The decline appeared technical, rather than tied to BNB-specific negative news, and was accompanied by a wider crypto market downturn.
BNB falls below key support as crypto market cap slips toward $3 trillion
The decline appeared technical, rather than tied to BNB-specific negative news, and was accompanied by a wider crypto market downturn.
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Crypto markets have seen significant profit taking in recent weeks with retail investors playing a bigger role than institutions, the report said.
The company reported a BTC yield of 908%, ranking it among the largest among bitcoin treasury companies.
The $0.150 level is now a critical support point, with further declines likely if it is breached.
Bitcoin and ether traders are betting on low volatility and reduced near-term risks despite resilient dollar index and tepid demand for spot ETFs.