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[LIVE] Crypto News Today, October 6 – Bitcoin USD Price $124K, Is XRP Finally Ready To Hit $4? BNB Sets New ATH: Best Crypto To Buy?

Bitcoin






Bitcoin

Bitcoin





0.90%



continues to command market attention, holding firm around $124,000, just below its recent all-time high. With Ethereum






Ethereum

Ethereum





0.82%



trading above $4,560 and ETF inflows hitting record levels, momentum across the crypto market remains strongly bullish. Many traders are now scanning for the best crypto to buy as Bitcoin consolidates and altcoins begin to show renewed strength.

According to Coinglass, nearly $428 million in positions were liquidated over the past 36 hours — $186 million from longs and $243 million from shorts — underlining the growing volatility as prices test key resistance zones.

CoinglassCoinglass
(Source: Coinglass)

BNB Breaks Into Price Discovery With New All-Time High

Meanwhile, BNB






BNB

BNB





2.67%



has surged past $1,200 to set a new all-time high, reaching $1,214.42 with a 3.47% daily gain, according to Binance market data. Despite this rally, Coinglass reported about $256 million in market-wide liquidations — including $177M in longs and $79.11M in shorts — showing that leverage remains elevated.

Also, Mantle (MNT) has hit a new ATH at $2.16. Clearly, BNB’s move reinforces investor confidence in exchange-based tokens.

 EXPLORE: Best New Cryptocurrencies to Invest in 2025

Best Crypto To Buy As Bitcoin Eyes $125K Breakout – Is XRP Finally Ready To Achieve $4?

As Bitcoin steadies just below $125K, traders are looking for the best crypto to buy before the next market leg higher. XRP remains a key focus: it only needs a 12% rise to break its previous ATH near $3.84. However, some holders express frustration that XRP hasn’t yet joined the rally, even as Bitcoin and BNB hit new peaks.

Still, chart patterns suggest XRP could be entering a Phase 4 breakout zone, potentially targeting $4–$6 if momentum continues. With ETFs driving institutional demand and altcoins starting to rotate upward, leading assets like Bitcoin, BNB, and XRP may define the next phase of this bull cycle.

Hong Kong SFC Chief Julia Leung Secures New 3-Year Term as City Expands Crypto Regulation

Fatima

By Fatima

Bloomberg reports that Julia Leung, CEO of Hong Kong’s Securities and Futures Commission (SFC), is poised to receive a new three-year term as head of the regulator. Since taking the helm in 2023, Leung has overseen a surge in IPO activity, tightened regulatory oversight, and pushed expanded frameworks for crypto assets.

Her continued leadership signals Hong Kong’s ambition to reinforce its role as a major global trading hub while advancing digital asset regulation.

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Fatima

Fatima is a rising crypto journalist with a sharp eye for hidden gems and technical analysis. When she’s not charting the next big breakout or diving into onchain data, a firm believer that alpha is where you least expect it,…
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