BNB Token Drops 5.3% Amid Surging Trading Volume and Volatility—Market Fear Index Hits 28

BNBUSDT experienced a notable price decline of 5.30% over the past 24 hours, primarily driven by heightened market fear as reflected in a low Fear and Greed Index value of 28 and increased volatility across the broader cryptocurrency sector. The recent downturn was further impacted by a surge in trading volume and liquidations, as well as bearish technical indicators such as negative MACD values and outflows shown by the Chaikin Money Flow.

The current BNBUSDT price is 844.65, with a 24-hour trading volume on Binance of 260.21 million USDT. BNB's market capitalization stands around $114.33 billion, ranking it 4th among cryptocurrencies, and the price fluctuated between 891.92 and 833.08 in the last 24 hours.