BTC Price Retests $70,000 as BNB Overtakes XRP: Weekend Watch

The battle for fourth position in terms of market capitalization continues, but this time BNB is on top.

Most larger-cap altcoins are also in the green, with ETH trading above $2,100 and SOL near $90. HYPE is one of the few alts currently deeply in the red.

BTC hits $70,000

The previous weekend brought unexpected volatility to the cryptocurrency markets. The largest of the bunch fell from $84,000 to less than $76,000 on Saturday evening and tried to recover to $79,000 on Sunday. However, this was put to an end and the bears regained control for almost the entire business week.

After initiating a series of smaller and less painful leg-downs, they stepped on the accelerator on Thursday, causing another market disaster. In For just over 24 hours, they brought BTC to its knees, pushing it from $77,000 to $60,000 on Friday morning, the lowest price in just over a year.

The cryptocurrency recovered sharply after this huge drop, rising to $72,000 on Friday evening and Saturday morning. It couldn’t go any further and was lowered to $68,000 yesterday. Now, however, it has risen to just over $70,000 after a daily increase of 2.3%.

Its market cap has reclaimed the $1.4 trillion mark, while its dominance over CG alts stands at just under 57%.

BNB changes XRP (again)

ETH was among the worst performers during the crash, falling from $2,400 to $1,730 in a few days. However, it has since regained almost $400 and is now above $2,100. BNB and XRP continue to fight for the fourth spot in terms of market capitalization, but Binance Coin emerged as the winner over the weekend.

Solana’s SOL is near $90, while LTC, LINK, ZEC and XLM have posted gains of up to 4%. In contrast, HYPE has fallen almost 5% to below $32.

The total crypto market cap has added another $80 billion since yesterday and is almost $2.5 billion on CG.