
BNB retraced from all-time highs of $1,330 on Monday to a weekly low of $1,043 during Friday’s sell-off, before rebounding to $1,132 at press time….
