BNB extended its decline on Thursday, September 10, bringing its two-session loss to approximately 6% as inflation concerns and expectations of higher interest rates weighed on cryptocurrencies and other risk assets. The token traded around $710 after falling from approximately $757. BNB dropped from about $750 to $719 on September 9, opened the latest session at $722.10, reached a low of $703.89 and was trading at $709.77, down another 1.29%, as of the report. Bitcoin fell around 2.5% and Ethereum lost close to 3%. Fresh U.S. inflation data and concerns that higher oil prices could keep inflation elevated fueled speculation that the Federal Reserve may raise interest rates at its next meeting. Higher rates can reduce demand for riskier assets by making safer alternatives more attractive. BNB had climbed from approximately $600 in mid-August to a recent high near $775 before retreating toward $700. That level could determine whether the pullback stabilizes or extends toward $680 to $690. A recovery would first require BNB to move above $725, followed by resistance around $750, where the recent selling began.