Bitcoin Drops After ATH; BNB Cements No. 3 Spot

CN
5 hours ago

On a day when bitcoin ( BTC) and most major altcoins tumbled, BNB once again bucked the trend, emerging as the sole high-cap digital asset to register significant gains. As of the latest market data on Oct. 8, 2025 (5.05 a.m. EST), BNB was trading near $1,320, marking a nearly 3% increase over the last 24 hours.

BNB’s impressive rally has seen its value surge by approximately 30% over the last seven days. This sustained momentum allowed it to achieve a major milestone, flipping tether ( USDT) and XRP to become the third-largest cryptocurrency by market capitalization, behind only BTC and ethereum ( ETH). At the time of writing, BNB’s market capitalization stood at $182.76 billion, a notable lead over its immediate competitors.

Bitcoin Drops After ATH; BNB Cements No. 3 Spot

In sharp contrast, the rest of the market saw widespread profit-taking after a period of intense growth. BTC, which had touched a new all-time high (ATH) of $126,272 just two days earlier, shed over 2% of its value to trade in the $122,000 to $122,500 range. This short-term correction aligns with historical price patterns following new ATHs, though some analysts remain optimistic about BTC setting new milestones in the final quarter of the year.

Losses were notably sharper across the altcoin sector, where a wave of selling pressure dragged many high-cap tokens down by 3% or more. ETH, which had been approaching the $4,800 threshold, retreated to approximately $4,500—marking a 4.2% drop over the past 24 hours.

The pullback came despite strong institutional interest, underscored by significant inflows into ethereum spot exchange-traded funds (ETFs) earlier in the week.

XRP, which slipped to the No. 5 position following BNB’s rally, tumbled 3.5% to $2.87, while DOGE, TRX, and ADA declined by 4.7%, 2.2% and 4.2%, respectively. The trend was similar across the rest of the top 20 digital assets tracked by Coingecko. Overall, the crypto economy—whose total market capitalization nearly breached the $4.4 trillion mark on Oct. 7—was hovering around $4.28 trillion, down approximately 2%.

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