BNB Drops Below 630 USDT with a 0.83% Decrease in 24 Hours
As of March 26, 2025, BNB (Binance Coin) is trading at $629.51 USD, reflecting a slight decrease of approximately 0.58% from the previous close. The intraday high reached $644.83, while the low touched $629.10.
Historically, BNB has experienced fluctuations around the $630 mark. For instance, on November 25, 2024, BNB dropped below $630 USDT, trading at $629.90, which marked a 4.20% decrease over 24 hours.
Several factors have influenced BNB's price movements:
Decreasing Activity on BNB Chain: A decline in on-chain activity, including a reduction in total value locked (TVL) and decentralized application (DApp) volume, has contributed to downward pressure on BNB's price.
Binance's Market Share: Regulatory challenges have impacted Binance's operations, leading to a decrease in its market share. This has had a corresponding effect on BNB's valuation.
Despite these challenges, BNB has demonstrated resilience. Notably, in December 2024, BNB reached an all-time high of $793, breaking out of a three-year range.
Investors should continue to monitor on-chain activity and Binance's market position, as these factors are likely to influence BNB's price trajectory in the near term.
