BNB suddenly swing between gains and losses in a 24 -hour stretch volatile. The Token fell to a minimum of $ 872 before before gathering at $ 884 and then see an acute investment eliminating those profits.
The initial fall took BNB of around $ 880.50 to a minimum of $ 871.99. From there, the Token organized a return, reaching its maximum point of about $ 884.60 before the sales pressure reduced it to its current level to $ 873.6.
This rebound occurred in a wave of commercial activity, with a volume of increase of almost 60,000 tokens, particularly around $ 876, a level that acted as a key support during the session, according to the technical analysis model of Coindesk Research.
However, things quickly turned to the Token, which fell more than $ 5 in just minutes in a volume peak that coincided with a broader market sale. That fall occurred after the reports that Israel launched an attack on Hamas’ leadership in Qatar.
While the broader cryptographic market fell, the price of gold saw an increase that saw future ones near a new record of $ 3,700 per ounce, while cryptocurrencies backed by gold Paxg and Xaut reached the maximum before going back.
Meanwhile, the Coindesk Data Exchange review report revealed that Binance saw $ 2.63 billion in trades of futures last month, a new monthly record. Together with Bybit and Crypto.com, he was one of the largest exchanges by spot negotiation volume.
BNB can be used to pay the negotiation rates in Binance, allowing users to obtain a 25% negotiation discount on the fees paid. It is also the native token of the BNB chain.
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