Crypto update: BNB drops 1.3% in midday trading

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BNB (Binance Coin) has experienced a slight decrease in value, with its current price at $694.00 as of 12:02 PM (GMT-5) on Monday, 30 December 2024. This marks a drop of -9.00 or -1.28% from the previous close of $693.71. Despite the decline, Binance Coin maintains a market capitalization of $99.941 billion with a circulating supply of 144.01 million BNB.

BNB’s price performance today

  • Current price: $694.00
  • Previous close: $693.71
  • Price change: -9.00 (-1.28%)
  • 24-hour trading volume: $1.78 billion
  • Market cap: $99.941 billion
  • 52-week range: $287.73 to $793.35
  • Day’s range: $687.13 to $701.22
  • Circulating supply: 144.01 million BNB
  • Max supply: Not specified
  • Volume (24hr) all currencies: $1.78 billion

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BNB’s price has seen a minor fluctuation within the day’s range of $687.13 to $701.22, reflecting the ongoing volatility in the market. Despite the downturn, Binance Coin remains one of the top cryptocurrencies by market capitalization, demonstrating its continued prominence in the digital asset space.

Launched in 2017, BNB has gained considerable traction, largely due to its connection with Binance, one of the world’s largest cryptocurrency exchanges. Over the past 52 weeks, BNB has seen a price range between $287.73 and $793.35, highlighting the fluctuating nature of the crypto market. With a circulating supply of 144.01 million BNB, the coin remains a major player in the decentralized finance (DeFi) sector, especially with its use on the Binance platform for transaction fees, staking, and other utilities.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice.