BNB falls below key support as crypto market cap slips toward $3 trillion

BNB Coin BNB$850.60 dropped over 3% in the past 24 hours, falling to $850, undercutting key support zones and erasing earlier session gains.

The move comes despite a brief technical breakout attempt near $888 and signs of accumulation during overnight trading hours, according to CoinDesk Research’s technical analysis data model.

BNB spent most of the day consolidating between $885 and $888, building a tight range pattern supported by rising lows and increased volume early in the session. A breakout above the $888 technical pivot signaled potential bullish momentum.

But that push failed to hold as trading activity thinned and broader market pressure returned. As the wider crypto market dropped, witjh bitcoin and ether registering 24-hour losses of 2.8% and 3.6%, respectively, BNB dropped as well.

The decline appeared technical rather than tied to any BNB-specific negative news.

The dip has seen the wider cryptocurrency market near the $3 trillion capitalization while 24-hour trading volume saw a major spike to $115.7 billion, according to CoinGecko data.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.