BNB Token Shows Resilience Amid 2.83% Price Dip and $3B Trading Volume Following Fermi Hard Fork

BNBUSDT experienced a price decrease of 2.83% over the past 24 hours, with the current price at 871.57 USDT and a 24-hour opening price of 896.98 USDT. The decline can be attributed to broad market headwinds impacting major cryptocurrencies, as well as increased long liquidations and a recent dip in futures Open Interest, indicating a shift in retail investor sentiment. Despite the market downturn, BNB's technical developments, including the Fermi hard fork and block production enhancements, continue to strengthen the ecosystem. Trading volume remains robust, exceeding $3 billion in the past day, and the market capitalization is stable around $119 billion, with recent volatility seeing prices range from $867 to $916.