$BNB
On the night of January 7th to the early morning of January 8th, Bitcoin experienced a sharp decline from its peak of $102,724 to $96,181 due to increased selling pressure.
The drop may be linked to rumors of tensions between U.S. President-elect Donald Trump, a known supporter of cryptocurrencies, and the Federal Reserve (FED), which opposes digital currencies.
Additionally, international investors taking profits after Bitcoin’s significant rally also contributed to this price drop.
Not only Bitcoin, but Binance’s BNB token also fell from $745 to $691, triggering a wave of sell-offs across the entire cryptocurrency market.
By the morning of January 8th, only eight cryptocurrencies on the Binance exchange recorded price increases.