- Binance Coin slips amid market pressure.
- SOL rallies past the psychological $200 level today.
- Ripple community anticipates an XRP ETF decision between October 18 and 25.
The cryptocurrency market took another hit on Tuesday as major altcoins fell after Bitcoin dropped from an intraday high of $115,800 to $110,280.
CoinMarketCap data shows the largest digital assets bore the brunt of the sell-off.
The CMC20 index, which tracks the performance of the top twenty cryptocurrencies excluding wrapped tokens and stablecoins, fell 5.95% over the past 24 hours.
Global crypto market capitalization lost 3.90% in the same period, sliding to $3.74 trillion.
In this article, we examine the latest developments affecting major-cap altcoins Binance Coin (BNB), Solana (SOL), and Ripple’s XRP.
BNB led the downward move with volatile price swings, while other tokens gained momentum after CME Group launched regulated options for XRP and SOL yesterday.
BNB leads the downside
Binance Coin was one of the altcoins that had shown resiliency amid broader market turbulence and even reached a fresh all-time high of $1,368 yesterday.
However, the digital asset turned bearish today following a substantial 10% drop on the daily timeframe.
BNB is trading around $1,150, and a 27% decline in 24-hour trading volume signals heavy selling pressure.
The token experienced profit-taking after its recent rally and growing negative sentiment, with analysts noting a potential flash crash on October 10 may have been tied to Binance’s systems.
Exchange infrastructure froze during the market drop, triggering forced liquidations and leaving some traders unable to exit positions to limit losses.
These events prompted parts of the crypto community to shift blame from external threats—such as geopolitical tariff risks—to potential exchange manipulation.
Despite the turmoil, BNB retains a bullish structure after rising from $615 in June. The token aims for further gains during “Uptober” as it holds above the psychological $1,000 zone.
Solana reaches $200
The 24-hour chart for SOL shows a strong performance amid choppy market conditions.
The token spiked to a daily high near $210 before cooling off and is currently trading around $192, supported by a 12% increase in daily trading volume that reflects renewed optimism.
Buyers are targeting a clean breakout above $200, which would likely push SOL’s short-term trajectory higher. Meanwhile, $180 remains an important support level.
Holding above $180 could pave the way for a move through resistance at $212, potentially setting SOL on a path back toward mid-September highs near $244.
Conversely, failure to defend $180 could catalyze a deeper pullback toward $165.
Approaching XRP ETF decision
Ripple’s native token remains in focus as the community awaits the U.S. Securities and Exchange Commission’s ruling on pending spot XRP ETF applications between October 18 and 25, 2025.
Several issuers, including Grayscale, 21Shares, Bitwise, and CoinShares, are preparing for decisive moments in their exchange-traded fund filings for XRP.
Be honest guys, will the SEC approve SPOT #XRP ETFs this month?
YES or NO? pic.twitter.com/EcX1W9lsVv
— JackTheRippler ©️ (@RippleXrpie) October 13, 2025
Approval from the SEC would represent a major milestone for the asset, potentially bringing expanded institutional exposure that could rival earlier spot ETFs for Bitcoin and Ethereum.
XRP is trading around $2.46 after gaining 15% over the week and 4% in the past day.