BNB Slips Sharply as Market Volatility Rises
The BNB price tumbled more than 8% in the past 24 hours, dropping from $1,000 to intraday lows near $900, as a widespread cryptocurrency sell-off intensified. The decline extended BNB’s weekly losses to over 19%, reflecting broader weakness across the market following a disappointing end to October.
The token, which powers both the Binance exchange and BNB Chain, has been under pressure as investor sentiment turns risk-off amid global market uncertainty.
Bitcoin’s Drop Below $100,000 Adds Pressure
The sharp decline in Binance came as Bitcoin slipped below the $100,000 mark for the first time since June, falling over 6% in 24 hours. The move sent shockwaves through the market, sparking over $1.3 billion in liquidations across major exchanges.
JUST IN: Bitcoin drops below $100,000 for the first time since June.
Stop selling your coins!! pic.twitter.com/OuDExmAwA1
— Lark Davis (@TheCryptoLark) November 4, 2025
Meanwhile, Ethereum dropped nearly 10%, trading below $3,300, while other altcoins also faced steep declines. The sell-off coincided with a downturn on Wall Street, where the Nasdaq Composite fell 1.6%, the S&P 500 lost 1%, and the Dow Jones Industrial Average dropped nearly 300 points.
Market analysts point to persistent macroeconomic uncertainty and rising risk aversion as drivers behind the broad decline in crypto assets.
BNB Price Technical Outlook
Technical indicators suggest Binance could face further downside if selling momentum persists. The Relative Strength Index (RSI) has fallen near 32, hovering close to oversold territory. A continuation below this level could see BNB test support zones around $824 and potentially $736.
The MACD indicator also signals weakening momentum, with bearish crossover patterns suggesting that short-term recovery may remain limited.
For bulls, reclaiming the $1,000 mark is crucial to stabilizing sentiment and signaling the potential for a rebound. Until then, traders expect volatility to remain high as the market digests ongoing macro and technical pressures.
