BNB slid by 4.5% in 24 hours, falling from $805 to $766, as global financial conditions pressured the broader crypto market. The decline follows renewed investor caution due to rising U.S. Treasury yields, Trump-era tariffs, and a stronger dollar.
U.S. Economic Policy Sparks Risk-Off Sentiment
The sell-off intensified around the $803 mark, where a sudden 56% surge in trading volume triggered heavy downward momentum. Key support levels at $789 and $777 were breached, with prices finally stabilizing near $767, a level that acted as a temporary buffer.
The Federal Reserve’s hawkish tone, backed by a 2.8% rise in June’s core PCE inflation reading, has erased hopes of a near-term rate cut.
Additionally, the U.S. dollar index climbing above 100 made dollar-denominated assets like crypto less attractive to institutional investors, further fueling the BNB pullback.
BNB Still Attracts Large-Scale Corporate Investment
Despite the bearish trend, BNB continues to draw institutional interest. Multiple publicly listed firms have disclosed plans to build significant BNB treasuries, showcasing growing confidence in its long-term utility.
CEA Industries, linked to Binance’s founding network, plans to raise $1.2 billion for a U.S.-listed BNB treasury.
Similarly, Liminatus Pharma has launched a BNB investment arm with an initial $500 million commitment, aimed at diversifying its blockchain exposure.
Broader Crypto Market Faces Pressure
BNB’s decline mirrors the broader market trend. The CoinDesk 20 index (CD20) dropped 5.8% in the past 24 hours, underlining the market-wide impact of macroeconomic shifts. Other major altcoins also saw sharp losses, reflecting a collective move out of digital assets amid rising geopolitical and economic risk.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.