BNB Price Drops 6% Amid Inflation Fears and Potential Fed Rate Hikes

BNB's price dropped by about 6% over two sessions due to inflation concerns and potential Federal Reserve rate hikes. The drop pushed BNB from around $757 to near $710, causing a decline in the broader crypto market as well.

BTC fell 2.5%, while ETH dropped 3%. Analysts are keeping an eye on the $700 price level for BNB, which is critical for stabilizing the asset. If BNB holds above this level, it may recover and challenge the $750 resistance; however, a drop below could push it towards $680-$690.

Additionally, Binance announced that it will delist the Pax Dollar (USDP) stablecoin from its platform, ending all related services in stages starting September 11, 2026. The withdrawal access for EEA users will end on November 24, 2026.