Bitcoin reached a high of 126K before pulling back, BNB has risen to become the third largest Crypto Asset by market capitalization.

Affected by the fall of Oracle, the S&P 500 ended its consecutive 7-day rise. Bitcoin (BTC) fell back after reaching a new high of 126K, while Ether (ETH) also retraced from above 4,700. The crypto market saw up to 588 million USD in positions liquidated within 24 hours. BNB reached a historic new high of 1,345 USD, surpassing XRP and USDT, becoming the third largest crypto asset by market capitalization.

Oracle bone script leads the decline, US stocks end seven consecutive gains

Affected by the fall of Oracle, the S&P 500 Index ended its consecutive 7-day rise. According to The Information, Oracle's cloud business profit margin is far below analysts' current estimates, and the company incurred losses in some transactions renting Nvidia. Oracle's stock price fell by 2.5%, and the Nasdaq Index dropped to its lowest point of the day.

Bitcoin reached a new high of 126K and then fell back, the sentiment index remains greedy.

The crypto market overall fell by 2.39%, with Bitcoin's dominance maintained at 58.1. The fear and greed index continues the optimistic sentiment from yesterday, remaining in the greed range at 62.

After Bitcoin reached an all-time high of 126,199 USD yesterday, it has fallen back, and Ether has also dropped from above 4,700. The crypto market saw up to 588 million USD in positions liquidated within 24 hours, with BTC leading at 156 million USD, followed by ETH at 149 million USD.

BNB surpasses XRP and USDT, becoming the third largest Crypto Assets by market capitalization.

BNB reached a historic high of 1,345 USD last night, making it one of the best performing major Crypto Assets in the second half of this year. Over the past three months, the price of BNB has increased by about 80%.

BNB Chain activities have surged since mid-year, with Binance's global user base, fiat access channels, on-chain wallet integration, and Binance Alpha features all guiding users to utilize BNB Chain applications. Recently, the explosion of Aster perpetual contract exchanges may also provide a trade-centered tactical explosion for activities on that chain.

Pancakeswap has also benefited from the increase in on-chain trading volume on the BNB Chain, with September trading volume approaching 80 billion USD, reaching the highest level since November 2021. This week, Pancakeswap announced the launch of CAKE.PAD, a token issuance platform based on Initial Farm Offering (IFO). Meanwhile, Pancakeswap's CAKE token has risen over 40% since the beginning of this month.

BNB has fallen from last night's high of 1,345, but the 24-hour pump remains as high as 7.15%, with a 7-day pump of 30%.

This article discusses Bitcoin reaching a high of 126K before falling back, and BNB rising to become the third largest crypto asset by market capitalization, first appearing on Chain News ABMedia.