Bitcoin Back To $123,000 As Ethereum, XRP, Dogecoin Attempt A Bounce

Author: Khyathi Dalal | October 08, 2025 03:16pm

Cryptocurrency markets are climbing as Bitcoin's uptrend resumes, fueled by corporate BTC purchases and increased demand for U.S. spot Bitcoin ETFs.

Cryptocurrency	Ticker	Price
Bitcoin	(CRYPTO: BTC)	$123,519.26
Ethereum	(CRYPTO: ETH)	$4,519.30
Solana	(CRYPTO: SOL)	$227.06
XRP	(CRYPTO: XRP)	$2.90
Dogecoin	(CRYPTO: DOGE)	$0.2583
Shiba Inu	(CRYPTO: SHIB)	$0.00001236

Notable Statistics:

• Coinglass data shows 129,160 traders were liquidated in the past 24 hours for $399.13 million.       
• In the past 24 hours, top gainers include Zcash (CRYPTO: ZEC), Mantle (CRYPTO: MNT) and SPX6900 (CRYPTO: SPX).

Notable Developments:

• Ethereum Is Stuck Below $4,500 Until This Key Indicator Catches Up, Analyst Says
• ‘Asia’s MSTR’ Metaplanet Meets Chart Level That Could Make Or Break It
• ETH And Bit Digital’s BTBT Just Aligned — $5,000 ETH And $5 BTBT Could Be Next
• DOGE And SHIB Are Done — BONK’s Chart Points To A 400% Moonshot
• North Korean Hackers Set A Record With $2 Billion Crypto Heist in 2025: Report
• Bitcoin Rebounds Above $122,000—But For ETH, XRP That May Be Bad News

Trader Notes: Castillo Trading highlighted that Bitcoin is showing a healthy bounce, with dips becoming shallower and increasingly difficult to catch.

This suggests strong momentum and the potential for continued upward movement, even though $120,000 bids remain unfilled.

Trader Tim noted that Bitcoin's recent close was weak, raising caution.

A strong weekly close could alleviate concerns, and altcoins might still catch longs, but for now, warning signs remain.

No top is being called, yet the outlook is not entirely clear.

Satoshi Stacker observed that overly aggressive bearish positions at recent lows triggered short liquidations, which are now fueling Bitcoin's rally.

Daan Crypto Trades commented that Bitcoin is demonstrating strong early October momentum.

Although the month still has a long way to go, Q4 is starting off well.

A gradual pace would help sustain the trend rather than risk an unsustainable spike.

$BTC Still liking October it seems. Initially at least.

Long way to go this month and a lot can happen. But Q4 is starting off quite strong. Ideally it doesn't go too quickly all at once so the trend can actually sustain. https://t.co/JlTGRC49ni pic.twitter.com/1V0hT3nZvq

— Daan Crypto Trades (@DaanCrypto) October 8, 2025

IncomeSharks pointed out that Bitcoin continues to follow the expected pattern, while yesterday's small red candle led to unnecessary bearish posts that didn't reflect the market's true direction.

Read Next:

• Bitcoin To $200,000 In 2025 Is Still In Play, Bitwise’s Matt Hougan Says

Image: Shutterstock

Posted In: $BTC $DOGE $ETH $MNT $SHIB $SOL $SPX $XRP $ZEC