Binance Coin token plunges by 5% per day

Digital asset market analysts at Binance Binance.com/en/square/post/12−11−2024-bnb-drops-below-660-usdt-with-a-4−91-decrease-in-24-hours-17 403 471 846 298">noted: today, December 11, 2024, the price of Binance Coin BNB $716.61 BNB -0.88% Market capitalization $104.54 billion VOL. 24 hours $0.45 billion fell below $ 660. According to Binance Market Data, BNB has lost 4.91% of its value over the past 24 hours.

CoinMarketCap informs that at the time of writing, the digital token is trading at $ 680 with a market capitalization of $ 97.96 million. Traders made daily trading deals worth $ 2.7 million, which is almost 21% less than yesterday.

It is worth noting that just a week ago, the digital token overcame the resistance zone for the first time in six months and set a new historical record. This breakthrough was a turning point for the cryptocurrency, which left the eight-month price range between $ 572 and $ 619.

According to analysts, after a successful breakout to a new all-time high, the price of BNB is still aiming to reach a new psychological milestone of $ 1,000. This could pave the way for parabolic growth in the coming months.