BNB Token Faces 2.25% Price Drop Amid ETF Filing, Robust Market Activity, and Technical Upgrades

BNBUSDT experienced a 2.25% price decrease over the past 24 hours, with the current price at $868.65 and an opening price of $888.63. The decline is largely attributed to short-term bearish sentiment following a failure to hold above key resistance at $890–$895, despite notable developments such as Grayscale’s filing for a spot BNB ETF and new product launches on the BNB Chain. Recent partnerships and technical upgrades, including the launch of Brevis’s Intelligent Privacy Pool and Lista DAO’s expansion, have generated interest but have not offset the current downward pressure. Market activity remains robust, with BNB ranking #4 by market capitalization, a 24-hour trading volume between $597 million and $1.44 billion, and price fluctuations ranging from $876.87 to $893.98, reflecting ongoing volatility in the cryptocurrency sector.