BNB Drops 3.44% to $648 Despite Regulatory Wins and $2 Billion Trading Volume Surge

BNB is currently trading at $648.18, reflecting a 24-hour decline of 3.44% from an open of $671.29, with reported trading volumes between $1.3 billion and $2.0 billion and a market capitalization near $95 billion. The recent price decrease is primarily attributed to short-term bearish pressure across the broader altcoin market, as seen in late May 2025, despite positive developments such as the dismissal of the U.S. SEC lawsuit against Binance, the release of Binance’s 30th Proof-of-Reserves, and Binance’s registration as a Virtual Asset Service Provider in Argentina. While these regulatory and operational milestones have reinforced confidence in the Binance ecosystem, prevailing market sentiment and technical resistance near $700 have contributed to BNB’s recent volatility and price correction.