The markets are on fire, and BNB is taking a hit, down over 5% in the last 24 hours to settle at $685.
What's happening?
· 🇺🇦 Russian escalation reaches NATO: a drone crashes in Romania injuring civilians + Medvedev's threats "Europeans won't sleep peacefully"
· 🇮🇷 New US-Iran clashes ramp up tensions
· 💸 Outflows from ETFs exceeded $2 billion
Only BNB?
No, the whole market is bleeding (Bitcoin below 73k, Ethereum below 2k), but BNB is suffering more due to security issues on its network and a higher regulatory risk premium on Binance.
Summary: The Russian-Ukrainian war is the main cause but not the only one. The escalation is scaring investors, who sell everything.
#BNB #CryptoCrash #RussiaUkraineWa
#bn
