The crypto market started the day with a decline as the leading cryptocurrency BTC dropped to $25,590 in the morning. This decline caused most altcoins to experience losses throughout the day. Despite the downward trend in the market, BNB briefly saw an increase during the day but recorded a loss of over 1.5% in the past week, trading at around $214.
Current State of the Crypto Market
The leading cryptocurrency Bitcoin (BTC) lost over 1% in the past 24 hours, falling to $25,590 in the morning. The crypto market started the day with a decline due to the loss in BTC.
Moreover, the volatility in the crypto market has been decreasing since the beginning of the week. According to Coinglass data, there have been approximately $45 million worth of short and long position liquidations in the past 24 hours.
The total market value of the crypto industry has dropped to $1.04 trillion, according to CoinMarketCap (CMC). Many high-valued cryptocurrencies have experienced losses since the morning. However, despite the downward trend in the crypto market, BNB has seen a slight increase of 0.15% in the past 24 hours.
BNB Reaches Critical Levels Again
Last Tuesday, BNB experienced a strong rally and reached $230. However, it failed to surpass this level and started to decline again. With the renewed downward trend in the crypto market, BNB has faced losses since the beginning of the week.
After losing over 1.5% in the past week and falling below $225, BNB continued to face losses and dropped below $215. Despite the market decline, BNB saw a low increase of 0.15% in the past 24 hours and started trading at around $214.
