- Binance Coin falls amid market pressure
- SOL surges past the $200 psychological level today
- Ripple community expects an XRP ETF decision between October 18 and 25
The cryptocurrency market took another hit on Tuesday as major altcoins tumbled following a drop in Bitcoin from an intraday high of $115,800 to $110,280.
Data from CoinMarketCap shows top digital assets were the hardest hit.
The CMC20 index, which tracks the performance of the top twenty cryptocurrencies excluding wrapped versions and stablecoins, fell 5.95% over the past 24 hours.
Meanwhile, total global crypto market capitalization declined 3.90% during the same period to $3.74 trillion.
In this article we examine the latest developments affecting major altcoins Binance Coin, Solana, and Ripple’s XRP.
BNB led the downside moves with sharp price volatility, while other tokens came under pressure following the CME Group’s launch of regulated XRP and SOL options yesterday.
BNB leads the downside
Binance Coin was one of the few large-cap altcoins that showed resilience earlier in the current market turbulence, even touching an all-time high of $1,368 yesterday.
However, the digital asset turned bearish today after a significant 10% drop on the daily timeframe.
BNB is trading around $1,150 with 24-hour volume down 27%, signaling heavy selling pressure.
The token experienced profit-taking after its recent rally and a wave of negative sentiment, as analysts noted operational issues at Binance during the October 10 outage.
Exchange systems were disrupted during the market-wide sell-off.
Some traders saw their portfolios wiped out after failing to exit positions in time to limit losses.
These events shifted community attention from broader geopolitical concerns to questions about Binance’s handling of the outage and liquidity during the crash.
Despite the pullback, BNB retains an overall upward structure after its rise from $615 in June.
The token remains above the psychological $1,000 zone, keeping the door open for further gains into the traditionally positive “Uptober” period.
Solana hits $200
SOL’s 24-hour chart showed the token outperforming in an otherwise volatile market.
Solana surged to a daily high of $210 before cooling off.
At the time of writing, SOL trades near $192 with 24-hour volume up 12%, reflecting renewed buying interest.
Buyers are targeting a sustained break above $200, which could shift Solana’s short-term trajectory toward a bullish trend.
Support at $180 remains important; holding above that level would increase the likelihood of clearing resistance at $212.
A successful breakout could push SOL toward its mid-September peak near $244.
Conversely, failure to hold $180 could trigger a deeper slide toward $165.
XRP ETF decision window approaches
Ripple’s native token remains in focus as the community awaits the SEC’s rulings on pending XRP ETF applications between October 18 and October 25, 2025.
Several issuers, including Grayscale, 21Shares, Bitwise, and CoinShares, are preparing for the critical review period for proposed spot XRP exchange-traded funds.
Approval from the SEC would be a major milestone for the asset, likely increasing institutional exposure and potentially allowing XRP to challenge the institutional demand seen for Bitcoin and Ethereum, the pioneers of spot ETF adoption.
XRP is trading around $2.46 after gains of roughly 15% over the week and 4% in the past day.