Binance Coin falls due to market pressure. SOL rose above the psychological mark of $200 today. The Ripple community expects a decision on XRP ETC to be made between October 18th and 25th.
The cryptocurrency market took another hit on Tuesday as major altcoins plummeted as Bitcoin fell from an intraday high of $115,800 to $110,280.
Data from Coinmarketcap shows that the top digital assets were the hardest hit.
The CMC20 index, which tracks the performance of the top 20 cryptocurrencies excluding wrapped versions and stablecoins, fell 5.95% in the past 24 hours.
Meanwhile, the market capitalization of the global cryptocurrency market decreased by 3.90% during the period to $3.74 trillion.
In this article, we will explore the latest developments related to the large altcoins Binance Coin, Solana, and Ripple’s XRP.
While BNB is dominating the trend with its wild price movements, other stocks also gained momentum with CME Group’s announcement of XRP and SOL options yesterday.
BNB leads the downside
Binance Coin is one of the altcoins that has shown resilience amidst the current widespread market turmoil, hitting an all-time high of $1,368 yesterday.
However, the digital coin turned bearish today after dropping significantly by 10% on a daily basis.
BNB is trading at $1,150, with a 27% decline in 24-hour trading volume, indicating huge selling pressure.
The token has seen some profit-taking and negative sentiment after recent gains as analysts discovered that Binance may have orchestrated the October 10th flash crash.
The exchange’s systems froze during the market-wide decline, triggering forced liquidations.
Traders failed to exit to minimize losses and saw their portfolios reduced to zero.
In response to these developments, the crypto community shifted the blame from President Trump’s threat of 100% tariffs on China to Binance’s operations.
Nevertheless, BNB is showing bullish structure after surging from $615 in June.
The token eyes will rise further as Uptober is above the $1,000 psychological zone.
Solana hits $200
SOL’s 24-hour chart shows that the token is performing well in a volatile market.
The digital coin soared to a daily high of $210 before cooling off.
Solana is trading at $192, with daily trading volume up 12% reflecting the new optimism.
Buyers are targeting a strong break above $200, which could change SOL’s short-term trajectory to the upside.
Meanwhile, the $180 support barrier remains significant.
A breakout above this could support a breakout above the $212 resistance.
This could support SOL’s rally to mid-September highs of $244.
On the other hand, if the price cannot sustain $180, it could fall further to $165.
XRP ETF decision approach
Ripple’s native token remains in the spotlight as the community awaits the SEC’s decision on the pending ETF application from October 18th to 25th, 2025.
Multiple issuers including Grayscale, 21Shares, Bitwise, and CoinShares are preparing for a key moment regarding XRP exchange-traded fund filings.
Honestly, will the SEC approve the SPOT #XRP ETF this month?
yes or no? pic.twitter.com/EcX1W9lsVv
— JackTheRippler ©️ (@RippleXrpie) October 13, 2025
Approval from the SEC would be a milestone for digital assets.
XRP has the potential to outperform ETF pioneers Bitcoin and Ethereum as institutional investors gain greater exposure.
XRP is trading at $2.46 after going up 15% and 4% over the past week and day.
