{"id":876262,"date":"2025-10-08T22:18:43","date_gmt":"2025-10-09T03:18:43","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/10\/08\/why-is-crypto-down-today-october-8-2025\/"},"modified":"2025-10-08T22:18:43","modified_gmt":"2025-10-09T03:18:43","slug":"why-is-crypto-down-today-october-8-2025","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/10\/08\/why-is-crypto-down-today-october-8-2025\/","title":{"rendered":"Why Is Crypto Down Today? \u2013 October 8, 2025"},"content":{"rendered":"
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\n <\/p>\n

Journalist<\/p>\n

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Sead Fadilpa\u0161i\u0107<\/p>\n

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\n <\/p>\n

Journalist<\/p>\n

\n Sead Fadilpa\u0161i\u0107 <\/span>\n <\/p>\n<\/p><\/div>\n

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About Author<\/p>\n

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served…<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n

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Last updated:\u00a0<\/p>\n

\"Why<\/p>\n

The crypto market is down today, with the cryptocurrency market capitalization falling by 2.2%, now standing at $4.26 trillion. 10 of the top 100 coins have dropped over the past 24 hours. At the same time, the total crypto trading volume is at $240 billion, higher than what we\u2019ve been seeing over the past few days.<\/p>\n

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TLDR:<\/b><\/p>\n

  • The crypto market capitalization is down 2.2% on Wednesday morning (UTC);\n<\/li>\n
  • 90 of the top 100 coins are down, as are 9 of the top 10 coins;\n<\/li>\n
  • BTC fell 1.8% to $121,788, and ETH is down 4.7% to $4,455;\n<\/li>\n
  • \u2019The corrective phase is likely behind us\u2019;\n<\/li>\n
  • \u2019The broader context continues to favour a bullish fourth quarter\u2019;\n<\/li>\n
  • \u2019The key question for investors is not whether to participate, but when risk begins to outweigh reward\u2019;\n<\/li>\n
  • US BTC spot ETFs saw $23.81 million in outflows, while ETH spot ETFs recorded $420.87 million in inflows;\n<\/li>\n
  • S&P Global has launched its S&P Digital Markets 50 Index;\n<\/li>\n
  • Crypto market sentiment exited the greed zone, dropping back into neutral zone.\n<\/li>\n<\/div>\n

    Crypto Winners & Losers<\/span><\/h2>\n

    At the time of writing, 9 of the top 10 coins per market capitalization have seen their prices decrease over the past 24 hours.<\/p>\n

    Bitcoin (BTC)<\/strong><\/a> fell 1.8%, currently trading at $121,788.<\/p>\n

    Ethereum (ETH)<\/strong><\/a> is down by 4.7%, now changing hands at $4,455. This is the second-highest decrease on the list.<\/p>\n

    Binance Coin (BNB)<\/strong><\/a> is the only green coin in the category, having appreciated 4.7% to $1,306.<\/p>\n

    Dogecoin (DOGE)<\/a> <\/strong>dropped the most in the same timeframe: 5.7% to $0.2462.<\/p>\n

    Ethereum\u2019s decrease is followed by Solana (SOL)\u2019s<\/strong><\/a> 4.6% to the price of $220.<\/p>\n

    When it comes to the top 100 coins, 90 have seen drops, the highest of which is Plasma (XPL)<\/strong><\/a>, with 15.7% to $0.8776.<\/p>\n

    World Liberty Financial (WLFI)<\/a><\/strong> is the only other coin with a double-digit drop: 10.3% to $0.1772.<\/p>\n

    On the other hand, PancakeSwap (CAKE)<\/a><\/strong> is up 11%, now trading at $4.35. It\u2019s the only double-digit increase.<\/p>\n

    Meanwhile, S&P Global<\/strong>, the company behind the S&P 500 and Dow Jones Industrial Average, has launched its first hybrid benchmark<\/a> combining cryptocurrencies and crypto-linked equities. The S&P Digital Markets 50 Index will track 50 major components across the crypto economy, including 35 publicly traded companies and 15 cryptocurrencies.<\/p>\n

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    S&P Global is excited to announce plans to expand its S&P Dow Jones Indices crypto index offering with the launch of the\u00a0S&P Digital Markets 50 Index. Dinari, a leading provider of tokenized U.S. public securities has licensed the new index to create a #token<\/a> tracking the\u2026 pic.twitter.com\/AfES0n7AGY<\/a><\/p>\n

    \u2014 S&P Global (@SPGlobal) October 7, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

    \u2018Broader Context Continues to Favour a Bullish Q4\u2019<\/span><\/h2>\n

    Bitfinex<\/strong> analysts noted<\/a> that, following typically weak Septembers, the market often rallies in October, \u201cowing to its strong correlation with traditional finance, the broader liquidity cycle, and options market seasonality.\u201d<\/p>\n

    Notably, seasonality now supports a bullish outlook for BTC, they argue. Historically, the so-called \u201cUptober\u02ee has delivered positive returns in nine of the past eleven years, with average gains of some 21%.<\/p>\n

    Moreover, Q4 has consistently been Bitcoin\u02bcs strongest quarter. Average returns for the quarter near 80%.<\/p>\n

    \n

    \u201cWhile minor corrections remain possible, the broader context continues to favour a bullish fourth quarter. The setup remains favourable: a dovish [US] Federal Reserve, easing inflation, renewed ETF inflows, and stable on-chain support suggest the corrective phase is likely behind us.\u201d<\/p>\n<\/blockquote>\n

    That said, this strength typically spills over to the broader market, the altcoins add, \u201cthough altcoins often exhibit shorter life cycles, making long-term comparisons less consistent.\u201d<\/p>\n

    \u201cAmong major assets, Ether has delivered an average Q4 gain of 22.29 percent since 2016. Together, these trends reinforce the structural tailwinds supporting a stronger close to the year, as cyclical liquidity, institutional inflows, and historical seasonality converge,\u201d they concluded.<\/p>\n

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    As whales slow their selling and ETF inflows keep building, structural support for Bitcoin is strengthening. <\/p>\n

    With benign inflation and a dovish Fed reviving risk appetite, the path toward new ATHs in Q4 looks increasingly clear. pic.twitter.com\/iUeFLHIGJZ<\/a><\/p>\n<\/div>\n

    \u2014 Bitfinex (@bitfinex) October 7, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

    Additionally, Bitunix<\/strong> analysts argued that \u201cthe core logic of this bull cycle has shifted from \u2018fundamentals-driven\u2019 to \u2018liquidity and sentiment-driven\u2019,\u201d adding that the market\u2019s faith in AI and monetary easing is fueling excessive price growth.<\/p>\n

    \u201cThe key question for investors is not whether to participate, but when risk begins to outweigh reward. The peak of this speculative frenzy often marks the prelude to a structural market turning point. For BTC, watch resistance at $126k and support at $100k, and maintain disciplined risk management,\u201d they stated.<\/p>\n

    Levels & Events to Watch Next<\/span><\/h2>\n

    At the time of writing on Wednesday morning, BTC trades at $121,788. Earlier in the day, the coin plunged from the intraday high of $125,108 to the low of $120,702.<\/p>\n

    It\u2019s currently 3.5% away from its latest all-time high of $126,080.<\/p>\n

    If BTC maintains support above $121,700, it could retest $126,200 and move toward $130,000, with $160,000 possible in the coming months. Conversely, it may move below $120,000 and towards $118,000.<\/p>\n

    Bitcoin Price Chart. Source: TradingView<\/figcaption><\/figure>\n

    Ethereum is currently trading at $4,455. Similar to BTC, ETH dropped from the intraday high of $4,753 to the low of $4,427, before recovering to the current price.<\/p>\n

    It\u2019s currently down 10% from its ATH of $4,946 seen a month ago.<\/p>\n

    The price may move above $4,800, aiming for $4,950 and then the $5,000 level. However, if it fails to hold the current level, it could drop to $4,350 and $4,200.<\/p>\n

    Meanwhile, the crypto market sentiment has dropped from the greed zone, where it briefly resided. The crypto fear and greed index fell from 62 yesterday to 57 today<\/a>.<\/p>\n

    The index still shows optimism in the market, but investors are keeping an eye out for additional signals, taking a more cautious stance.<\/p>\n

    Source: CoinMarketCap<\/figcaption><\/figure>\n

    BTC ETFs Go Red, ETH ETFs Stay Green<\/span><\/h3>\n

    The US BTC spot exchange-traded funds (ETFs) have broken the green streak on Tuesday, with $23.81 million<\/a> in outflows.<\/p>\n

    Of the 12 ETFs, one saw inflows, and one saw outflows. While Valkyrie<\/strong> took in $4.81 million, Grayscale said goodbye to $28.62 million.<\/p>\n

    Source: SoSoValue<\/figcaption><\/figure>\n

    However, the US ETH ETFs recorded inflows on 7 October for the 6th<\/sup> consecutive day with $420.87 million<\/a>. The cumulative total net inflow is now over $15 billion, currently standing at $15.02 billion.<\/p>\n

    Three of the nine finds saw positive flows, and one noted negative flows. BlackRock<\/strong> took in $437.51 million, while Fidelity<\/strong> let go of $26.7 million.<\/p>\n

    Source: SoSoValue<\/figcaption><\/figure>\n

    Meanwhile, Dutch crypto firm Amdax<\/strong> has secured 30 million euros ($35M) in its latest funding round to launch a dedicated Bitcoin treasury company<\/a>, Amsterdam Bitcoin Treasury Strategy<\/strong> (AMBTS). Their plan is to accumulate 1% of the total BTC supply.<\/p>\n

    \u201cWe now advance with our bitcoin strategy, offering investors clear access to this distinct asset class,\u201d CEO and AMBTS co-founder Lucas Wensing said.<\/p>\n

    Moreover, Strategy said it ranks fifth<\/a><\/strong> among US corporate treasuries with approximately $80 billion in digital assets.<\/p>\n

    <\/figure>\n

    Quick FAQ<\/span><\/h2>\n
      \n
    1. Why did crypto move with stocks today?<\/strong><\/li>\n<\/ol>\n

      The crypto market has decreased over the past day, as has the stock market on Tuesday. By the closing time on 7 October, the S&P 500<\/strong> was down by 0.38%, the Nasdaq-100<\/strong> decreased by 0.55%, and the Dow Jones Industrial Average<\/strong> fell by 0.2%. This comes after the S&P 500 and the tech Nasdaq hit new intraday highs, and gold surpassed $4,000 an ounce for the first time.<\/p>\n

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      1. Is this dip sustainable?<\/strong><\/li>\n<\/ol>\n

        Pullbacks following rallies are typical and expected. Analysts don\u2019t see a major correction just yet, and the market has more room to grow.<\/p>\n

        \n <\/p>\n
        \n

        You may also like:<\/p>\n

        (LIVE) Crypto News Today: Latest Updates for October 8, 2025<\/p>\n

        \nCrypto market pulled back slightly today with Bitcoin dropping from its all-time high of $126,000 to around $121,200, while Ethereum fell over 5% to trade below $4,500. The overall market declined by more than 3% in the past 24 hours. Among top gainers, BNB jumped 4.8% to $1,278 followed by ZRX (+3.13%) and ZRO (+3.11%). NEAR and IOTA also posted modest gains. On the flip side, W led losses with a 4.48% drop, followed by FLOKI (-2.63%), STX (-2.28%), WLD (-1.17%), and SNX (-1.07%).<\/p>\n

        But what…<\/p>\n<\/p><\/div>\n

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        \n Marquis Pingree<\/p>\n","protected":false},"excerpt":{"rendered":"

        Journalist Sead Fadilpa\u0161i\u0107 Journalist Sead Fadilpa\u0161i\u0107 About Author Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served… Last updated:\u00a0 October 8, 2025 The crypto market is down today, with the cryptocurrency market capitalization falling<\/p>\n","protected":false},"author":1,"featured_media":876263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22791,695],"tags":[],"class_list":{"0":"post-876262","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto","8":"category-today"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/876262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=876262"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/876262\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/876263"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=876262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=876262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=876262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}