Binance Coin Dips Below $1,100 as Investors Seek Growth Opportunities in Digitap

The cryptocurrency market experienced a setback following the October 10 deleveraging event, leading to losses for traders heavily leveraged with Binance Coin. Despite reaching a record high of $1,370, BNB has now dipped below the crucial $1,100 support level and continues its downward trajectory. The decline is attributed to market volatility and investor preference shifting towards promising tokens like Digitap ($TAP). Traders are seeking alternative opportunities with strong fundamentals in the face of a challenging macroeconomic environment.