Bitcoin Holds $120,000 As XRP Stays Under $3, Ethereum, Dogecoin Dip

The cryptocurrency market entered the week on a cautious note, with Bitcoin (BTC) holding near $120,000 while Ethereum (ETH) and Dogecoin (DOGE) slipped into mild corrections. XRP (XRP) also continues to trade under pressure, struggling to reclaim the $3.00 level amid fading momentum and cautious sentiment across risk assets.

Bitcoin Stays Strong Amid Market Pullback

Despite minor weakness across altcoins, Bitcoin remains the market’s anchor. As of early Monday, BTC traded at $120,130, down just 0.6% in the last 24 hours, according to CoinMarketCap.

The benchmark cryptocurrency continues to trade within a tight range after briefly touching $122,400 over the weekend. Analysts attribute Bitcoin’s relative strength to ongoing ETF inflows and renewed institutional demand, particularly as global macro uncertainty persists.

“Bitcoin’s holding pattern above $120K shows how much support there is from ETF inflows,” said Rina Kwan, digital asset strategist at Matrixport. “While short-term traders are rotating into altcoins, institutional portfolios are still BTC-heavy.”

Data from Farside Investors shows Bitcoin ETFs recorded another $300 million in weekly inflows, bringing total assets under management to over $84 billion.

Ethereum Slips Below $4,500 as Traders Take Profits

Ethereum (ETH) extended its slight decline, slipping 1.4% over the past day to trade near $4,460. The move follows a week of heavy profit-taking after ETH briefly broke above $4,600 amid speculation surrounding the Grayscale staking activation and a surge in DeFi activity.

On-chain data suggests Ethereum remains strong fundamentally — gas usage and active addresses continue to rise — but traders appear to be rotating out of ETH into newer ecosystem plays such as Solana (SOL) and Mantle (MNT).

“Ethereum remains range-bound,” said analyst Benjamin Cowen. “Until we see decisive strength above $4,800, it’s likely we’ll see further chop or consolidation.”

XRP Fails to Reclaim $3.00 Despite ETF Hype

After an early-month rally, XRP is struggling to sustain bullish momentum. The token is currently priced around $2.84, marking a 1.2% decline over 24 hours.

Traders remain focused on speculation surrounding a possible XRP spot ETF approval in the U.S., but regulatory uncertainty and profit-taking have capped near-term upside.

Still, XRP’s $165 billion market cap keeps it among the top five cryptocurrencies globally. Analysts suggest that a confirmed ETF timeline or fresh Ripple partnership could reignite demand.

“$3 remains the line in the sand for XRP bulls,” said trader Armando LaVerdad. “A breakout above could open a path toward $3.40, while failure may see a retest of $2.60 support.”

Dogecoin Dips as Memecoins Cool Off

Dogecoin (DOGE) fell 2.8% over the past day to $0.242, extending last week’s pullback following its sharp 30% rally in late September. Despite the dip, DOGE remains one of the most actively traded cryptocurrencies on Binance and Coinbase.

The broader memecoin sector — including Shiba Inu (SHIB) and Pepe (PEPE) — also cooled off as traders took profits after weeks of outsized gains. Still, analysts note that DOGE’s “Adam & Eve” pattern remains valid, and a sustained breakout above $0.25 could reignite bullish momentum.

Macro Outlook: Dollar Weakness and Fed Speculation

The crypto market’s mixed performance comes as the U.S. dollar index (DXY) continues to soften amid growing expectations of a Federal Reserve rate cut in November. Meanwhile, traders are bracing for this week’s CPI inflation report, which could influence near-term volatility across both traditional and digital assets.

“Bitcoin’s resilience near $120K is impressive considering the macro backdrop,” said David Lifchitz, CIO of ExoAlpha. “If CPI prints lower than expected, we could see renewed risk-on appetite and fresh inflows into altcoins.”

Market Summary

Bottom Line

Crypto markets are entering the new week in a mixed tone — Bitcoin remains the anchor above $120K, while Ethereum, XRP, and Dogecoin face short-term selling pressure.

With macro data, ETF updates, and Q4 institutional flows on the horizon, traders should brace for volatile but opportunity-rich conditions heading deeper into October.