Bitcoin News Today: Bitcoin's "Digital Gold" Resilience Outshines Altcoin Struggles

Bitcoin Maintains $120,000 Threshold as XRP Stays Below $3, Ethereum and Dogecoin Decline

Bitcoin (BTC) held above $120,000 on October 8, 2025, despite a 1.57% decline in the previous 24-hour period, according to historical exchange data Bitcoin (BTC) Price in US Dollar (USD) History for 2025 - Exchange Rates^[1]. The cryptocurrency's 2025 performance has been marked by significant volatility, with prices peaking at $124,765.68 in June and averaging $102,782.65 year-to-date. October's monthly gain of 8.16% contrasted with February's 19.16% drop, reflecting the asset's cyclical nature. Analysts like Dan Tapiero and Michael van de Poppe predict a short-term consolidation phase before BTC resumes its upward trajectory toward $150,000, citing institutional inflows and macroeconomic tailwinds Dogecoin Slips, Ethereum Falls, While BlockDAG’s Nearly $420M^[3].

XRP, the native token of Ripple, remained below $3 as of October 2025, with no significant price movements reported in the provided data. Meanwhile, Ethereum (ETH) fell 7% week-on-week, with liquidations totaling $375 million, the highest among major cryptocurrencies . Dogecoin (DOGE) declined 9.5% to $0.238, exhibiting a "double top" pattern on technical charts that could signal further declines unless buyers push the price above $0.28 .

Bitcoin's resilience has been bolstered by institutional adoption, including $1.19 billion in spot ETF inflows following the record high of $126,198 in November 2024 Dogecoin Slips, Ethereum Falls, While BlockDAG’s Nearly $420M^[3]. The approval of Bitcoin ETFs in early 2024 and subsequent regulatory clarity in the U.S. and Europe have drawn pension funds and sovereign wealth managers into the market. However, on-chain analytics firm CryptoQuant noted that purchase volumes exceeding $25 billion historically precede short-term market corrections Dogecoin Slips, Ethereum Falls, While BlockDAG’s Nearly $420M^[3].

Ethereum's liquidity challenges intensified in October, as Tether injected $1 billion in USDT to stabilize the network. Despite this, ETH's performance lagged behind Bitcoin, with its price-to-BTC ratio weakening amid broader market uncertainty . Dogecoin's sharp drop mirrored broader risk-off sentiment, though its 180% surge in 24-hour trading volume suggested renewed speculative interest .

The altcoin market's struggles highlight Bitcoin's dominance in risk-on environments. While Ethereum and Dogecoin face near-term headwinds, Bitcoin's fixed supply model and growing institutional backing position it as a hedge against fiat devaluation. Analysts like Michael Saylor of MicroStrategy emphasized Bitcoin's role as a "digital gold" asset, with $150,000 as a plausible target by late 2025 Dogecoin Slips, Ethereum Falls, While BlockDAG’s Nearly $420M^[3].