The gap between BNB and XRP continues to widen after XRP faced another rejection during its recent price attempt. At the same time, Bitcoin dropped below the crucial $80,000 level, adding further pressure across the cryptocurrency market.
Most major altcoins are trading in negative territory today. Solana has fallen by more than 4%, Uniswap is down around 5%, while Internet Computer recorded one of the steepest declines with a 9% drop.
Bitcoin Falls Under $80,000 Again
Bitcoin experienced another volatile trading session this week. Earlier in the week, the leading cryptocurrency dipped to $78,250 before rallying close to $83,000 on Wednesday, marking its highest level in over three months. However, the upward momentum quickly faded, sending BTC back to around $79,500 by Friday.
The asset recovered slightly during the weekend and returned to the $80,000 zone. On Monday, bullish momentum pushed Bitcoin toward $82,500, but strong resistance prevented a breakout. Another failed attempt near $82,000 on Tuesday triggered renewed selling pressure, especially after the release of April’s CPI inflation data.
Bitcoin later climbed to approximately $81,250 yesterday but once again failed to maintain momentum. The rejection drove BTC down to nearly $78,750 on Bitstamp, its lowest price since May 4.
Although Bitcoin has managed to recover roughly $1,000 from the recent low, it remains down by about 1.5% over the past 24 hours. Its market capitalization has dropped to around $1.6 trillion, while Bitcoin dominance over the altcoin market remains above 58%.
BNB Strengthens Position Above XRP
BNB successfully reclaimed the fourth position by market capitalization and has continued to increase its lead over XRP in recent hours.
Over the past month, BNB has gained more than 9%, pushing its market cap above $90.4 billion. In comparison, XRP posted a smaller 4% monthly increase, leaving its market capitalization at roughly $88.5 billion.
Ethereum has also moved lower, declining by about 1.5% to trade near $2,265. Solana remains under heavy pressure after slipping more than 4% and is currently struggling to stay above the $91 mark.
Other major cryptocurrencies including Cardano, Hyperliquid, Zcash, Chainlink, Stellar, Monero, and Uniswap are also recording notable losses. Internet Computer stands out among the biggest losers after plunging more than 9% in a single day.
Overall, the total cryptocurrency market capitalization has lost more than $40 billion within 24 hours and has now fallen below the $2.75 trillion level.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
