October has hardly started and the cryptom markets rise as the total capitalization becomes a highest point in two weeks.
About $ 165 billion has entered the cryptomarket in the last 24 hours, so that the total capitalization is pushed to $ 4.16 trillion, a bit shy for its highest return for digital assets.
“Risk eaty is incredibly strong”, and the Kobeissi letter observed at near-record levels and commented on the leverage share-related funds.
That risk has been extended to crypto markets, while investors look at the US central bank for a new rate reduction later this month, after data from a mixed labor market this week. Moreover, markets did not respond to the closure of the US government yesterday.
Bitcoin leads the attack
About $ 475 million in short positions have been liquidated over the past 24 hours, the majority of which were Bitcoin and Ether, according to To Coinglass. BTC has led the load today and is rising to the highest level since mid -August when it started to correct from the all time.
The active broke resistance and hit $ 119,400 on Thursday during the early trade in Asia for a small withdrawal to trade at $ 118,780 at the time of writing. Analyst ‘Daan Crypto Trades’ called it a “solid outbreak”, but warned that it could go back to the level of $ 112,000.
He added that there could be some potential tune in which the outbreak is being tested again or something “, at the beginning of the month, but was generally bullish for October and the fourth quarter.
$ BTC Solid breakout and nice closure at the beginning of October.
Ideally, this would not want to see that this will go back to the channel in October and less than $ 112k to keep the bullish momentum alive.
Because it is the start of the month and the quarter, I do not exclude potential chopiness where … https://t.co/p1yusuwtub pic.twitter.com/bqut649Z7P
– Daan Crypto Trades (@DaanCrypto) October 2, 2025
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“This is most likely the start of a trending market for crypto,” said Economist Alex Krüger, who added: “BTC continued from $ 111k to $ 118k as a train, with a considerable part of the move driven by short coverage and spot buying.”
Yet none of the indicators of the Coinglass Bull Market indicators have brightened up, suggesting that there is more fuel in the tank.
Analyst ‘Mr Anderson’ noted that Bitcoin has already traded 147 consecutive days above $ 100.00. “Now? We have been holding six digits for almost five months … and people pretend it is a funeral,” he said.
Uptober Altesean too?
The Grote Markt pump has also benefited and renewed the Altcoins to call to action For altiation season. Ether had risen around 5.3% by $ 4,400 in a highest point in two weeks, while XRP closed at $ 3 after a similar win.
Other altcoins that are nowadays greater profit notch are Solana, Dogecoin, Cardano, Chainlink, Hyperliquid, Stellar and Sui. Analyst ‘Cryptobullet’ noted that it is the highest that Altcoin Market Capitalization (minus BTC and ETC) reached for a monthly closure before September.
#Total 3 Highest monthly close ever.
Do you realize how bullish that is for $ Alts? 😏 🚀 pic.twitter.com/2N31T6SLKM
– Cryptobullet (@cryptobullet1) October 1, 2025
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