TLDR
- The market capitalization of cryptography jumped $ 175 billion to reach $ 4.03 billions of dollars, driven by the closure of the United States government and weaken USD while investors hide against the weakness of the dollar.
- Bitcoin is negotiated at $ 118,991, approaching its summit of $ 124,474, with key resistance at $ 120,000 and a crucial support at $ 117,261.
- The historic tendency of October, known as “uptober”, stimulated the optimism of investors and the purchase of dynamics through digital assets.
- Institutional entries in the FNB Bitcoin Spot bring hundreds of millions of new capital, supporting price gains and market stability.
- Altcoins, in particular Ethereum, Solana, Dogecoin, Cardano and Chainlink, have recorded solid gains by 4 to 7%, increasing the overall market participation.
The cryptocurrency market experienced a major rally on October 2, 2025, with total market capitalization increasing by $ 175 billion. The market is now 4.03 billions of dollars, consolidating above the level of support of $ 4.00.
Bitcoin is currently negotiated at $ 118,991, positioning itself near the critical resistance level of $ 120,000. The main cryptocurrency approaches its $ 124,474 summit set earlier this year.
The increase occurs during a period of increased uncertainty in traditional markets. The current government closed in progress has pushed investors to alternative assets such as instability. A weakened US dollar has also contributed to the change in capital in cryptocurrency markets.
October has always been a solid month for cryptographic performance. Market players often call this period as “uptober” due to consistent gains during this period. This seasonal model has contributed to a renewal of optimism and an increase in the purchase activity between digital assets.
Institutional investors continue to pay money in the cryptography sector. The FNB Bitcoin Spot see net entries totaling hundreds of millions of dollars. This institutional capital provides support for price increases and the creation of a base for future potential rallies.
On September 30, the Bitcoin Spot ETF saw a total net influx of $ 430 million, while none of the twelve ETFs saw a clear outing. The ETHEREUM SPOT ETFs recorded a total net influx of $ 127 million, while nine of the nine ETFs saw a net output. pic.twitter.com/8vdta4wynm
– Wu Blockchain (@wublockchain) October 1, 2025
The current market rally also benefited from a short compression effect. As prices went up, traders who bet against the market were forced to conclude their positions. This created a cascade effect that has grown higher prices, especially for bitcoin and the main altcoins.
Altcoin performance strengthens the market rally
Altcoins has greatly participated in the market increase. Ethereum, Solana, Dogecoin, Cardano and Chainlink all displayed gains between 4 and 7% during the negotiation session. This wide rally increased global market participation and has strengthened the positive feeling among traders.
The total market capitalization of cryptography is now pressed compared to the level of resistance of 4.05 billions of dollars. This barrier capped the previous rallies during the recent negotiation sessions. An escape above this level could trigger additional purchase pressure on the market.
However, the rally faces potential risks if the momentum is weakening. If the market does not hold more than 4.00 billions of dollars, prices could decrease around 3.94 billions of dollars or less. Such a drop would erase recent gains and move the feeling of the market.
Bitcoin tests keys resistance levels
Bitcoin must erase several resistance zones to maintain its ascending trajectory. The cryptocurrency faces immediate resistance at $ 120,000, followed by another barrier at $ 122,000. Breaking through These levels is necessary for Bitcoin to reach its top of all time.
Bitcoin management is currently at $ 117,261. Ventilation below this level would represent a reverse for upward perspectives. Such a decision could trigger sales pressure and invalidate the current positive trend.
Circle announced a partnership with Deutsche Börse to bring the USDC and Eurc Stablecoins to the European financial system. The agreement includes custody by Clearstream and Crypto Finance, expanding the regulated adoption of stables on traditional markets. Collaboration will use the 3DX trading platform for distribution.
