BNB Drops Below $865 as Crypto Market Moves Lower

The price of BNB, the native token of the BNB Chain, dropped 3% in the last 24-hour period to $865 as traders digested the Federal Reserve’s Wednesday rate cut. BNB moved down with the broader CoinDesk 20 (CD20) index, which is lower by 3.4% over the same time frame. The token rose as high of $908.83 Wednesday before reversing sharply. Selling pressure increased as BNB pierced through $870, a key support zone that had held in recent weeks, according to CoinDesk Research's technical analysis data model. T ...