Binance Coin took the lead today by overtaking its rival XRP.
Although the traditional financial markets in Asia and Europe opened this morning and the US futures markets joined in, the BTC price actually remained relatively calm after the weekend’s developments, hovering around $66,000.
Most altcoins are also unexpectedly quiet today, but with slight losses prevailing. Ethereum continues to struggle below $2000.
BTC settles at $66k
After last Wednesday’s rejection of $70,000, the primary cryptocurrency dropped to $67,000 a day later, but found support and entered the weekend at $68,000. However, Saturday began with extreme volatility as the US and Israel launched multiple airstrikes against Iran.
The Middle Eastern country retaliated against several countries in the region, including the United Arab Emirates, Qatar and Bahrain, with BTC falling to a daily low of $63,000. However, later in the day, reports surfaced that Iran’s supreme leader had been killed in the attacks, and bitcoin reversed all losses to hit $68,000 once again.
It failed there and fell to $65,200 on Sunday, and more volatility was expected on Monday morning when futures and some legacy markets opened. However, BTC remained relatively stable and is now around $66,000.
Its market capitalization inches from $1.320 trillion, while its dominance over alts is north of 56%.
BNB Back to 4
After the attacks began, XRP was among the poorest users, allowing BNB to surpass it in terms of cap. The two switched positions again yesterday, but BNB has the upper hand today at $617 and a market cap of $84.2 billion compared to XRP’s $82.5 billion.
Most of the other major alternatives are slightly in the red and ETH is once again missing the $2000 support. SOL, DOGE, ADA, BCH, HYPE and LINK fell by around 2-3%, while CC and DOT fell by more than 4% daily. In contrast, HTX increased by more than 3%.
The total capital of the crypto market fell by about $30 billion in a day and fell to $2.350 trillion in CG.
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