Crypto wrap: BNB dips 10% as SOL tests $200; XRP ETFs updates – Crypto News – Crypto News
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Crypto wrap: BNB dips 10% as SOL tests $200; XRP ETFs updates Crypto wrap: BNB dips 10% as SOL tests $200; XRP ETFs updates

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Crypto wrap: BNB dips 10% as SOL tests $200; XRP ETFs updates – Crypto News

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10 months ago

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  • Binance Coin slides amid market pressure.
  • SOL rallied past $200 psychological mark today.
  • The Ripple community expects XRP ETC decisions between 18 and 25 October.

The cryptocurrency market took another hit on Tuesday as major altcoins plunged after Bitcoin dipped from $115,800 intraday high to $110,280.

Coinmarketcap data shows top digital assets suffered the most.

The CMC20 Index, which tracks the performance of the top twenty cryptocurrencies excluding wrapped versions and stablecoins, dipped by 5.95% in the past 24 hours.

On the other hand, the global crypto market capitalization lost 3.90% in that timeframe to $3.74 trillion.

In this article, we explore the latest developments associated with large-cap altcoins Binance Coin, Solana, and Ripple’s XRP.

BNB dominates trends with its wild price fluctuation, whereas the others gained traction after CME Group launched XRP and SOL options yesterday.

BNB leads the downside

Binance Coin was among the altcoins displaying resilience amidst the current broader market turmoil, even hitting an all-time high of $1,368 yesterday.

However, the digital coin turned bearish today after a substantial 10% dip on the daily timeframe.

BNB is hovering at $1,150, with a 27% dip in 24-hour trading volume signaling immense selling pressure.

The token witnessed profit-taking after the latest rally and negative sentiments, as analysts discovered that Binance could have orchestrated the October 10 flash crash.

The exchange’s systems froze during the market-wide slide, triggering forced liquidations.

Traders witnessed their portfolios drop to zero as they failed to exit to minimize losses.

These developments saw the crypto community shifting the blame from Trump’s 100% tariffs threat to China to Binance’s manipulation.

Nevertheless, BNB exhibits a bullish structure after soaring from $615 in June.

The token eyes further gains in Uptober as it holds above the $1,000 psychological zone.

Solana hits $200

SOL’s 24-hour chart shows a thriving token in an otherwise choppy market.

The digital coin soared to $210 daily peaks before cooling.

Solana is trading at $192, with a 12% uptick in daily trading volume reflecting renewed optimism.

Buyers are targeting a clean break above $200, which can shift SOL’s short-term trajectory to the upside.

Meanwhile, the support barrier at $180 remains crucial.

Holding above its can support breakouts past the resistance at $212.

That might support SOL gains to mid-September highs of $244.

On the other hand, failure to hold $180 might catalyze deeper slides to $165.

XRP ETF decision approaches

Ripple’s native token remains in the spotlight as the community awaits the SEC’s decision on pending ETF applications between 18 October and 25, 2025.

Multiple issuers, including Grayscale, 21Shares, Bitwise, and CoinShares, are bracing for key moments on their XRP exchange-traded funds filings.

An approval from the SEC would be a milestone for the digital assets.

XRP will experience magnified institutional exposure, one that could outperform ETF pioneers Bitcoin and Ethereum.

XRP trades at $2.46 after 15% and 4% in the past week and day.

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