Cryptocurrency Market Update
The cryptocurrency market experienced a decline on Tuesday, with major altcoins plunging after Bitcoin dipped from $115,800 to $110,280.
According to Coinmarketcap data, the top digital assets suffered significantly, with the CMC20 Index dropping by 5.95% in the past 24 hours.
The global crypto market capitalization also lost 3.90% in that timeframe, reaching $3.74 trillion.
Large-Cap Altcoins: BNB, SOL, and XRP
Binance Coin (BNB) dominated the charts with wild price fluctuations, while Solana (SOL) and Ripple's XRP gained traction after CME Group launched XRP and SOL options.
Notably, BNB dipped by 10%, and SOL tested the $200 mark.
XRP ETF Updates
CME Group's launch of XRP and SOL options has brought these altcoins to investors' attention.
No specific updates on XRP ETFs were provided.
This article explores the latest developments associated with large-cap altcoins Binance Coin, Solana, and Ripple's XRP.
Author's summary: Crypto market declines with BNB, SOL, and XRP updates.