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BNB BNB$902.21, the native token of the BNB Chain, fell 1.2% to $900.9 in the last 24-hour period, underperforming the broader crypto market as measured by the CoinDesk 20 (CD20) index, which dropped 0.6%.
The decline comes as traders rotate into bitcoin and gold over growing geopolitical tensions and rising uncertainty in U.S. monetary policy.
Bitcoin BTC$90,676.34, the largest cryptocurrency, traded little changed over the period even as investors are seemingly moved away from riskier assets as global headlines focused on a violent crackdown on protests in Iran, which prompted U.S. President Donald Trump to say he is weighing a strong response that could include military action.
On top of that, Federal Reserve Chair Jerome Powell said in a statement that the Trump administration has threatened him with a criminal indictment over the renovations at the central bank’s headquarters.
Taken together these have led to a sharp drop in the value of the U.S. dollar and a major boost in gold, with the precious metal nearing $4,600 as a result.
BNB's price action shows signs of indecision. After facing resistance near $914, the token slipped into a tight trading range around $900–$905. A volume spike confirmed bearish momentum even though selling pressure has been fading over time, according to CoinDesk Research's technical analysis data model.
Technical resistance at $900 held firm, suggesting recovery may be near.
Investors are also eyeing macro data and ecosystem developments. U.S. inflation figures are later Monday, and the BNB Chain's Fermi upgrade, aimed at cutting block times by 40%, is scheduled for Jan. 14 UTC.
“The BNB ecosystem is balancing two major narratives: near-term volatility driven by macroeconomic factors, and long-erm credibility built on uncompromising infrastructure and institutional adoption,” Jake Seltzer, a venture partner at Quantix Capital, told CoinDesk.
“The Fermi hard fork will materially improve the network and growing BNB product launches are keeping institutional optionality alive,” he added.
Those growing BNB product launches now include Grayscale’s recent filing for a BNB exchange-traded fund (ETF) made earlier this month.
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