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BNB price drops below $600 amid EU MiCA license uncertainty and broader crypto market sell-off

Market News
18 Jun 2026
Coingape
View Source
Bearish
pluang ai news

BNB price has fallen below $600, trading near $575, due to mounting pressure from the EU's upcoming MiCA license deadline on July 1, 2026. Binance faces regulatory uncertainty in Europe, with opposition from ECB President Christine Lagarde and possible rejection of its MiCA application by Greece, which threatens Binance's ability to serve EU clients. This regulatory risk, combined with a broader crypto market sell-off triggered by hawkish Federal Reserve signals and weakening Bitcoin and altcoins, has intensified selling pressure on BNB. Key support levels for BNB are at $550, with potential further declines if this level fails to hold. Recovery above $600 and then $625 is needed for a bullish turnaround.

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