BNB Falls 6.23% as Binance Cites Technical Error Delaying Withdrawals

BNB fell 6.23% in intraday trading, reaching a low of $678.13 before a later quote stood at $703.55. Bitcoin (BTC) was down 3.25% over the same period, a smaller daily loss.

The low and the later quote describe separate points in the session. Although $703.55 was above $678.13, BNB remained down on the day because its 6.23% figure tracks the broader daily change, not just the move from its low. Bitcoin’s decline was 3.25% over the same period, slightly more than half the BNB loss.

Binance said a technical error delayed withdrawals for some users and that it was working to restore service. Separately, an on-chain analysis estimated related asset outflows could reach as much as $5.6 billion. The two market moves were both negative, with BNB down more than Bitcoin.

In the same-period comparison, BNB remained the weaker of the two assets.