BNB retraced from $1,019 to a low of $950 but rebounded and is currently trading slightly higher at the time of writing.  The coin joins the rest of the crypto market in a recent wave of selloffs. As a result, the global cryptocurrency market cap dropped to its lowest level in almost a month. The latest selling sentiment across the market is unsurprising, as a previous analysis noted that the sector is expected to experience significant selling pressure this week.