BNB Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
BNB's price has decreased by 4.08% in the last 24 hours to $565.9, marking a continuation of its 7.0% decline over the past week from $606.46. The trading volume for BNB has decreased by 13.0% over the past week, while the circulating supply has increased by 0.26% to 153.86 million, representing 76.93% of its max supply. BNB's current market cap ranking is #4 at $87.53 billion.

April 30, 2024 | 3:00 pm
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NEGATIVE IMPACT
BNB's price has decreased by 4.08% in the last 24 hours, with a 7.0% decline over the past week. The trading volume has decreased by 13.0%, and the circulating supply has increased by 0.26%.
The decrease in BNB's price over both the last 24 hours and the past week, combined with a decrease in trading volume, suggests a negative short-term impact on its price. The increase in circulating supply could further pressure the price downward, despite the coin's high market cap ranking.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100