Traders Eye U.S. Tariffs as BNB Maintains Its Ground

BNB remained steady, trading between $656.83 and $662.61 over the past 24 hours, as traders navigated mixed global economic signals and ongoing regulatory scrutiny of Binance, the exchange linked to the token.

Price volatility was low, around 0.87%, reflecting cautious market sentiment amid new tariff announcements from U.S. President Donald Trump. The tariffs, targeting 14 countries including Japan and South Korea, are set to take effect from August 1, prompting investors to remain cautious.

Although the tariff news caused limited market disruption compared to earlier in the year, uncertainty about global trade relations kept risk appetite muted across equity, currency, and crypto markets.

In Asia, the yen weakened following the announcements, but Japan’s Nikkei index posted modest gains. European markets remained flat, awaiting progress on a potential U.S.-EU trade deal. U.S. futures were stable, supported by positive forecasts for the S&P 500 and expectations of interest-rate cuts and strong corporate earnings.

Technical analysis indicates strong buying support for BNB between $657 and $659, with brief volume spikes helping the token test resistance near $661. Despite some selling pressure, BNB held its ground and made a modest breakout above recent consolidation levels.

The broader crypto market showed resilience, with the CoinDesk 20 (CD20) index rising about 0.5% in the last day.

While optimism about trade talks bolstered markets, crypto investors remain cautious, watching closely for regulatory changes and macroeconomic developments that could impact prices.