Friday Pullback Hits XRP, DOGE, SOL as $2.7B Enters Bitcoin ETFs

Bitcoin Holds Up Amid Pullback; Privacy Coins Surge

Bitcoin (BTC) traders remain bullish despite a brief retracement, while privacy-focused cryptocurrencies are seeing renewed momentum.

BTC dipped to $120,000 overnight, pulling broader markets lower. Ether (ETH) fell 2.4% in 24 hours, erasing weekly gains, while Solana (SOL), XRP ($2.7347), Dogecoin (DOGE, $0.2374), and Cardano (ADA) dropped up to 3%, according to CoinDesk.

Despite the pullback, U.S.-listed Bitcoin ETFs continue to attract inflows, totaling $2.72 billion this week. Analysts see this as evidence of BTC’s emerging role as a digital hedge alongside gold, which recently surpassed $4,000 per ounce. Investor sentiment has been buoyed by dovish signals from the Federal Reserve following its September rate cut.

Short-term pauses are typical in BTC rallies. After July highs, BTC fell 9% over three weeks before recovering; August saw a 14% retracement. FxPro analyst Alex Kuptsikevich expects BTC could revisit $107,000–$115,000 before month-end, with the Fed’s October 29 rate decision acting as a key catalyst.

“Moves below the upper end of this range could trigger concern, with the Fed decision approaching,” Kuptsikevich noted.

The $107,000–$115,000 range reflects the tug-of-war between dip buyers and patient shorts. Derivatives markets are less stretched than last month, and CryptoQuant notes easing seller pressure. ETF flows will reveal whether demand is sustainable or front-loaded.

Macro conditions remain uncertain, with the U.S. government shutdown extending into a second week. Analysts say this favors haven assets like Bitcoin and gold. For BTC, $125,000 remains a critical level: steady buying could absorb supply, while a fast rebound may return prices to $115,000–$118,000.

Privacy Coins Rebound

Privacy-focused tokens are rallying strongly. Zcash (ZEC, $233.01) is up nearly 80% in a week and over 400% since late summer. Monero (XMR, $331.31), Dash (DASH, $44.32), and Railgun have also gained as much as 40% in 24 hours.

The revival is supported by rising activity on Near’s privacy messaging tools, renewed interest in Zcash, and the Ethereum Foundation’s plans to back a privacy-focused research cluster in the coming months.