BNB fell to around $850 as traders eye consolidation, with bitcoin also retreating and broader exchange token market caps facing pressure.
BNB dropped 1.7% over the past 24 hours to approximately $849, down from near $870 earlier in the week, amid wider crypto market softness. Bitcoin retreated to around $87,000 and the CoinDesk 20 index fell 2.5%. Briefly surging above $860 on strong volume, BNB was capped by selling pressure. Traders expect near-term consolidation between $850 and $870, with a breakout above potentially targeting $900, while a drop below $820 could signal deeper losses. Despite price weakness, adoption continued, as prediction market Kalshi enabled BNB and stablecoin deposits and withdrawals on BNB Chain.