Bitcoin Surges to $120K as Solana and XRP Rally — October 6, 2025, 9:20 AM IST

Monday morning launches a new surge across crypto markets, with Bitcoin racing toward its record highs and Solana, Ethereum, and XRP riding strong momentum:

• Bitcoin (BTC) jumps 1.08% to US$120,000 with volume at US$1.1B. Funding rate remains neutral at 0%, reflecting continued ETF-driven rally and robust spot flows fueling the advance.
• Ethereum (ETH) regains 1.4% at US$4,500 on turnover of US$696.24M, funding rate at 0.02%, marking renewed buying interest from both institutional and retail participants amid ETF inflows and positive sentiment.
• Solana (SOL) adds 2.06% to US$229.02 as volume climbs to US$360.08M (+8.7%), funding rate at 0.44%, spotlighting trader conviction and network strength amid DApp activity and technical breakout potential.
• XRP spikes 1.58% to US$3.028 with volume up 32.1% to US$293.59M, funding rate steady at 0.33%. Recent ETF speculation, technical breakout signals, and strong accumulation have lifted XRP above $3, with $3.10–$4 flagged as next resistance levels by analysts.
• Funding rates across majors stay moderate, with XRP’s slightly elevated rate hinting at growing risk appetite and potential for a sharp altseason rotation.

Market Insights

• Institutional flows and ETF optimism are key drivers behind Bitcoin’s charge toward all-time highs and outperformance versus most altcoins.
• Ethereum stabilizes amid high ETF activity, while Solana and XRP show remarkable resilience and upside setups.
• Volume surges and bullish technical setups point to possible breakouts in Solana and XRP, especially if $3.10 is crossed and network momentum continues.
• Traders are closely watching support levels and volume trends, as any sustained rally could further energize altcoin markets.

LuwakTech analytics give market participants actionable signals on price, volume, and funding — crucial for capitalizing on breakouts and managing risk in October’s fast-moving crypto landscape.