Bitcoin (BTC) set a brand new report on Oct. 3, clearing its Aug. 14 peak of $123,731.21 and resetting the ceiling for this cycle.
The transfer follows a gentle October grind that accelerated as macro and circulate tailwinds aligned.
The spot market tone heading into October has been constructive. Bitcoin reclaimed the $120,000 threshold on Oct. 2 as threat urge for food improves amid a US authorities shutdown backdrop.
The shutdown itself is proving to be additive for Bitcoin because it has interrupted key federal financial information, most notably the month-to-month jobs report, muddying visibility for policymakers and markets.
With official readings darkish, traders are counting on weaker private-sector alerts, which will increase the percentages of extra Fed easing on Oct. 29. This type of backdrop usually helps threat belongings and hard-asset hedges like BTC.
Moreover, demand for spot Bitcoin exchange-traded funds (ETFs) has reaccelerated, with funds recording $1.3 billion in internet flows between Oct. 1 and a couple of.
The ETF demand helped take in provide and bolstered dip-buying habits noticed in current weeks.
Macro is pulling in the identical path. The Federal Reserve lower charges by 25 foundation factors on Sept. 17, and markets now ascribe excessive odds to a different lower this month, easing monetary situations that usually favor threat belongings and crypto.
Choices positioning can also be aiding momentum. A report quarterly expiry final week reset threat and opened room for upside as open curiosity rebuilds into the fourth quarter, with heavy name curiosity clustered between $115,000 and $125,000 strikes.
On account of these catalysts, Bitcoin reached a brand new all-time excessive lower than two months after its earlier peak.
Bitcoin Market Information
On the time of press 5:43 pm UTC on Oct. 3, 2025, Bitcoin is ranked #1 by market cap and the worth is up 3.32% over the previous 24 hours. Bitcoin has a market capitalization of $2.47 trillion with a 24-hour buying and selling quantity of $78.12 billion. Study extra about Bitcoin ›
Crypto Market Abstract
On the time of press 5:43 pm UTC on Oct. 3, 2025, the full crypto market is valued at at $4.24 trillion with a 24-hour quantity of $207.35 billion. Bitcoin dominance is at present at 58.14%. Study extra concerning the crypto market ›
