Bitcoin Price 10/08/2025: BTC Struggles to Hold $115 Amid Geopolitical Pressure
- Bitcoin today falls back to $115 after political meeting
- Altcoins like OKB and MNT rise double digits
- BTC dominance remains at 58% of the cryptocurrency market
Bitcoin's price is currently trading at $115.223, with no gains for the day. BTC faced a new decline on Monday (19), reflecting the instability caused by the meeting between current US President Donald Trump and European leaders regarding the conflict in Ukraine. The market's leading cryptocurrency fell to $114.600, its lowest level in 11 days.
BTC had reached a new all-time high on Thursday, briefly surpassing $124.000. However, Producer Price Index (PPI) data released on Friday impacted market sentiment, triggering a correction to $118.000. Since then, the asset has struggled to maintain levels above $115.000, with a cumulative weekly decline of approximately 3%.
Despite Trump's promise of security guarantees to Ukraine, Bitcoin failed to sustain a short-term recovery. Its market value remains around $2,23 trillion, with a dominance of approximately 58% over other cryptocurrencies, according to data from CoinGecko.
In the altcoin world, the day saw some relief. Ethereum remained above $4.250, while XRP held the $3,00 line. Solana (SOL), BNB, Cardano (ADA), Tron (TRX), Stellar (XLM), and SUI posted modest gains.
OKB and MNT stood out, posting the biggest gains among major assets. The MNT token appreciated 13%, trading above $1,35. OKB surpassed $130 with similar performance, demonstrating strength amid the widespread market correction.
The total cryptocurrency market cap rose $30 billion in the last 24 hours, reaching $3,97 trillion. Even with Bitcoin's pullback, altcoin activity indicates resilience amid global political tension.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How much CPO demand will Nvidia Rubin Ultra generate? Bernstein: Optical value per Pod will increase fivefold
Bernstein believes that the co-packaged optics (CPO) and fiber demand driven by Nvidia's Rubin Ultra architecture will surge significantly, with the optical content per Pod rising from $1 million to $5.4 million. This will propel the size of Nvidia's optical ecosystem market to $46.8 billion by 2028 (a 91% annual increase). Although the industry faces supply bottlenecks with InP substrates, the outlook remains positive. The institution reiterates its “outperform” rating for Lumentum, Coherent, and Ciena.
UBS Q3 implements a two-way strategy with gold options, heavily invests in technology stocks, and builds positions in SK Hynix (SKHY.US)
UBS Group (UBS.US) has submitted its Q3 holdings report (13F) as of September 30, 2026.
SpaceX (SPCX.US) reportedly attempts “de-Nvidiaization” at the rack level: developing Kessel cabinets to bypass L6 compute boards, purchasing only chips
SemiAnalysis: SpaceX has developed its own Kessel cabinet, bypassing Nvidia's L6 cards to provide more options for manufacturing its own hardware.
$3.7 billion “data center power equipment prepayments” abandoned! What did "the most active buyer of gas turbines", SoftBank, see?
In the second quarter of fiscal year 2026, SoftBank reported a net loss of $7.1 billion, primarily due to a $3.7 billion impairment charge from a $9.5 billion advance payment for power generation equipment for US data centers—of which about $2.9 billion was non-refundable and effectively lost. The CFO admitted that SoftBank placed orders before the project plan was finalized, and is now conducting a comprehensive review of its procurement strategy. "The most aggressive purchaser of gas turbines has now written off the deposit in this way."
Crypto prices
More
