Binance Coin (BNB) has reclaimed the fourth position by market capitalization, surpassing rival XRP. Bitcoin’s price remained relatively calm around $66,000 following a volatile weekend triggered by geopolitical tensions in the Middle East. Most major altcoins posted minor losses, with Ethereum struggling below the $2,000 level, contributing to a slight decline in the overall crypto market capitalization.
Binance Coin moved ahead of XRP in market cap rankings today. BNB’s market capitalization stood at $84.2 billion against XRP’s $82.5 billion, with BNB trading near $617.
Bitcoin showed relative stability near $66,000 after a weekend of significant volatility. The price had tumbled to a multi-day low of $63,000 as reports emerged later that day that Iran’s Supreme Leader was killed during the attacks, before recovering.
This followed a series of airstrikes involving the US, Israel, and Iran over the weekend. Iran reportedly retaliated against several nations in the region, including the UAE, Qatar, and Bahrain.
Most other major altcoins registered minor daily losses on Monday. Ethereum continued to trade below $2,000, while SOL, DOGE, ADA, BCH, HYPE, and LINK saw declines of 2-3%.
Larger losses were seen in CC and DOT, each down over 4%. The token HTX was a notable gainer, rising more than 3%.
The total cryptocurrency market cap decreased by approximately $30 billion in a day. Data shows the total market value now stands at $2.350 trillion.
