As of October 8, 2025, the global cryptocurrency market capitalization stands at $4.16 trillion, marking a 2.63% decline over the past 24 hours. Bitcoin and Ethereum have slipped after recent highs, while major altcoins display mixed momentum amid profit booking and subdued trading volumes.
Bitcoin is currently trading at $121,773, down 2.19% in the last 24 hours. The price has fluctuated between $121,200 and $123,800, showing indecision among traders after recent strength.
The immediate resistance for BTC is around $123,800-$124,200. A breakout above this zone could open the path toward $125,500-$126,000, while immediate support sits near $121,000, followed by a stronger base at $120,000.
Despite the short-term dip, institutional accumulation through ETF inflows and steady on-chain activity continue to support Bitcoin’s broader bullish structure.
Ethereum is trading at $4,447, down 5.55% in the past 24 hours. The price has ranged between $4,430 and $4,720, signaling consolidation after recent rallies.
A decisive close above $4,500 could lift ETH toward $4,700-$4,800, while a drop below $4,400 might drag it toward $4,300 in a corrective phase.
ETH continues to enjoy strong backing from Layer-2 network growth, staking inflows, and increased developer adoption, but traders are advised to stay alert to volatility as liquidity remains thin ahead of key US inflation data.
BNB is trading at $1,281, up 3.22% in the last 24 hours. The token has traded between $1,160 and $1,290. Support remains near $1,150.
Sustained momentum above $1,300 could lead BNB toward $1,350, backed by strong exchange volumes and new ecosystem integrations.
DOT is currently trading at $4.10, marking a 6.05% decline in the last 24 hours. The token is facing selling pressure after recent volatility, with resistance now seen near $4.25, while support is placed around $3.95.
If market sentiment stabilizes, a recovery toward $4.30-$4.40 could occur, though sustained weakness below $4 might expose DOT to further downside. The project’s ongoing parachain updates and interoperability developments continue to provide long-term strength.
MATIC is currently trading at $0.2358, reflecting a 4.92% decline in the last 24 hours. The token has traded within a range of $0.2300 to $0.2450, showing weakness after recent profit-taking.
Immediate resistance is placed near $0.2450, while support lies around $0.2280. If selling pressure continues, MATIC could retest the $0.22 zone. Renewed demand for zkEVM scaling solutions and ecosystem partnerships could help the token recover toward $0.25-$0.26 in the short term.
XRP is trading at $2.85, down 4.55% in the past 24 hours. The token has moved within a range of $2.80 to $2.96, reflecting continued profit-taking after its recent rally.
Immediate resistance is seen near $2.95, while support lies around $2.75. A break below $2.75 could expose XRP to further downside toward $2.60, whereas a rebound above $2.95 might open the door to $3.10.
Despite the short-term correction, XRP remains in focus due to growing institutional adoption and optimism around cross-border payment expansion and regulatory clarity.
DOGE is trading at $0.2455, down 7.90% in the last 24 hours, as the broader market pullback weighs on memecoins.
Immediate resistance is near $0.2550, while support lies around $0.2380. A drop below this level could push DOGE toward $0.2250, whereas a recovery above $0.2550 might trigger a move toward $0.2650.
Despite the correction, Dogecoin’s long-term appeal remains supported by strong community engagement and ongoing microtransaction use cases in social and payment platforms.
SHIB is trading at $0.00001209, down 5.81% in the past 24 hours. Immediate resistance is located around $0.00001250, while support lies near $0.00001170.
A drop below this level could push SHIB toward $0.00001150, whereas a rebound above $0.00001250 may open room for recovery toward $0.00001300.
Despite short-term weakness, upcoming token burn events, DeFi integrations, and growing community participation continue to support SHIB’s long-term potential.
A 2.63% drop in total market capitalization indicates short-term consolidation after a strong rally last week. Bitcoin’s ability to sustain above $121,000 and Ethereum’s defense of $4,400 will determine near-term market direction.
Altcoins and memecoins show resilience, but traders remain cautious amid declining liquidity and macroeconomic uncertainty.
While the crypto market has entered a cooling phase, fundamentals remain intact. Bitcoin’s long-term uptrend and Ethereum’s ecosystem strength continue to drive confidence. Investors are advised to stay patient and look for buying opportunities on dips, as broader sentiment could recover once macroeconomic clarity improves in mid-October.