1.like 2.repost 3.share 4.complete these task than claim reward #BNB_Market_Update ..bi$BNB {spot}(BNBUSDT) nance Coin (BNB) is currently trading at $653.21, with a 24-hour trading volume of $1.42 billion and a market cap of $102.63 billion. The price has declined by 2.22% in the last 24 hours. ¹
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Last weekend, Bitcoin experienced a sharp rebound after significant volatility. On Thursday (February 5), market panic intensified, causing Bitcoin to plunge over 10%, briefly dropping below $60,000, marking a 15-month low, while Ethereum also fell to around $1,750. This sharp decline was mainly due to substantial withdrawals of institutional funds, over $800 million in leveraged positions being liquidated, and extreme market panic. Then on Friday (February 6), buying pressure returned, and Bitcoin strongly rebounded by about 10%, with prices returning above $70,000. Market analysis generally believes that this rebound is a technical oversold rebound, stemming from buying on dips after the short-term plunge, but the deleveraging pressure that triggered the decline and cautious market sentiment have not completely dissipated, and the market may continue to oscillate.