Crypto Market News Today, October 8: XRP Underperforming, BNB USD Pair Chilling at All Time High, ETH and Bitcoin Price Volatile
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Most crypto news revolves around the Bitcoin price, which is riding a rollercoaster, flirting with 6% gain this week but dropping by a percent today. Bitcoin is now hovering above $122,000 in price. Meanwhile, ETH is dancing to its own beat, volatile, unpredictable, and currently sits around $4,480 USD. And yet, XRP is lagging far behind. After rallying past 3 USD this summer, XRP is now languishing at under $2.9, unable to keep pace with the ongoing crypto rally.
The total crypto market cap has climbed to $4.26 trillion, down some 2% over 24 hours, likely a correction after yesterday’s pouring of institutional capital across the market. But in this green sea, XRP USD is a red blot.
BNB, on the other hand, is having its moment. Surging past Solana, Tether, and XRP, BNB now holds the #3 slot in market cap of above $180 billion. Its 24‑hour gains by more than 5% place its price at $1,325 when this article was being written. Data shows that BNB’s chain is attracting TVL inflows even as others lag.
(source – Coingecko)
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Crypto News Today Reports XRP with Weakness On USD Amid Wider Gains as ETH Shows Strengths, But Failed To Capitalize
While the Bitcoin and ETH USD price spark crypto news headlines with their wild swings, XRP, today, has become a not-so-fairy tale. Data from various sites reports over $6.24 billion in Ripple short liquidations last month, but the price barely budged. XRP market cap has slid to around $170 billion, dropped under BNB, and Tether USD Stablecoin, USDT.
(source – XRP USD Liquidations, Coinglass)
On-chain data also tells the same story.
XRP
3.24%
XRP
XRP
Price
$2.88
3.24% /24h
Volume in 24h
$6.54B
Price 7d
Buy with Best Wallet
transactions are down nearly 90%, and interest in the ETF buzz with 15 applications reportedly pending, has not translated into buying pressure.
Compare that to ETH, before today, in the last month alone, crypto news sources flagged $286 million USD in ETF inflows for
Ethereum
4.43%
Ethereum
ETH
Price
$4,503.92
4.43% /24h
Volume in 24h
$44.82B
Price 7d
Buy with Best Wallet
, while
Bitcoin
1.23%
Bitcoin
BTC
Price
$123,040.45
1.23% /24h
Volume in 24h
$73.29B
Price 7d
Buy with Best Wallet
-related ETFs pulled in over $518 million. The Ethereum network itself holds over $91 billion in TVL, though inflation worries are rising, as recent data shows 0.77%. Meanwhile, efforts like the Fusaka upgrade aim to boost throughput and smooth volatility.
(source – ETH USD TVL, Defillama)
BNB is doing something different as it is chilling at new highs, despite the market’s turbulence. The report comes up with $901 million in DEX volume, plus growing developer and user activity. In a market tinted by volatility, BNB momentum and CZ’s involvement have made it a favorite.
Keep building on #BNB Chain!
— CZ
BNB (@cz_binance) October 7, 2025
By contrast, XRP USD now sits in the relegation zone.
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Too Little, Too Late: UK Lifts 4 Year ETN Ban, FCA Regulators Missed Generational Starting Gun
After four years on the sidelines, the UK’s Financial Conduct Authority (FCA) has finally lifted its ban on crypto ETNs, reopening access for retail investors to Bitcoin and Ethereum Exchange-Traded Notes (ETNs) as of October 8, 2025. While the move is celebrated as a long-overdue nod toward financial innovation, critics argue it’s a symbolic half-measure. One that arrives years too late to capture the explosive early momentum of global crypto adoption.
The reversal follows years of regulatory hesitation that left the UK Crypto market lagging behind the USD and EU, where spot Bitcoin ETFs and ETNs have already become mainstream investment vehicles. Many now view this as the FCA’s attempt to reassert its relevance in a financial landscape rapidly transforming around digital assets, but for some, it’s a case of “too little, too late.”
HL continues to ‘protect’ us from getting rich….
No ETN’s until next year and usual FCA crap
Retail restrictions…. pic.twitter.com/KYKGrmfk6G— Apprentice Grigori (@bladerunneruk) October 6, 2025
Read the full story here.
What is KGEN? New APTOS Coin Tumbles on Launch
The cryptocurrency market has recently experienced another disappointing debut. This time, it’s KGEN Crypto, the native token of the KGeN Protocol, which launched on October 7, 2025, on major exchanges including Binance, OKX, and KuCoin.
Promoted as one of the most eagerly anticipated launches based on Aptos this year, KGEN was expected to demonstrate real-world adoption in areas such as decentralised identity, gaming, and AI-integrated DeFi. Instead, the KGEN price plummeted 67% within hours of its debut, sparking FUD across social media and raising questions about whether this is a collapse or a long-term opportunity among new crypto to buy.
Read the full story here
The post Crypto Market News Today, October 8: XRP Underperforming, BNB USD Pair Chilling at All Time High, ETH and Bitcoin Price Volatile appeared first on 99Bitcoins.
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