Treasury Auction
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Bitcoin falls below $122,000 after record high
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Bitcoin dropped below $122,000 on October 7, 2025, reversing gains from a recent all-time high above $126,000 amid signs of an overheated crypto rally. Altcoins like Ethereum, Solana, XRP, and Cardano saw steeper declines of 3% to 7%, while the total market capitalization fell by about 2% to 4%. Analysts attributed the pullback to high inflows and a mixed U.S. Treasury auction result.