BNB traded in a narrow range between $656.83 and $662.61 over the past 24 hours as traders stayed cautious amid mixed global economic signals and ongoing regulatory scrutiny of Binance, the exchange tied to the token.
Price volatility remained low at about 0.87%, reflecting measured market sentiment following new tariff announcements by U.S. President Donald Trump. These tariffs, affecting 14 countries including major Asian partners like Japan and South Korea, are set to take effect from August 1, keeping investors on alert.
Though the tariff news caused less market disruption than earlier this year, uncertainty around global trade relations has kept risk appetite subdued across equities, currencies, and cryptocurrencies.
In Asia, the yen weakened after the announcements, while Japan’s Nikkei index managed slight gains. European markets remained mostly flat, awaiting progress on a possible U.S.-EU trade deal. U.S. futures held steady, supported by optimistic S&P 500 forecasts and expectations for interest-rate cuts and strong corporate earnings.
Technical indicators point to solid buying support for BNB between $657 and $659, with volume surges helping the token briefly break resistance near $661. Despite some selling pressure, BNB maintained its footing and pushed above recent consolidation levels.
The broader crypto market also showed strength, with the CoinDesk 20 (CD20) index rising roughly 0.5% over the past day.
While positive trade developments have lifted market sentiment, crypto investors remain watchful of regulatory updates and macroeconomic shifts that could influence price movements.
