BNB Down More Than 7% Within 24 hours
Portfolio Pulse from Benzinga Insights
BNB's price has decreased 7.13% over the past 24 hours to $278.77, continuing its downward trend over the past week of -11.0%. Trading volume has increased 175.0% over the past week, and the circulating supply has increased 0.06% to over 157.89 million.
June 06, 2023 | 3:00 pm
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NEGATIVE IMPACT
BNB's price has dropped 7.13% in 24 hours and 11.0% over the past week, with increased trading volume of 175.0%.
The significant decrease in BNB's price over the past 24 hours and week, combined with the increased trading volume, indicates a negative short-term impact on the asset. The downward trend and higher trading volume suggest that investors are selling off their positions, leading to a lower price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100