Bitcoin falls below $122,000 after record high

October 08, 2025 Ti AI ṣe iroyin Àwòrán tí AI ṣe

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.