Binance Coin ($BNB) Crypto Forecast: Down 4.8% Today

What is Binance Coin?

Binance Coin (BNB) is a popular cryptocurrency token used on the Binance exchange for various purposes, including trading fee discounts.

Why is Binance Coin going down?

BNB crypto is down 4.8% on Jan 29, 2026 15:44

• Grayscale seeking approval for a BNB spot ETF may have initially sparked optimism as ETFs are viewed as a way to attract institutional investors.
• BNB is currently in a three-month symmetrical triangle pattern, experiencing a 36% decline from its peak in December, leading to cautiousness or uncertainty among investors about its future performance.
• Market sentiment could be impacted by cryptocurrency market volatility, regulatory concerns, or profit-taking actions by traders after a previous price surge.
• While the potential approval of a BNB spot ETF by Grayscale could trigger a future breakout, the prevailing market sentiment suggests a bearish trend for Binance Coin.

BNB Price Chart

BNB Technical Analysis

BNB News

Grayscale Seeks BNB Spot ETF Approval-Can It Trigger A Breakout?

Grayscale has filed for a spot Binance Coin ( CRYPTO: BNB ) ETF on Thursday as BNB is trapped in a three-month symmetrical triangle after crashing 36% from December's $1,363 peak. The fund will trade on Nasdaq under ticker GBNB and will hold actual BNB tokens to track the price of Binance Coin.

https://www.benzinga.com/crypto/cryptocurrency/26/01/50105828/grayscale-seeks-bnb-spot-etf-approval-can-it-trigger-a-breakout

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Binance Coin Price History

19.10.2025 - BNB Crypto was up 5.0%

• A strong bullish movement was observed in BNB today, potentially influenced by the positive sentiment in the cryptocurrency market.
• The expansion of a tokenized US Treasuries fund to the BNB Chain could have prompted increased interest and investment in BNB.
• Breaking a key resistance trendline and a surge in whale interest signal growing confidence and buying pressure in BNB.
• Amid struggles of top altcoins like Ethereum and Solana to gain, BNB's performance excelled, demonstrating resilience and attractiveness to investors.

29.00.2026 - BNB Crypto was down 4.8%

• Grayscale seeking approval for a BNB spot ETF may have initially sparked optimism as ETFs are viewed as a way to attract institutional investors.
• BNB is currently in a three-month symmetrical triangle pattern, experiencing a 36% decline from its peak in December, leading to cautiousness or uncertainty among investors about its future performance.
• Market sentiment could be impacted by cryptocurrency market volatility, regulatory concerns, or profit-taking actions by traders after a previous price surge.
• While the potential approval of a BNB spot ETF by Grayscale could trigger a future breakout, the prevailing market sentiment suggests a bearish trend for Binance Coin.

15.11.2025 - BNB Crypto was down 3.4%

• BNB experienced a bearish movement as it dipped below $870, in line with the overall risk aversion sentiment in the crypto market due to the Federal Reserve's hawkish rate cut.
• The collaboration between Binance and Trump's crypto platform and the introduction of zero-fee trading pairs for a stablecoin may have caused some uncertainty or mixed reactions among investors, contributing to the bearish trend in BNB's price.
• The combination of negative market sentiment, regulatory concerns, and potential market confusion from the stablecoin links could have led to increased selling pressure on BNB, driving its price downwards.

26.10.2025 - BNB Crypto was up 5.2%

• BNB saw a strong bullish movement possibly due to the positive buzz generated by rumors of Jackie Chan playing Binance co-founder CZ in a Netflix documentary. This news likely sparked interest and excitement in the Binance community, leading to increased buying activity.
• The association of a popular figure like Jackie Chan with the Binance co-founder CZ could have created a sense of credibility and trust in the Binance platform, attracting more investors to BNB.
• The entertainment factor of such news might have brought in new retail investors looking to be part of the excitement surrounding BNB, contributing to the bullish movement of the token.

21.00.2026 - BNB Crypto was down 5.0%

• BNB experienced a bearish movement due to a broader decline in the cryptocurrency market, with a 1% drop as retail interest waned and long positions were wiped out.
• The quarterly burn of 1.37 million BNB tokens by the BNB Foundation helped support the price briefly, but overall profit-taking behavior led to a consolidation above $900.
• Despite positive news of the token burn and on-chain activity driving gains, the market sentiment and profit-taking actions of investors overshadowed the bullish factors, resulting in the bearish movement of BNB.
• The conversion of the NEAR Protocol Trust into a Spot ETF by Grayscale, while unrelated to BNB, may have diverted attention and funds away from BNB, contributing to its bearish movement amidst a challenging market environment.

14.00.2026 - BNB Crypto was up 5.0%

• Derivatives traders are betting on gains for BNB, indicating a positive sentiment in the market.
• The price of BNB is approaching the upper consolidation boundary, signaling a potential breakout from the recent sideways movement.
• The optimistic outlook for BNB's price is driven by the improving sentiment in the derivatives market, which is fueling the bullish momentum for the cryptocurrency.

04.10.2025 - BNB Crypto was down 7.7%

• BNB, XRP, and SOL all experienced a bearish movement amidst a broader cryptocurrency market sell-off, resulting in significant losses.
• Despite a disclosure from Binance founder Changpeng Zhao regarding the purchase of ASTER tokens, BNB did not show a similar upward movement, indicating that overall market trends were more influential than individual developments.
• The competition for market cap dominance between BNB and XRP likely added to the selling pressure on BNB, as traders evaluated their choices within the competitive crypto landscape.
• The prevailing negative market sentiment, sparked by Bitcoin's decline and notable liquidations, probably played a role in BNB's bearish trend despite the occurrence of positive news within the crypto industry.

01.11.2025 - BNB Crypto was down 3.7%

• The bearish movement in BNB today could be attributed to profit-taking by traders after a recent price surge.
• Rumors about a well-known actor playing Binance co-founder CZ in a documentary may have added some speculative pressure on BNB, leading to increased selling.
• The appointment of a new board member to the CEA Industries, which manages a significant treasury of BNB, might have caused uncertainty or speculation about potential changes in BNB's corporate relationships.
• Overall, the combination of profit-taking, speculative rumors, and corporate announcements may have contributed to the bearish movement in BNB today.

14.10.2025 - BNB Crypto was down 6.1%

• BNB saw a notable decline in its price today, dropping by nearly 2% and failing to maintain levels above $1,000, signaling weakening buying interest.
• The reduction in BNB's futures Open Interest (OI) and transaction figures indicates subdued demand from retail and institutional investors, contributing to the prevailing bearish sentiment.
• The forthcoming participation of CEA Industries Inc. in the Cantor Crypto & AI/Energy Infrastructure Conference may have diverted attention away from BNB, potentially exerting negative pressure on its price as market focus shifted elsewhere.
• The overall market sentiment in the cryptocurrency space, in combination with declining demand metrics for BNB, likely precipitated the significant price correction observed today.

08.10.2025 - BNB Crypto was up 5.4%

• BNB saw a significant upward trend in its value today.
• The surge in value is speculated to be linked to Binance founder Changpeng Zhao's recent investment in the decentralized exchange token Aster (ASTER), leading to a 12% increase in its price.
• CZ's influence and investment choices in the crypto sector, such as his ownership of Aster, likely boosted positive sentiment surrounding BNB.
• While other cryptocurrencies like XRP and SOL faced declines due to overall market conditions, the rise in BNB demonstrates how influential figures like CZ can impact specific token movements.

19.10.2025 - BNB Crypto was down 5.1%

• The bearish movement of BNB today could be attributed to profit-taking by traders after a period of bullish momentum.
• The launch of the new Treasury Dashboard by CEA Industries managing BNB's corporate treasury may have influenced market sentiment, but the impact on BNB's price was not as expected.
• Despite the positive news of BlackRock expanding its tokenized fund to the BNB Chain, the overall market sentiment might have overshadowed this development, leading to BNB's bearish movement.
• The resistance trendline in focus for BNB, coupled with whale interest spikes, could have created a scenario where traders were waiting for a breakout, resulting in increased volatility and the bearish movement observed.

19.00.2026 - BNB Crypto was down 3.4%

• The bearish movement in BNB today can be attributed to profit-taking by investors after a period of consolidation and price recovery.
• The completion of the $1.3 billion token burn by the BNB Foundation may have initially driven gains, but as investors locked in profits, the price saw a correction.
• Despite on-chain activity and positive sentiment in the derivatives market, the narrowing interest in BNB and the sideways trading above $900 signaled a lack of strong bullish momentum.
• The quarterly burn of BNB tokens, while a positive event, might not have been sufficient to sustain the bullish momentum in the face of profit-booking pressures.