Binance Coin Price Drops Below $860 Amidst Market Uncertainty

Binance Coin (BNB) experienced a decline on Monday, dropping below the $860 mark after intraday volatility failed to overcome resistance near $868. According to CoinDesk Research, this move follows BNB’s brief peak at $900 last month before losing momentum. Over the past 24 hours, BNB traded between $849.88 and $868.76, with heavy selling pressure observed in the upper range. Despite this price weakness, network activity surged significantly. Daily active wallet addresses on the BNB Chain doubled to 2.5 million, as per DeFiLlama. However, overall transaction volumes have gradually declined since late June, highlighting a disconnect between wallet growth and actual network usage. Traders await crucial economic data releases this week.