BNB drops nearly 3% to as bitcoin whipsaw and tech selloff hit crypto market
BNB fell nearly 3% to around $844 amid sharp bitcoin volatility and weakness in U.S. tech stocks, signaling a risk-off sentiment.Summary
BNB declined nearly 3% to approximately $844, breaking below the $855–$857 support level after failing to hold gains above $872. This drop coincided with significant volatility in Bitcoin, which briefly surpassed $90,000 before falling back below $86,600, and a selloff in U.S. tech stocks like Nvidia and Broadcom, which dragged the Nasdaq lower, reinforcing a broader risk-off sentiment across risk assets. Technical analysis suggests the breakdown involved forced selling or stop-loss triggers, as volume surged during the price slip. For BNB, the $855 level now acts as resistance, and holding above $840 is crucial to prevent a deeper move toward $830, highlighting how quickly market conditions can shift when macro pressure meets thin year-end trading.
(Source：CoinDesk)