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BNB Slips Below $960 as Traders Brace for More Decline

BNB, the native token of the BNB Chain, fell below $960 in the last 24 hours, dropping from gains after facing resistance around $970. During this decline, trading volume surged, indicating significant sell pressure, and triggering a cascade of liquidations. Analysts noted the emergence of a head-and-shoulders pattern, which traditionally signals further potential declines. The token is currently attempting to stabilize around $950, and its next significant movement will likely depend on whether it can regain the $970 level or sink towards support around $900. The trading environment reflects broader bearish sentiment in the crypto market, as evidenced by a 1.6% drop in the CoinDesk 20 index.

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Michael Saylor's MSTR Is Down, but Maybe Not as Cheap as Thought

Michael Saylor's company, MSTR, has seen a significant downturn, dropping 6.6% in one day as Bitcoin fell below $100,000. This brings MSTR’s decline to 30% year-to-date, while a year-over-year comparison shows a 36% drop. Despite the losses in the short term, MSTR’s shares are

Michael Saylor's MSTR Is Down, but Maybe Not as Cheap as Thought

Michael Saylor's MSTR has experienced a significant drop of 6.6% as bitcoin fell back below $100,000, marking a 30% decline year-to-date and 36% year-over-year. The stock is now priced at $210, reflecting levels unseen since the weeks leading to the 2024 presidential election. Despite these declines,

Crypto Selloff: Bitcoin Dumps Under $99K, but Retail Sentiment Flashes Bottom for BTC, ETH, XRP

A recent selloff in the cryptocurrency market has seen Bitcoin drop below $100K for the second time this month, leading to a widespread pessimism among retail traders. Despite this adverse sentiment, indicators suggest a potential short-term market bottom for major cryptocurrencies like Bitcoin, Ethereum, and XRP. Data from Santiment indicates

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