Binance Coin has regained the fourth position by market capitalization after overtaking XRP once again.
Despite Asian and European markets opening earlier today, followed by US futures trading, Bitcoin has remained relatively steady near 66,000 dollars in the aftermath of weekend geopolitical developments.
Most alternative cryptocurrencies are also relatively subdued, although minor losses are more common. Ethereum continues to trade below the 2,000 dollar level.
Bitcoin Holds Steady Near 66,000 Dollars
After being rejected at 70,000 dollars last Wednesday, Bitcoin fell below 67,000 dollars the following day before finding support and entering the weekend around 68,000 dollars. Volatility surged on Saturday when the United States and Israel carried out airstrikes against Iran.
Iran responded with actions across parts of the region, including the UAE, Qatar, and Bahrain. During the escalation, Bitcoin dropped to a multi day low of 63,000 dollars. Later reports claiming that Iran’s Supreme Leader had been killed during the strikes triggered a sharp rebound, pushing BTC back toward 68,000 dollars.
The rally was short lived, with the price slipping to about 65,200 dollars on Sunday. Although heightened volatility was anticipated when futures and traditional markets reopened on Monday, Bitcoin has remained comparatively stable and is currently trading around 66,000 dollars.
Its market capitalization stands slightly above 1.320 trillion dollars, while its dominance over the broader crypto market remains above 56 percent.
BNB Regains the Fourth Spot
XRP was among the weaker performers during the initial escalation, allowing BNB to move ahead in market capitalization. The two assets swapped positions again yesterday, but BNB currently leads with a price near 617 dollars and a market capitalization of approximately 84.2 billion dollars, compared with XRP’s 82.5 billion dollars.
Most large cap altcoins are trading slightly lower. Ethereum has once again slipped under the 2,000 dollar mark. Solana, Dogecoin, Cardano, Bitcoin Cash, HYPE, and Chainlink have declined by roughly 2 to 3 percent, while CC and Polkadot are down more than 4 percent on the day. In contrast, HTX has posted gains of over 3 percent.
The total cryptocurrency market capitalization has decreased by about 30 billion dollars over the past 24 hours and now stands near 2.35 trillion dollars.
