BNB Slips Below Support as Broader Crypto Market Reacts to Fed Uncertainty

BNB's price has fallen 2% to $1,073 after failing to maintain support around $1,095, amid a broader selloff in the crypto market triggered by recent Federal Reserve actions. The Fed's decision to cut interest rates by 25 basis points combined with cautious remarks from Chair Jerome Powell has led to over $1.1 billion in liquidations across the market, primarily affecting long positions. Following resistance failures near $1,115, BNB saw intensified selling pressure, reaching an intraday low of $1,081. The overall crypto market dipped 4.7%, reflecting similar patterns seen in other major tokens as traders adjust to central bank policies. For BNB, the immediate outlook suggests resistance around $1,087, with the potential for further declines if selling persists. A recovery above $1,095 could stabilize the downtrend, but if sellers remain active, a retest of $1,081 is likely.

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