Bitcoin over $113,000: Cryptocurrencies are showing upward signs!

Bitcoin over $113,000: Cryptocurrencies are showing upward signs!

Bitcoin has rallied above the $113,000 mark today, October 6, 2025, after previously hitting an intraday low of $111,478. This move shows signs of stabilization after the leading crypto asset has been under pressure in recent days. Ethereum, on the other hand, is holding steady at around $4,200 after a 5.5% decline on Monday.

XRP has also held above the 100-day EMA (Exponential Moving Average), however a general downtrend since its record high suggests continued selling pressure. Despite these challenges, Bitcoin remains the largest cryptocurrency by market capitalization and was designed to function as money without central control.

Market developments and ETF flows

On Monday, Bitcoin ETFs saw outflows of about $363 million, with no net inflows for 12 US ETFs. Ethereum ETFs also saw net outflows of $76 million in the US, ending a two-day streak of inflows. These outflows could put additional stress on market psychology and indicate a loss of investor confidence.

However, the 100-day EMA at $111,880 could act as support for Bitcoin. The Relative Strength Index (RSI) is currently at 46, suggesting that Bitcoin could potentially trend higher if it rises above the midline. However, the Moving Average Convergence Divergence (MACD) triggered a sell signal on Monday, providing short-term bearish indicators.

Future outlook for XRP and Ethereum

XRP is priced above the 100-day EMA at $2.83, while an initial resistance level is found at $2.94. However, should XRP fall below the 100-day EMA, it could fall back to $2.70, with further drops being tested at $2.59, which corresponds to the 200-day EMA. The MACD for XRP also shows additional bearish signals, which has been showing a sell signal since Monday.

Ethereum’s current price situation shows that it is below the 50-day EMA resistance level at $4,252. The bulls are aiming to break out above a descending trend line. The market therefore remains in a tense situation, which harbors both risks and opportunities. Bitcoin's status as a dominant cryptocurrency reflects overall investor interest in the sector, especially when compared to altcoins and stablecoins.

Overall, the market is pointing to a phase of waiting and uncertainty. Investors will continue to monitor technical indicators and ETF flow developments, which could be crucial to future price action. While Bitcoin and Ethereum stabilize, XRP remains vulnerable to further price movement.

For detailed information and analysis please visit FXStreet.