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BNB Plummets Below $860 as Crypto Market Waits for U.S. Jobs Data
BNB (Binance Coin) fell below $860 amid market volatility, as traders await U.S. jobs data to influence Federal Reserve rate decisions. Key technical levels like the 20-day EMA ($844) and 50-day SMA ($794) are critical for BNB's near-term direction. Bitcoin also hit a month-low of $108,100, raising fears of a broader crypto sell-off. Analysts highlight ETF inflows, macroeconomic uncertainty, and the upcoming jobs report as pivotal factors. A 2025 price forecast suggests BNB could reach $1,088.89, while altcoins like Layer Brett ($LBRETT) gain attention. The market remains cautious, with Bitcoin's stability directly impacting altcoin performance. Traders are closely monitoring technical indicators and macroeconomic signals to navigate the fragile crypto crossroads.
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