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Crypto prices today are trading in red as Bitcoin price climbed to a historic milestone, briefly surpassing $125,700 for the first time, according to CoinMarketCap data. At the same time, altcoins like Ethereum, XRP, and Dogecoin have seen slight pullbacks amid profit-taking. The mixed market sentiment clearly highlights ongoing macroeconomic influences, such as the US government shutdown.
Sumit Gupta, Co-Founder at CoinDCX, noted, “The bulls have been dominating the crypto markets since the start of the month, as the prices of Bitcoin, Ethereum, and other popular coins have been steadily increasing. After marking new highs at $125,559, the Bitcoin price is consolidating around the gains, while Ethereum trades above $4,500. Market sentiment has coiled up to neutral, indicating a continued upswing over the next few days. The top gainers for the day include Mantle and SPX6900 with over a 5% rise each, followed by Injective and Aptos, which are up by more than 3%. DeXe, however, declined by over 6.5%.”
Let’s see how the crypto prices performed today in detail based on CoinMarketCap data.
Bitcoin price surged to a new all-time high above $125,700 on October 5, 2025, a historic moment as its market capitalization went over $2.5 trillion for the first time ever. Currently trading at $123,783.41, Bitcoin has seen a slight pullback of 1.21% over the past 24 hours, with trading volume reaching $69.7 billion. The leading cryptocurrency maintains its dominant position with 19.92 million BTC in circulation.
Multiple macroeconomic factors contributed to this rally, including the recent US government shutdown, the first since 2018, which has reignited discussions around Bitcoin's role as a store of value.
Ethereum price stands at $4,533.10, down 0.91% in the last 24 hours. The second-largest cryptocurrency by market cap commands a valuation of $547.16 billion, with $41 billion in trading volume.
XRP price is currently at $2.97, declining 1.93% over the past day. BNB shows stability among crypto prices today, trading at $1,180.80 with just a 0.03% decline. Solana sits at $231.28, down 0.92%, maintaining its position as a leading layer-1 blockchain.
Dogecoin price dropped 3.24% to $0.2530, while Cardano (ADA) fell 2.87% to $0.8397. TRON (TRX) shows relative stability at $0.3422 with a minimal 0.04% decline, maintaining a $32.4 billion market cap.
Tether (USDT) at $1 (-0.02%) with a $177.04 billion market cap and $150.08 billion in trading volume. USD Coin (USDC) trades at $0.9996 (-0.02%) with a $75.19 billion market cap.
Also Read: Crypto Prices Today: Bitcoin Price Crosses $120,000; XRP at $3.02, Dogecoin Rises 2.69% to $0.26
DeFiLlama announced the delisting of volume data from Aster, a perpetual trading platform. The decision comes amid data integrity concerns raised by 0xngmi, a pseudonymous co-founder of DeFiLlama.
The platform noted that Aster's perpetual futures trading volume nearly matched Binance's figures, with a correlation ratio approaching one. However, the lack of transparency in lower-level data such as order makers and fillers raised red flags about potential wash trading. Until Aster provides verifiable data, its perpetual volumes will remain delisted from DeFiLlama's analytics.
Stripe CEO Patrick Collison made waves by predicting that stablecoins will force traditional banks to offer competitive interest rates on customer deposits. Collison highlighted that average savings rates in the United States and Europe are below 1%, creating an opportunity for disruption by yield-bearing stablecoin options.
The executive argued that depositors should earn returns closer to market rates on their capital. Thus, criticizing lobbying efforts to restrict rewards associated with stablecoin deposits as ‘consumer-hostile’ and ultimately unsustainable.
Sumit Gupta, Co-Founder at CoinDCX, explained, “Bitcoin supply on exchanges has dropped to a six-year low, hinting at growing optimism among investors. Meanwhile, the US government has officially halted SEC operations, pausing crypto ETF reviews and enforcement actions. This week, the markets are also set to witness seven token unlocks worth a total of $144 million, led by Aptos at around $61.41 million. In another development, DEX scanner DeFi Lama plans to delist Aster’s perpetual volume data over integrity concerns, citing its trading volumes as almost perfectly correlated with Binance.”
He further shared, “Amid this, it’s encouraging to see the recent remarks by Hon’ble Finance Minister, Smt. Nirmala Sitharaman, who referred to stablecoins and highlighted how countries across the world now face two choices — to either explore them or risk exclusion. We believe India should embrace stablecoins, especially considering the country receives over $125 billion in remittances annually. Stablecoins can reduce remittance costs from 6–7% to just 1–3%, potentially saving billions in fees. With one of the strongest fintech ecosystems globally, India has a great opportunity to leverage virtual digital assets and further accelerate its digital revolution.”
Analysts anticipate a renewed accumulation phase that could propel Bitcoin toward $150,000 before year-end. The combination of macroeconomic tailwinds, political uncertainty driving safe-haven demand, and improving regulatory clarity for stablecoins is a bullish signal for long-term crypto growth.
Also Read: Crypto News Today: BNB Hits $1,111 ATH, SWIFT Picks Linea, Ripple Partners UC Berkeley, Stablecoin Market Tops $300B
1. Why did Bitcoin hit a new all-time high this week?
Bitcoin’s new record above $125,700 is driven by multiple macroeconomic factors including political uncertainty in the US, liquidity expansion, and rising institutional interest in digital assets as an inflation hedge and store of value.
2. Why are altcoins like Ethereum and Dogecoin down despite Bitcoin’s surge?
Altcoins often experience temporary declines during Bitcoin-led rallies as traders shift capital into BTC. Once Bitcoin stabilizes, funds typically rotate back into altcoins, triggering renewed growth across the broader crypto market.
3. How significant is Bitcoin’s $2.5 trillion market cap milestone?
Crossing $2.5 trillion marks a psychological and financial milestone, solidifying Bitcoin’s dominance and boosting investor confidence. It also reflects growing institutional participation and mainstream acceptance of digital currencies.
4. What role do stablecoins play in today’s crypto market?
Stablecoins like USDT and USDC provide liquidity, enable quick transfers, and serve as a bridge between fiat and crypto markets. Their consistent value and growing adoption make them critical to the functioning of decentralized finance.
5. What can investors expect next for Bitcoin and the broader market?
Analysts predict an accumulation phase before another breakout possibly pushing Bitcoin toward $150,000 by year-end. Factors like US fiscal instability, improved regulation, and global demand for digital assets support this outlook.
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