BNB Token Sees 2.48% Dip After All-Time High, $117B Market Cap Drives Active Trading

BNBUSDT experienced a 2.48% price decrease over the past 24 hours, with the current price at 851.20 USDT, down from a 24h open of 872.81 USDT. The recent price volatility is attributed to BNB reaching a new all-time high above $880, followed by profit-taking and market adjustments as traders responded to technical resistance levels and broader altcoin momentum amid Bitcoin's declining dominance. Increased trading volume, institutional interest, and ecosystem growth—including a surge in total value locked and ongoing Binance promotions—have supported BNB's market activity, while short-term fluctuations reflect active monitoring of support and resistance around the $850 mark. BNB maintains a market capitalization of approximately $117 billion, with 139 million coins in circulation and 24-hour trading volume near $3 billion.