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<p class="is-style-lead"><a href="https://crypto.news/price/bnb/">BNB</a>’s bull run has finally stopped after recording constant gains since early September. </p> 
<p>BNB declined by 9.2% in the past 24 hours and is trading at $236 at the time of writing. The asset’s 24-hour trading volume soared by 60%, reaching $2.55 billion. Data shows that BNB is still the fourth-largest cryptocurrency, with a $35.8 billion market cap.&nbsp;</p> 
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  BNB price – Nov. 22 | Source: Trading View
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<p>The asset did, however, witness a small recovery in the past few hours — after declining to a local low of $225.</p> 
<p> You might also like: <a href="https://crypto.news/binance-ceo-changpeng-zhao-steps-down-with-response-to-the-sec-following-guilty-plea/"> Binance CEO Changpeng Zhao steps down, pleads guilty </a> </p> 
<p>According to a post by Santiment, BNB’s social dominance skyrocketed after Binance CEO Changpeng Zhao <a href="https://crypto.news/wsj-changpeng-zhao-to-step-down-plead-guilty-as-part-of-binance-doj-settlement/">announced to leave the exchange</a> as part of a settlement with the U.S. DoJ.&nbsp;</p> 
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   <p lang="en" dir="ltr">📉 <a href="https://twitter.com/hashtag/BinanceCoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BinanceCoin</a> has understandably been among the <a href="https://twitter.com/hashtag/altcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#altcoins</a> hit the hardest on news of <a href="https://twitter.com/cz_binance?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@cz_binance</a> stepping down as CEO. But if a quick reputation recovery happens for <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#crypto</a>'s #1 exchange, a <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BNB</a> bounce would be likely based on this level of trader <a href="https://twitter.com/hashtag/FUD?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#FUD</a>. <a href="https://t.co/WrA9EfUj7o" target="_blank">https://t.co/WrA9EfUj7o</a> <a href="https://t.co/WxgHbjSOUm" target="_blank">pic.twitter.com/WxgHbjSOUm</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1727125721846587820?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 22, 2023</a>
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<p> Read more: <a href="https://crypto.news/binance-ceo-changpeng-zhao-steps-down-with-response-to-the-sec-following-guilty-plea/"> Binance to remain a top-three exchange until 2026 — Matrixport </a> </p> 
<p>Moreover, according to Santiment, traders are still long on BNB despite the market’s U-turn. However, if short positions increase, a price recovery is expected.&nbsp;</p> 
<p> Read more: <a href="https://crypto.news/u-s-justice-department-to-announce-binance-settlement-later-today/"> U.S. Justice Department to announce Binance settlement later today </a> </p>

BNB plummets 9.2% amidst wider crypto downturn after Binance charges

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