$BNB hours ago, BNB price fluctuated between $683.44 and $705.22, with a trading volume of about $1.26 billion USD. BNB's market capitalization is currently at $99.36 billion USD, ranking 5th in the cryptocurrency market.
Technically, BNB has increased by about 3.50% in the past 7 days, outperforming the global cryptocurrency market's 1.60% decline. However, compared to its all-time high of $793.35, the current price is about 11.70% lower.
Fundamentally, BNB is widely used in the Binance ecosystem, including reduced transaction fees and participation in activities on Binance Smart Chain. The continued development of this ecosystem may positively affect the value of BNB in the future.
However, the cryptocurrency market is often volatile, and the price of BNB may be affected by factors such as Bitcoin fluctuations, changes in regulations, and general investor sentiment. Therefore, investors should be cautious and closely monitor market developments before making investment decisions.