Bitcoin Nears $124K as Ethereum and Solana Rally; XRP Edges Up — October 8, 2025, 9:15 AM IST

Tuesday morning sees a powerful momentum surge with Bitcoin rallying toward its recent all-time high and Ethereum, Solana, and XRP following suit:

• Bitcoin (BTC) inches up 0.31% to US$124,000 on massive volume of US$1.1B (+60.32%). Funding rate steady at 0% signals balanced futures sentiment amid rising spot demand and strong ETF inflows.
• Ethereum (ETH) surges 3.44% to US$4,700, with volume doubling (+105.24%) to US$824.28M. Funding rate stays low at 0.02%, reflecting bullish positioning amid institutional accumulation and ETF excitement.
• Solana (SOL) adds 2.06% to US$233.58, volume up 37.32% to US$275.26M, and funding at 0.44%, fueled by DApp growth and positive market sentiment.
• XRP increases 1.58% to US$2.99 on volume growth of 43.07% to US$223.38M, funding steady at 0.33% amid anticipation for next breakout above $3.

Market Insights

• Institutional demand and ETF inflows drive Bitcoin’s near-record surge, suggesting a potential approach toward $130,000 if momentum sustains.
• Ethereum’s breakout attempts appear supported by growing spot and derivative flows, with volume spikes signaling strong investor interest.
• Solana and XRP sustain upward moves amid healthy trading activity, bolstered by upgrades and renewed optimism ahead of Q4.
• Funding rates remain moderate, helping to prevent excessive leverage risks while supporting a measured advance.

LuwakTech’s real-time analytics empower traders with live volume, funding, and price action insights—essential for navigating high-volatility phases and spotting breakout opportunities in October.