BNB Prices Plummet Below $750 Amid Crypto Market Sell-Off

BNB fell over 1% in the past 24 hours, briefly dropping below $750, after a wider market sell-off triggered by bitcoin's decline to $112,800. The drop erased optimism fueled by corporate adoption and Binance product rollouts, including a web version of its wallet and bitcoin options writing to all users. BNB's previous rally was driven by breaking through key resistance levels at $759 and $761.

Binance Coin (BNB) experienced a significant price drop, falling over 1% in the past 24 hours to briefly dip below $750. This decline occurred amidst a broader market sell-off triggered by Bitcoin's (BTC) drop to $112,800, which led to $360 million in liquidations [1].

The price drop erased optimism fueled by corporate adoption and Binance product rollouts, including the launch of a web version of its wallet and the opening of Bitcoin options writing to all users. BNB's previous rally was driven by breaking through key resistance levels at $759 and $761, with volume surging 50% above daily averages [2].

Corporate adoption played a significant role in BNB's price action. Companies such as CEA Industries, Liminatus Pharma, Windtree Therapeutics, and Nano Labs announced substantial financial commitments to BNB. CEA Industries unveiled a $1.2 billion BNB-focused fundraising plan, while Liminatus Pharma and Windtree Therapeutics disclosed $500 million and $700 million BNB commitments, respectively. Nano Labs reported purchasing 128,000 BNB for its corporate treasury [2].

The recent market conditions, however, have reversed the positive momentum. BNB's price fell from its local high of $769.70 amid a spike in volume past 49,000 tokens, signaling heavy selling [1]. The drop below $750 indicates a significant loss of confidence in the cryptocurrency, particularly following the broader market sell-off.

References:
[1] https://www.coindesk.com/markets/2025/08/05/bnb-falls-below-usd750-as-crypto-market-sell-off-erases-corporate-fueled-optimism
[2] https://www.coindesk.com/markets/2025/08/04/bnb-tops-usd760-amid-corporate-adoption-and-new-binance-features