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The crypto market noticed a dramatic reshuffling on Oct. 7 as BNB overtook XRP to turn out to be the third-largest cryptocurrency by way of market capitalization.
Whereas the previous has a market cap of $6.9 billion, the latter has a market cap of $6.4 billion.
Whereas BNB’s value has soared greater than 25% over the past seven days, XRP’s value has risen lower than 5%. In reality, BNB hit a brand new all-time excessive (ATH) of $1,307.30 on the day.
Associated: What’s Crypto? Cryptocurrency defined
Bitcoin and Ethereum proceed to stay the 2 largest cryptocurrencies, with market caps of $2.48 trillion and $568 billion.
BTC hit a brand new ATH of $126,198.07 on Oct. 6 and was buying and selling at $124,552.74 at press time, up 10% in every week.
ETH, in the meantime, was buying and selling at $4,708.63 at press time, up greater than 13% in every week.
BNB is the native token of the Binance Good Chain (BSC), a blockchain community launched by the world’s largest crypto alternate, Binance.
The Binance Good Chain gives a strong infrastructure the place main decentralized finance (DeFi) platforms are constructed to serve hundreds of thousands of customers.
Binance co-founder Changpeng Zhao “CZ” wrote on X, “Now, it is “I want I purchased _____ early” season.”
Notably, BNB has been hitting new report highs following the tailwind provided by the king coin’s report rally.
The crypto market has been exploding following the U.S. authorities shutdown as merchants appear to be flocking to crypto as a protected haven asset. The entire crypto market cap stood at $4.27 trillion on the time of writing.
This story was initially reported by TheStreet on Oct 7, 2025, the place it first appeared within the MARKETS part. Add TheStreet as a Most popular Supply by clicking right here.
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