Binance Coin (BNB) Faces Strong Headwinds Amid Crypto Crash

Binance Coin (BNB) has faced significant challenges in the cryptocurrency market, according to a recent report. The coin experienced a 13% drop after breaking through a critical support level during last week’s market crash. The Securities and Exchange Commission’s case against Binance has also had a negative impact on BNB’s price, causing it to lose over 30% of its value in the past year. Additionally, users have reported issues with withdrawing or depositing euros on the Binance platform. These concerns about Binance’s financial health and regulatory obstacles are putting pressure on both the exchange and its native coin.