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[LIVE] Crypto News Today, October 8 – Why Is Crypto Going Down Today? Bitcoin Fell Below $121K and $500 Million in Longs Liquidated: Best Altcoins to Buy During This Dip?

by Catatonic Times
October 8, 2025
in Bitcoin
Reading Time: 6 mins read
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The crypto market pulled again barely as we speak, with Bitcoin





Bitcoin

Bitcoin
BTC


$121,507.73


2.00%



falling from its current all-time excessive of $126,000 to round $121,200, earlier than stabilizing close to $121,553. The decline triggered widespread liquidations, totaling over $659 million throughout longs and shorts — with $500 million of that wiped from lengthy positions in simply 24 hours and now the query is: the place to search out the most effective altcoins to purchase throughout this dip?

DISCOVER: Plasma (XPL) Crypto: Companions With Belief Pockets, Backside Is In?

Liquidations coinglassLiquidations coinglass
(Supply: Coinglass)

Ethereum





EthereumEthereum

Ethereum
ETH


$4,457.95


4.64%



 additionally slid over 5%, buying and selling beneath $4,500, whereas the general crypto market capitalization dropped by greater than 3% up to now day. Regardless of the selloff, not all cash suffered equally. Amongst high performers,





BNBBNB

BNB
BNB


$1,306.28


3.50%



  jumped 8.8% to $1,356, now buying and selling at $1306.

EXPLORE: Greatest Meme Cash To Purchase

Greatest Altcoins To Purchase? BNB Chain DEX Quantity Surges to $6.05B Amid Meme Coin Increase

In accordance with DeFiLlama, BNB Chain decentralized trade (DEX) buying and selling quantity skyrocketed to $6.05 billion on October 7, marking its second-highest degree of 2025. The surge was fueled by intense on-chain meme coin exercise, with PancakeSwap dominating the scene and dealing with practically $4.29 billion in 24-hour quantity.

As Solana meme cash wrestle, BSC-based initiatives are taking the highlight. Cash like PALU, 4, BROCCOLI, CAT, and GIGGLE all posted double-digit good points during the last day, highlighting the rising momentum within the BNB Chain ecosystem.

In the meantime, USELESS, one of many high 20 Solana meme cash, stood out as a uncommon gainer. The token surged over 35% up to now 24 hours, practically reclaiming prior all-time highs. Chart watchers recommend a doable Wave 3 rally could possibly be forming if momentum holds.

Bitcoin drops below $121K as $500M in longs liquidated; BNB, USELESS, and BSC meme coins emerge as best altcoins to buy.Bitcoin drops below $121K as $500M in longs liquidated; BNB, USELESS, and BSC meme coins emerge as best altcoins to buy.

With Bitcoin cooling from document ranges, this market dip may current alternatives for buyers scanning for the most effective altcoins to purchase earlier than the following leg up.

Observe alongside for the newest crypto information, value motion, and trending altcoins.

There aren’t any reside updates out there but. Please examine again quickly!

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Tags: 121KaltcoinsBitcoinBuycryptoDipFellliquidatedliveLongsMillionNewsOCTOBERToday
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