BNB Price Plummets Below $1,000 Amidst Broad Crypto Downturn

Binance Coin (BNB) saw a significant drop below the $1,000 mark, extending a multi-day decline as the broader crypto market grapples with mounting macroeconomic pressures and technical weakness. The cryptocurrency’s current market cap sits at $126.3B, reflecting a decrease of 4.95% this week, driven by increased volatility and declining trading volumes. Analysts point to DeFi expansion and rising institutional investment for some of the recent gains in BNB, but its price remains under pressure from the broader bearish sentiment.