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BNB price drops back to the $850 level

CoinDesk
BNB's price is hovering near $850 after losing over 1.5% amid a broader market pullback affecting Bitcoin and the CD20 index.

Summary

The price of BNB has fallen back to the $850 mark, losing more than 1.5% in the last 24 hours, mirroring Bitcoin's decline from above $90,000 to $87,000. Selling pressure returned after a brief push above $860, contributing to the wider market's caution, as evidenced by the CoinDesk 20 (CD20) index losing 2.5%. Despite the price dip, adoption signals remain positive, with Kalshi adding support for BNB deposits and withdrawals on the BNB Chain. Traders currently anticipate consolidation between $850 and $870; a break above this range could target $900, whereas a drop below $820 suggests deeper losses.

(Source:CoinDesk)