BNB Drops, Adoption Rises: Crypto Market Update
Update: 2025-12-23
Description
BNBs value hovers around $850, down from a recent high of $870, reflecting a broader crypto market dip. Bitcoins price plummeted from $90,000 to $87,000, causing a 2.5% loss in the CoinDesk twenty index. Traders are cautious, with volume spikes indicating defensive moves rather than aggressive bets. However, adoption is on the rise, with Kalshis new deposits and withdrawals for BNB and stablecoins on the BNB Chain. The focus is on consolidation between $850 and $870, with potential for $900 later this year or tougher times if the price falls below $820.
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