Bitcoin News Today: Institutional Inflows Ignite Crypto's Bull Run, ETFs Fuel Record Highs

Bitcoin (BTC) has consolidated near $123,932.31, a new all-time high, driven by institutional inflows and bullish technical patternsBitcoin Consolidates At $124,000 Ethereum, XRP, Dogecoin^[1]. The cryptocurrency's price surge lifted the total crypto market capitalization to over $4.15 trillion, with spot Bitcoin ETFs recording $985.08 million in net inflows on MondayBitcoin Consolidates At $124,000 Ethereum, XRP, Dogecoin^[1]. Analysts note that BTC has broken out of a channel/flag pattern, with critical support levels at $117,000–$118,000 and consolidation between $112,000–$124,000 potentially signaling a shift in momentumBitcoin Consolidates At $124,000 Ethereum, XRP, Dogecoin^[1].

Ethereum (ETH) reached $4,570.83, breaking above $4,500 after a 1,146-day consolidationBitcoin Consolidates At $124,000 Ethereum, XRP, Dogecoin^[1]. The altcoin's rally is supported by institutional buying and network growth, with crypto trader Mags predicting a target of $7,331 if it clears the 1.618 Fibonacci extension levelBitcoin Consolidates At $124,000 Ethereum, XRP, Dogecoin^[1]. Ethereum ETFs added $233.5 million in inflows, reflecting sustained institutional interestBitcoin Consolidates At $124,000 Ethereum, XRP, Dogecoin^[1].

Solana (SOL) climbed to $232.14, with trader Jelle forecasting targets of $500–$600 by year-end following a 1.5-year consolidationBitcoin Consolidates At $124,000 Ethereum, XRP, Dogecoin^[1]. XRP (XRP) traded at $2.99, having broken out of a 7.5-year descending channel and cleared the 50EMA after 5.5 years of resistanceBitcoin Consolidates At $124,000 Ethereum, XRP, Dogecoin^[1]. Analysts suggest XRP's accumulation phase could precede a significant rallyBitcoin Consolidates At $124,000 Ethereum, XRP, Dogecoin^[1]. Dogecoin (DOGE) held at $0.2586, with GalaxyBTC anticipating a potential breakoutBitcoin Consolidates At $124,000 Ethereum, XRP, Dogecoin^[1].

Market dynamics highlight a mix of optimism and caution. Coinglass data indicates 126,157 traders were liquidated in the past 24 hours, totaling $233.33 millionBitcoin Consolidates At $124,000 Ethereum, XRP, Dogecoin^[1]. While Bitcoin's TD Sequential indicator signals a short-term profit-taking phaseBitcoin Consolidates At $124,000 Ethereum, XRP, Dogecoin^[1], Ethereum's 12% weekly gains and Solana's ecosystem growth in DeFi and gaming dApps underscore broader altcoin momentumBitcoin Consolidates At $124,000 Ethereum, XRP, Dogecoin^[1].

Institutional adoption remains a key driver. The U.S. government shutdown and dollar weakness fueled risk-on sentiment, with Bitcoin cashing in on its status as a macro-hedge assetCrypto wrap: Bitcoin hits $124k and ETH rises to …^[2]. ETF inflows and regulatory clarity, particularly for XRP, are seen as catalysts for further price action. Analysts project Ethereum could test $5,000 if macroeconomic tailwinds persistBitcoin Consolidates At $124,000 Ethereum, XRP, Dogecoin^[1], while XRP's potential ETF approvals may unlock billions in institutional capital.

Key levels to monitor include Bitcoin's $124,000 consolidation zone, Ethereum's $4,500–$7,331 trajectory, and XRP's $3.00 psychological thresholdBitcoin Consolidates At $124,000 Ethereum, XRP, Dogecoin^[1]. For Dogecoin, a sustained move above $0.28 could trigger a rally toward $0.78. As the market navigates October-a historically strong month for crypto-investors are advised to balance technical analysis with macroeconomic indicators, including Fed policy and regulatory developments.