Here’s a quick recap of the crypto landscape for Monday (October 6) as of 9:00 a.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin and Ether price update
Bitcoin (BTC) was priced at US$124,548, up by 1.1 percent in 24 hours. Its lowest valuation of the day was US$122,538, and its highest was US$124,691.
Bitcoin price performance, October 6, 2025.
Chart via TradingView
BTC extended its rebound early in the week but is now testing a ‘crucial resistance zone’, according to crypto investor Ted Pillows. He noted that the recent push above this level was largely driven by perpetual futures, rather than spot or institutional demand. If institutional bids return as they did last week, Bitcoin could reclaim higher ground; otherwise, a sharp correction toward the US$118,000–US$120,000 range remains likely.
Bitcoin dominance in the crypto market now stands at 55.17 percent.
Ether (ETH) has closely followed Bitcoin’s upward price movement, rising by roughly 12 percent since the last days of September. It was priced at US$4,587.82, a 0.9 percent increase in 24 hours. Its lowest valuation of the day was US$4,481.90, and its highest was US$4,593.39.
ETH continues to hold firm above its US$4,500 support, with Pillows highlighting US$4,750 as the next major resistance level. However, he also warned that a drop below the US$4,250–US$4,060 zone would shift momentum back to the bears.
Altcoin price update
- Solana (SOL) was priced at US$234.11, an increase of 1 percent over the last 24 hours. Its lowest valuation on Monday was US$226.96, and its highest valuation was US$234.34.
- XRP was trading for US$3.00, down by 0.2 percent over the last 24 hours. Its lowest valuation of the day was US$2.95, and its highest was US$3.01.
ETF data and derivatives trends
The Fear & Greed Index currently reads 59, remaining firmly in neutral territory since the tail end of last week.
Last week, the cumulative net flow for spot Bitcoin ETFs was predominantly positive, with several days of inflows. According to data from the week of September 29 to October 3, spot Bitcoin ETFs had inflows on all 5 days, with October 3 recording the highest inflows at US$985.08M. The inflows were led by BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC).
Cumulative total inflows for spot Bitcoin ETFs stood at US$60.05 billion as of October 3.
On the derivatives side, CoinGlass data shows Bitcoin futures open interest at US$93.53 billion, an increase of 2.13 percent over 24 hours and a rise of 0.89 percent over four hours. Open interest for Ether futures is at US$61.69 billion, up 0.93 percent over 24 hours and a 0.81 percent boost over four hours.
Today’s crypto news to know
Morgan Stanley endorses Bitcoin allocation for client portfolios
Morgan Stanley’s Global Investment Committee has formally advised clients to include digital assets in their portfolios, marking a significant policy shift for one of Wall Street’s most established banks.
In a note dated October 5, the firm recommended up to 4 percent crypto exposure in “opportunistic growth” portfolios and up to 2 percent for “balanced growth” accounts. The report also emphasized Bitcoin’s role as a “scarce, digitally native asset” with increasing institutional relevance.
The guidance coincided with Bitcoin’s rally past US$125,000 over the weekend, before settling near the US$123,000 range.
While many investors view the move as validation of Bitcoin’s maturing status and the formal ushering of crypto’s ‘mainstream era’, some traders called it “too late” given prior gains.
Morgan Stanley also confirmed that its E*Trade platform will soon allow trading in Bitcoin, Ether, and Solana via a partnership with ZeroHash.
Coinbase seeks national trust charter to expand payment services
Coinbase has applied for a national trust company charter from the US Office of the Comptroller of the Currency, a move designed to expand its payments and custody operations under unified federal oversight.
In a company blog post, Vice President Greg Tusar clarified that Coinbase “has no intention of becoming a bank,” but aims to streamline regulation for new financial products.
Approval would enable Coinbase to scale its recently launched Coinbase Payments platform, which facilitates stablecoin transactions for merchants on Shopify and eBay.
Coinbase has also deepened partnerships with JPMorgan Chase, enabling direct account links between Chase customers and Coinbase wallets through API integration.
Similar OCC charter applications have been filed by other platforms as digital payment infrastructure moves further into mainstream finance.
Galaxy launches GalaxyOne platform
Galaxy Digital has rolled out GalaxyOne, a new trading and yield platform for individual investors, marking its first major push beyond institutional clients.
The platform offers crypto trading alongside high-yield products, including an 8 percent APY investment option limited to accredited investors. A 4 percent APY cash account, branded “GalaxyOne Cash,” is also available to non-accredited users through FDIC-insured partner Cross River Bank.
Managing Director Zac Prince said the firm aims to fill a “gap between retail traders and institutional clients,” positioning GalaxyOne as a mid-tier service with premium features.
The launch places Galaxy in direct competition with consumer-facing brokers like Robinhood and Kraken, both of which have expanded their crypto offerings this year.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
