Bitcoin Slips Below $123,000, Sentiment Neutral

The total cryptocurrency market capitalization fell to $4.19 trillion on October 8, 2025, down 1.5% in 24 hours. Bitcoin slipped to around $122,000–$123,000, declining over 1%, while major altcoins like Ethereum, Solana, and XRP experienced sharper losses as traders booked profits following recent rallies. Market sentiment remains cautiously optimistic, with the Crypto Fear & Greed Index at 55. Analysts note that short-term profit-taking and volatility continue to influence crypto prices, highlighting the market’s sensitivity to investor behavior and broader trends.