And here we go again. The BNB price has decided to take a nosedive, plummeting over 8% in a mere 24 hours, landing at a meager $900. The crypto sell-off is in full swing, and who needs a lifeline when you can just watch everything go down the drain?
- BNB crashed to $900, after a valiant but ultimately unsuccessful attempt to cling to the $1,000 mark.
- The altcoin’s misery is part of a broader crypto market carnage, with Bitcoin barely holding on above $100,000.
- If the sell-off continues, don’t be surprised if BNB slithers all the way to $800 or lower.
It’s Tuesday, and the crypto market has painted everything red. Just a few days into November and the mood is already as grim as an overcast sky. After an underwhelming October, here we are-staring at a full-on panic attack, as every major cryptocurrency gets dragged down, BNB included. From highs of $1,000, it’s now flirting with $910. Sweet, right?
The 8% slip isn’t even the worst part. BNB, which is the token tied to Binance and BNB Chain, has extended its weekly losses to a staggering 19%. Seems like the week’s off to a spectacular start!
BNB Takes a Dive as Bitcoin Plays the Clown
It’s official: the bears are in control, much to the dismay of anyone who thought they’d get a break. Even when BNB flipped to around $920, Bitcoin (BTC) wasn’t doing anyone any favors-struggling at $100,000 like a poor performer at a high school talent show. A 6% dip isn’t exactly the confidence boost the market needs, is it?
Analysts are jumping up and down, pointing out that Bitcoin’s drop below $100,000 is the first time the precious crypto has sunk beneath that psychological level since June. Oh joy. The drama is real.
JUST IN: Bitcoin drops below $100,000 for the first time since June.
Stop selling your coins!!
– Lark Davis (@TheCryptoLark) November 4, 2025
And Ethereum? It’s not much better. The token took a 10% dive in the last 24 hours, sinking below $3,300. Can’t win for losing, can we?
Meanwhile, crypto liquidations have topped $1.3 billion, and the overall outlook is as grim as Wall Street’s. The Nasdaq Composite is down more than 1.6%, the S&P 500’s taking a hit at 1%, and let’s not even talk about the Dow Jones, which lost nearly 300 points. Nothing like a great day in the markets, huh?
BNB Technical Outlook: Things Are Looking Bleak
On the daily chart, BNB’s relative strength index is dangerously close to oversold territory, currently sitting at 32. Don’t worry, bulls, there’s always the hope of a quick rebound-but considering the downtrend, a continued slide is looking more probable. Optimism, anyone?
The moving average convergence divergence (MACD) indicator shows a clear loss of momentum. If BNB falls below $900, brace yourselves for a crash to support levels around $824, possibly even $736. A thrilling ride, isn’t it?
On the bright side (if there is one), a rally above $1,000 is still the bulls’ goal. Keep dreaming, folks!
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2025-11-04 23:59