In the latest escapade of the crypto market, our old chum BNB has taken a rather unceremonious tumble from its once comfortable perch above the $700 mark. It’s been a day of downward spirals, rather like a dachshund attempting to climb a greased pole.
As the Asian lads and lasses were placing their wagers, BNB was still holding court at a sprightly $710. But then, as the West Coast chappies awoke, down it went like a lead balloon, landing with a thud at $674. A bit of a spot of bother for BNB enthusiasts, one must say.
According to the boffins at CoinMarketCap, BNB has seen a veritable flood of activity in the past couple of days. In just a mere 24 hours, the volume has topped a whopping $5 billion. Rather like a schoolboy’s report card, it’s certainly attention-grabbing, if not entirely for the right reasons.
CoinGlass, that clever little widget, has also noted a rather significant surge in BNB’s perpetual volume. Today, it’s crossed the $2.71 billion mark, while yesterday it was a mere $1.55 billion. A bit like watching a cat chase a laser pointer, isn’t it?
Word on the street is that Binance has been flogging off a sizeable chunk of its Bitcoin and Ethereum reserves. The exchange claims it’s all part of an ‘internal movement for funds management.’ One wonders if that’s the sort of ‘movement’ one gets after a particularly spicy curry. In any case, BNB has taken a bit of a knock since these juicy tidbits started circulating.
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2025-02-13 20:53