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The cryptocurrency market is experiencing an uptick today, with the total market capitalization increasing by 1.4%, now reaching $4.22 trillion. Approximately 30 of the top 100 cryptocurrencies have seen gains over the last 24 hours. Concurrently, the overall trading volume in the crypto sector stands at $193 billion.
TLDR:
Crypto Winners & Losers
As of this writing, 9 of the top 10 cryptocurrencies by market capitalization have gained in value over the past 24 hours.
Bitcoin (BTC) has risen by 1%, currently priced at $119,909.
Bitcoin (BTC)24h7d30d1yAll time
Ethereum (ETH) has increased by 1.5%, now trading at $4,467, making it one of the top performers.
Binance Coin (BNB) is the leading gainer in its category, having surged by 4.9% to $1,090.
Following closely is Solana (SOL), which has risen by 2.1%, now priced at $229.
Conversely, Dogecoin (DOGE) is the only coin in the red, having declined by 0.3% to $0.256.
Among the top 100 cryptocurrencies, around 30 have experienced declines. Notably, two have seen double-digit drops: MYX Finance (MYX) and DoubleZero (2Z), which are down 41% and 10.7% to $9.07 and $0.5397, respectively.
On the positive side, the two top performers are Aster (ASTER) and Aptos (APT), which have increased by 10.8% and 5.4% to $1.88 and $5.13, respectively.
Meanwhile, Nomura Holdings is aiming to enhance its footprint in Japan’s digital asset market. Its fully owned subsidiary, Laser Digital Holdings, is pursuing a license to provide trading services to institutional clients. The Switzerland-based Laser is currently in pre-consultation discussions with Japan’s Financial Services Agency.
Nomura Holdings plans to expand in Japan’s digital-asset market through a subsidiary, as crypto trading in the country heats up https://t.co/vV6z8i9JTZ
— Bloomberg (@business) October 3, 2025
‘Bitcoin’s Strength Is Structural, Not Seasonal’
Gadi Chait, Head of Investment at Xapo Bank, noted that October has historically been a favorable month for BTC. “Initial indicators suggest this year may not be an exception.”
Since 2013, Bitcoin has averaged gains of 14.4% in October and has shown resilience in early October this year, bouncing back from an intraday low of $114,000 on the 1st to trade around $118,700-$118,900 by the 2nd, with intraday peaks reaching $119,500.
Furthermore, Chait remarked, “even with the U.S. government shutdown that commenced at the beginning of the month, the first since 2018-2019, which resulted in over 90% of SEC staff being furloughed and left the CFTC operating with minimal personnel, momentum has not been disrupted, demonstrating Bitcoin’s recent resilience.”
“Far from being a speculative outlier, Bitcoin continues to show its ability to defy the odds and assert itself as a digital asset with staying power. For long-term investors, the trend is clear, Bitcoin’s strength is structural, not seasonal.”
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Bitunix analysts have stated that the political deadlock in the USA is causing potential delays in economic data releases, including the crucial jobs report on Friday. This situation “forces markets to depend on alternatives, heightening volatility.”
From the perspective of the crypto market, they suggest that if BTC surpasses $121,000, liquidation pressures could escalate to $650 million. Conversely, the $112,000 and $108,000 levels create layered support zones.
“The recent sharp rally has already encountered a dense liquidity area, indicating potential near-term consolidation. Investors are advised to remain cautious and closely observe liquidation clusters, which reveal possible resistance and support levels,” they conclude.
Levels & Events to Watch Next
As of Friday morning, BTC is trading at $119,909. The price has increased from an intraday low of $118,416 to an intraday high of $121,044, although it has slightly retreated since reaching this daily peak.
Notably, Bitcoin’s market capitalization has also risen to $2.37 trillion, exceeding Amazon’s valuation.
The current support levels are at $117,000, $113,500, and $106,900. In contrast, the resistance target is now set at $124,600, followed by $128,000 and then $130,000.
Bitcoin Price Chart. Source: TradingView
Ethereum is presently trading at $4,467. The price briefly dipped to an intraday low of $4,358 before rising to a high of $4,549, pulling back slightly afterward.
The coin could potentially rise further to $4,550 and then $4,750 before aiming for the $5,000 threshold. On the downside, it may fall below $4,300 and $4,100.
Ethereum (ETH)24h7d30d1yAll time
Meanwhile, the crypto market sentiment continues to improve within the neutral zone. The crypto fear and greed index has risen to 57, compared to 51 yesterday. This marks a significant increase from the fear zone’s 34 observed five days ago.
There is a clear rise in optimism as October commences, with prices rallying once again.
ETFs Remain in Green
The US BTC spot exchange-traded funds (ETFs) have experienced a fourth consecutive day of substantial inflows, totaling $627.24 million on Thursday. The cumulative net inflow now stands at $59.07 billion.
Out of the 12 ETFs, seven recorded inflows, with no outflows. BlackRock leads this list once more, with $466.55 million, followed by Fidelity’s $89.62 million.
The US ETH ETFs also noted inflows of $307.05 million on October 2 for the fourth consecutive day. The cumulative total net inflow now amounts to $14.19 billion.
Seven of the nine funds experienced positive flows, with none reporting negative flows. BlackRock tops this list with $177.11 million in inflows, followed by Fidelity’s $60.71 million.
Meanwhile, the U.S. Securities and Exchange Commission (SEC) has missed its deadline regarding Canary’s spot Litecoin ETF. Additionally, the regulatory body is transitioning from 19b-4 filings to S-1s, which adds to the uncertainty surrounding ETF approval timelines.
Furthermore, the federal government shutdown is complicating matters further, as many insiders have noted.
As I understand it, the shutdown could affect the $LTC ETF approval because the @SECGov still needs to sign off on the S-1 and the agency is operating on a skeleton crew.
It’s unclear what remaining staff is working/what their priorities are at the moment. Since the generic… https://t.co/uD1uO9udtO— Eleanor Terrett (@EleanorTerrett) October 2, 2025
Quick FAQ
- Why did crypto move with stocks today?
The cryptocurrency market has risen over the past day, while major stock indexes closed higher for the fifth consecutive session on Thursday. By the end of trading on October 1, the S&P 500 was up by 0.062%, the Nasdaq-100 increased by 0.37%, and the Dow Jones Industrial Average rose by 0.17%. It is noteworthy that the US government shutdown will postpone the release of economic data, including the jobs report.
- Is this rally sustainable?
Currently, prices appear to be on an upward trajectory, whether in the short-term, long-term, or both. A pullback is anticipated and is typical for the market. Analysts do not foresee a bear market emerging just yet.
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