Crypto Price Analysis 10-7: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, TONCOIN: TON, ARBITRUM: ARB

The cryptocurrency market remains bullish with Bitcoin (BTC) surging to another all-time high just a day after it broke past the $125,000 ceiling. The flagship cryptocurrency crossed $125,000 on Sunday, reaching $125,559 before settling at $123,520. However, bullish sentiment persisted on Monday as BTC shattered the $126,000 ceiling and set a new all-time high of $126,296 before settling at $124,720. BTC is marginally down during the ongoing session, trading around $124,207. 

Other cryptocurrencies rallied, with Ethereum (ETH) crossing the $4,700 mark and reaching an intraday high of $4,735 before reaching its current level. The altcoin is up over 2% in the past 24 hours, and 12% over the past week. Meanwhile, Ripple (XRP) is down nearly 1%, trading around $2.97, while Solana (SOL) is down over 1%, trading around $230. Dogecoin (DOGE) is up 1%, while Cardano (ADA) is up 0.60%, and Chainlink (LINK) is up almost 3%, trading around $22.72. Stellar (XLM), Litecoin (LTC), and Toncoin (TON) are also trading in the red. However, Hedera (HBAR) and Polkadot (DOT) are trading in positive territory. 

Bitcoin Reserve Funding Could Start Anytime 

Senator Cynthia Lummis has stated that acquiring funds for a US strategic Bitcoin reserve could begin anytime, even though legislative red tape created hindrances. Lummis said that while it remained a “slog” on the legislative side of things, the acquisition of funds for the Bitcoin reserve could begin at any time, thanks to President Trump. 

“This is a fabulous articulation of why the SBR and passing the BITCOIN Act make so much sense. Legislating is a slog, and we continue to work toward passage, but thanks to President Trump, the acquisition of funds for an SBR can start anytime.”

Lummis was responding to a post by ProCap BTC CIO Jeff Park, who posted a clip of himself and Anthony Pompliano discussing a strategic Bitcoin reserve. Park was discussing the implications if the government used its $1 trillion worth of paper gains from gold and reinvested it into BTC. Park argued that with the government’s staggering fiscal debt, utilizing $1 trillion in paper gains was a relatively minor risk. 

“And so if there’s a way to unlock the ability to build leverage on the paper gains of gold to take a call option on Bitcoin. There’s something incredible here that could happen… If you own Bitcoin, and you assume that it’s going to go up by 12% a year, you’ll make a 30x in 30 years. It’s actually going to be able to cover most of the fiscal deficit hole that exists.”

Not Too Late To Get Into Crypto 

Pantera Capital general partner Cosmo Jiang believes investors who missed out on the cryptocurrency wave can still get into crypto. Jiang stated that most investors are on the fence and have no exposure to digital assets. 

“There’s a Bank of America survey from a few weeks ago that showed more than 60% of investors still own 0% exposure to digital assets. That’s quite a lot. And so the idea that digital assets are too late in the game isn’t true if most people don’t own them.”

According to the National Cryptocurrency Association’s 2025 state of crypto report, only one in five American adults owns cryptocurrency. Meanwhile, the United Arab Emirates leads countries in crypto adoption, although only 23.7% of the population holds crypto. 

EU Considering Sanctions On Ruble-Backed Stablecoin 

The European Union is reportedly considering imposing sanctions against A7A5, a ruble-backed stablecoin which is the world’s largest non-US-dollar pegged stablecoin. The sanctions will prevent EU-based organizations and individuals from interacting directly or indirectly with the token. Several banks in Russia, Belarus, and Central Asia could be sanctioned after being accused of enabling sanctioned entities to conduct crypto-related transactions. 

The EU also imposed sanctions on crypto platforms on September 19, blocking all transactions for Russian nationals and restricting dealings with foreign banks tied to the country’s sector. 

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) soared to a new all-time high late on Monday as it broke above $126,000 and reached $126,296 before settling at $124,720. The flagship cryptocurrency has been very bullish over the past few sessions, driven by the US government shutdown, growing institutional interest, and surging ETF inflows. ‘Uptober’ optimism has also boosted investor sentiment, with BTC up over 10% over the past seven days. BTC crossed $125,000 on Sunday, reaching an all-time high of $125,559. Bullish sentiment persisted on Monday as BTC shattered the $126,000 ceiling and set a new all-time high before retreating. 

Joel Kruger, analyst at LMAX Group, noted last month that BTC could get a seasonality boost in October because it has been one of BTC’s best-performing months. The flagship cryptocurrency has averaged a 22% increase in October since 2013. November has registered even bigger gains, averaging 46% in the same period. Edul Patel, co-founder and CEO of Mudrex, stated, 

“Bitcoin continues its momentum, creating a fresh all-time high of $126,198. The broader market is also showing similar strength, with Ethereum reclaiming the $4700 mark and BNB hitting an all-time high above $1200. While institutional inflows continue at record levels, macro cues take center stage as markets anticipate supportive signals from the Fed. A dovish tone in the September FOMC minutes and softer US jobless claims could extend Bitcoin’s rally towards $129,000.”

BTC’s new all-time high has lifted shares of crypto treasury companies and Bitcoin miners, with most ending the day with double-digit gains. Argo Blockchain was the biggest gainer among crypto miners, rising 96% on the London Stock Exchange. Worldcoin buying firm Eightco rallied over 34% to close above $11. The gains among Bitcoin-focused and crypto companies come amid a wider market rally, with BTC, ETH, SOL, and other tokens surging. 

Shares in US crypto mining companies also rallied, with HIVE Digital Technologies (HIVE) rising over 25% over the course of the day. The rally continued during after-hours trading as well, with the shares rising another 11%. Bitfarms (BITF) and IREN (IREN) also posted substantial gains. Riot Platforms (RIOT) rose 10.9%, while MARA Holdings (MARA) rose over 9% to $20.57. However, shares in Bitcoin treasury companies were mixed. New York-listed Hong Kong-based Bitcoin treasury firm DDC Enterprise (DDC) registered gains of 22%, while Strategy (MSTR) recorded an increase of 2.2%. However, Bitcoin treasuries GD Culture Group (GDC) fell 4.2%, while Strive (ASST) dropped 2.7%. 

BTC started the previous weekend with a marginal drop on Saturday before rising over 2% on Sunday and settling at $112,197. Buyers retained control on Monday as the price rose almost 2% to cross $114,000 and settle at $114,365. Despite the positive sentiment, BTC fell to a low of $112,695 on Tuesday. However, it recovered from this level to settle at $114,067, ultimately registering a marginal decline. Bullish sentiment returned on Wednesday as BTC rallied, rising over 4% to cross $118,000 and settle at $118,659. Buyers retained control on Thursday as the price rose 1.65% to reclaim $120,000 and settle at $120,621.

Source: TradingView

Bullish sentiment persisted on Friday despite volatility and selling pressure. As a result, BTC reached an intraday high of $123,996 before settling at $122,318. Buyers retained control on Saturday as the price registered a marginal increase and settled at $122,458. Bullish sentiment intensified on Saturday as BTC rallied, surging past $125,000 to a new all-time high of $125,559. However, it could not stay at this level and ultimately settled at $123,520. BTC surged to a new all-time high on Monday, crossing $126,000 to reach $126,296 before settling at $124,720. BTC is marginally down during the ongoing session, trading around $124,496.

Ethereum (ETH) Price Analysis

Ethereum (ETH) registered a strong rally on Monday, crossing $4,700 and reaching an intraday high of $4,738 before settling at $4,687. The altcoin has reclaimed $4,700 during the ongoing session and is trading around $4,702. The push above $4,700 is part of a broader “Uptober” rally, which has seen ETH gain nearly 13% over the past week. As a result, momentum around ETH has registered a sharp increase, with its market cap crossing $567 billion.

The rally has also been supported by rising inflows into the US spot Ethereum ETF. Ethereum ETFs are on a multi-day streak of gains, recording $177 million in inflows during the latest trading session, bringing the cumulative total over the past six days to $1.47 billion.

ETH’s previous rally saw the world’s second-largest altcoin climb to $4,900, fueling speculation about a move to $5,000 and beyond. However, momentum waned thanks to profit-taking, and the price fell below $4,000 in September. ETH attempted to consolidate and build momentum in September, with the latest rally putting the bulls firmly in charge. ETH’s rally is also being supported by improving technical signals. The altcoin has broken out of its short-term descending channel on the daily chart and is forming a new ascending structure. If ETH sustains its momentum, it means buyers have regained control. The RSI is at 62, while the MACD indicates strong bullish sentiment.

However, ETH must close above the $4,700 resistance. A decisive close above this level could propel the price towards $5,000, which is also the upper boundary of the new ascending channel.

ETH started the previous weekend in the red, registering a marginal decline on Saturday. Price action turned bullish on Sunday as ETH rose over 3% and settled at $4,144. Buyers retained control on Monday as the price rose nearly 2% and settled at $4,217. Despite the positive sentiment, ETH was back in the red on Tuesday, dropping almost 2% to $4,145. Bullish sentiment returned on Wednesday as the price rose 4.92% to cross $4,300 and settle at $4,349.

Source: TradingView

Buyers retained control on Thursday as ETH rose over 3% to $4,486. The price faced volatility on Friday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as ETH rose $0.56% to reclaim $4,500 and settle at $4,512. Price action was mixed over the weekend, falling 0.54% on Saturday. It reached an intraday high of $4,616 on Sunday as bullish sentiment intensified. However, it could not stay at this level and settled at $4,515, ultimately rising 0.62%. ETH continued rising on Monday, reaching an intraday high of $4,738 before settling at $4,687. The price is marginally up during the ongoing session, trading around $4,709. 

Solana (SOL) Price Analysis 

Solana (SOL) is down over 1% during the ongoing session, trading around $230. The altcoin lost momentum on Friday, dropping 0.86% before falling over 2% on Saturday and settling at $227. The price recovered on Sunday, reaching an intraday high of $237 before settling at $228. Buyers retained control on Monday as SOL rose nearly 2% to $232. 

While SOL has shown signs of weakness at upper levels, analysts believe $250 remains a realistic target provided surging dApp revenue can revive momentum. The altcoin recently broke its pattern of higher lows, indicating the first notable weakening of its recent bullish trend. However, the altcoin remains within its broader ascending channel, and recent retests of its lower boundary suggest buyers are defending the uptrend. SOL is likely targeting the upper boundary of its ascending channel, currently between $250 and $255. The upper boundary has acted as a dynamic resistance level and could act as a near-term target if bullish sentiment persists. 

ETF inflows have also driven SOL’s uptrend. According to data from CoinShares, SOL registered a staggering $707 million in weekly inflows, marking its strongest week to date, and taking its year-to-date total to $2.58 billion. 

Matt Hougan, Chief Investment Officer at Bitwise, believes Solana will be Wall Street's network of choice for stablecoins and real-world asset tokenization. Hougan argued that the network’s speed and finality make it a better option despite Ethereum’s dominance. 

“I think Solana is the new Wall Street. They can see what is happening in the stablecoin and tokenization space, and they know that it is going to be enormously significant. Really important people are saying that stablecoins will reinvent payments and tokenization will reinvent stock, bond, commodity, and real estate markets.”

SOL started the previous weekend in the red, registering a drop of almost 1%. However, it recovered on Sunday, rising 3.58% to settle at $210. Buyers retained control on Monday despite selling pressure as SOL rose 0.92% to $212. Despite the positive sentiment, SOL lost momentum on Tuesday, dropping over 2% to a low of $204, before settling at $208. Bullish sentiment returned on Wednesday as the price rallied, rising over 6% to reclaim $220 and settle at $222.

Source: TradingView

Buyers retained control on Thursday as SOL rose nearly 6% to cross $230 and settled at $234. However, it lost momentum on Friday, dropping 0.86% to $232. Sellers retained control on Saturday as the price fell by over 2% and settled at $227. SOL reached an intraday high of $237 on Sunday as markets rallied. However, it could not stay at this level and settled at $228, ultimately rising 0.35%. Buyers retained control on Monday as SOL reached an intraday high of $237 before settling at $232. The price is down over 1% during the ongoing session, trading around $229.

Toncoin (TON) Price Analysis

Toncoin (TON) started the previous weekend in the red, dropping 1.19% to $2.71. It recovered on Sunday, registering a marginal increase and moving to $2.72. However, it returned to bearish territory on Monday, dropping nearly 1% to $2.69. TON fell to an intraday low of $2.61 on Tuesday as selling pressure intensified. However, it rebounded from this level to reclaim $2.70 and settle at $2.71, ultimately registering a marginal increase. Bullish sentiment intensified on Wednesday as TON rallied, rising nearly 3% to $2.78. Buyers retained control on Thursday as the price rose over 2% and settled at $2.84.

Source: TradingView

TON fell to an intraday low of $2.78 before recovering and settling at $2.85, ultimately rising 0.41%. Buyers lost momentum after reaching an intraday high of $2.91 on Saturday. As a result, the price fell nearly 2% and settled at $2.80. Selling pressure persisted on Sunday as TON fell 0,42% to $2.79. TON started the current week in bullish territory, rising over 2% to reclaim $2.80 and settle at $2.85. The price is down nearly 1% during the ongoing session, trading around $2.83.

Arbitrum (ARB) Price Analysis

Arbitrum (ARB) registered a marginal drop on Saturday (September 27) and settled at $0.424. The price fell to an intraday low of $0.409 before rebounding and settling at $0.430, ultimately rising 1.44%. Selling pressure returned on Monday as ARB fell nearly 3% and settled at $0.417. Despite the selling pressure, the price recovered on Tuesday, rising almost 1% to $0.421. Buyers retained control on Wednesday as ARB rose over 3% and settled at $0.435.

Source: TradingView

Bullish sentiment intensified on Thursday as ARB registered an increase of over 4% and settled at $0.453. Despite the positive sentiment, the price lost momentum on Friday and settled at $0.450. Price action remained bearish over the weekend as ARB fell 3.55% on Saturday and 0.51% on Sunday to settle at $0.432. ARB started the current week in positive territory, rising nearly 6% and settling at $0.456. The price is down almost 1% during the ongoing session, trading around $0.453.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.