The cryptocurrency market experienced a mild pullback on Wednesday afternoon, October 8, 2025, following a powerful rally that pushed Bitcoin (COIN:BTCUSD) to new record levels. The world’s largest digital asset was changing hands at $122,528, showing little movement over the past 24 hours but up 4.3% for the week, bringing its market capitalization to $2.43 trillion. During the day, Bitcoin traded between $120,702 and $123,191.
Ethereum (COIN:ETHUSD) also mirrored the broader market’s pattern, retreating 2.0% over the last 24 hours to $4,459.20. Despite the short-term dip, Ether is still up 3% over the past week, supported by rising demand for Ether-based ETFs. Trading volume reached $44.5 billion, with a total market value of $536.4 billion. Intraday prices ranged from $4,427.13 to $4,554.25.
Among major altcoins, BNB continued to outperform, sitting at $1,300.95 after a weekly surge of 27.3%. Meanwhile, XRP slipped 0.9% to $2.87, and Solana (SOL) edged 0.7% lower to $222.
In the staking sector, Lido Staked Ether (STETH) and Wrapped stETH (WSTETH) both declined by just over 2%, while Wrapped Bitcoin (WBTC) rose 0.3% to $122,140. Cardano (ADA) and Tron (TRX) posted daily drops of 1.7% and 1.3%, respectively. Avalanche (AVAX) fell 1% to $28.40, whereas Chainlink (LINK) managed a small gain of 0.3% to reach $22.06.
Privacy and infrastructure coins showed notable strength. Monero (XMR) jumped 4.9% in 24 hours to $338.84, and Zcash (ZEC) soared 21.2% to $163.83, extending its impressive 79% rise over the past week.
In the institutional token category, Figure HELOC (FIGR_HELOC) declined 1% on the day and 4.3% over the week, while Bitget Token (BGB) advanced 3.2% in the last 24 hours.
Capital inflows remained strong across the sector. Spot Bitcoin ETFs attracted $876 million in new investments on Tuesday alone, totaling $2 billion over just two days, according to Farside Investors. Ether-based funds also posted $420 million in inflows, marking their highest monthly figure.
Overall liquidity continues to be abundant, as investors take advantage of small pullbacks to expand their positions. The market’s current trajectory points toward increasing institutional participation and decreasing reliance on retail investors.
Guilherme Prado, country manager at Bitget, commented that “Bitcoin’s minor correction today is not unexpected. After several weeks of significant gains, it’s natural for the market to pause and consolidate.” He added that the current environment reflects “a phase of consolidation, not reversal.”
Prado noted that breaking below the $122,000 mark triggered additional liquidations in leveraged positions, while broader economic uncertainty and ongoing regulatory debates in the U.S. contributed to a more cautious tone. “The structural fundamentals remain robust, but volatility is likely to persist in the short term,” he concluded.
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