#BNB_Market_Update #BNB_Market_Update Price: $655, -4.8% today, -8% in 7 days.
BNB is still under pressure following the Binance hack on October 29, which resulted in $6.34 billion being lost. Although Binance said it recovered 98% of the funds, people are still worried, and $3.64 billion flowed out in just 9 hours on November 1.
But BNB remains strong: it ranks fourth in the market, with a market cap of $91 billion. It's up 40% this year and is only 35% below its peak of $1,370.
Summary:
BNB is currently holding at $650–$653.
If it holds above that level, it will return to $681–$700*, then *$800.
If it breaks below *$650*, it will drop to *$600–$537*, the yearly low.
BNB isn’t a meme coin; it’s the coin of the world’s largest exchange. Those who are patient with it will profit when confidence in Binance returns.$BNB
