Bitcoin Falls, BNB Steals the Spotlight with New ATH

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The cryptocurrency market lost some steam after reaching its peak level towards the end of last week, with Bitcoin (BTC) retracing under $124,000.

Some of the leading altcoins, however, continue to march forward. Binance Coin (BNB), for instance, tapped a new all-time high price above $1,200.

BTC Takes a Step Back
The primary cryptocurrency made the headlines yesterday (October 5) when its price hit a new historic peak at approximately $125,500. However, the bulls could not hold that level for long, and the valuation retraced to as low as $122,500 shortly after.

In the following hours, there was another resurgence, which pushed BTC above $124,000. As of this writing, the asset trades at around $123,700, representing a 0.8% decline on a daily scale.


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