Why Is Crypto Up Today? – October 3, 2025

What Happened

Gadi Chait, Head of Investment at Xapo Bank, said that October has historically been a bullish month for BTC. “Early signs suggest this year may be no exception.”

“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.”

“The recent sharp rally has already hit an area of dense liquidity, suggesting possible near-term consolidation. Investors are advised to stay cautious and closely monitor liquidation clusters, which highlight potential resistance and support levels,” they conclude.

Market Context

The crypto market is up today, with the cryptocurrency market capitalization rising by 1.4%, now standing at $4.22 trillion. Around 30 of the top 100 coins have appreciated over the past 24 hours. At the same time, the total crypto trading volume is at $193 billion.

At the time of writing, 9 of the top 10 coins per market capitalization have increased over the past 24 hours.

Bitcoin (BTC) appreciated 1%, currently trading at $119,909.

It’s followed by Solana (SOL), with an increase of 2.1%. now trading at $229.

Meanwhile, Nomura Holdings is working to expand its presence in Japan’s digital asset market. Its wholly owned subsidiary, Laser Digital Holdings, is seeking a license to offer trading services to institutional clients. Switzerland-based Laser is in pre-consultation talks with Japan’s Financial Services Agency.

Bitunix analysts commented that the political standoff in the USA is causing potential economic data delays, including the key jobs report on Friday. This “forces markets to rely on substitutes, intensifying volatility.”

From the crypto market perspective, they argue, if BTC breaks above 121,000, liquidation pressures could reach $650 million. On the downside, the 112,000 and 108,000 areas form layered support zones.

At the time of writing on Friday morning, BTC trades at $119,909. The price saw an increase from the intraday low of $118,416 to the intraday high of $121,044. It has decreased slightly since this daily high.

Notably, Bitcoin’s market capitalization also rose to $2.37 trillion, surpassing Amazon’s value.

Ethereum is currently trading at $4,467. The price saw a brief dip to the intraday low of $4,358 before jumping to the high $4,549, pulling back slightly after that.

Why It Matters

Crypto Winners & Losers

Ethereum (ETH) is up by 1.5%, now changing hands at $4,467. It is again among the best performers.

Details

Binance Coin (BNB) is the category’s highest gainer, having increased by 4.9% to $1,090.

On the other hand, Dogecoin (DOGE) is the only red coin. It decreased by 0.3% to $0.256.

When it comes to the top 100 coins, about 30 coins recorded decreases. Of these, two saw double-digit drops: MYX Finance (MYX) and DoubleZero (2Z). These are down 41% and 10.7% to $9.07 and $0.5397, respectively.

On the green side, the two best performers are Aster (ASTER) and Aptos (APT). They’re up 10.8% and 5.4% to $1.88 and $5.13, respectively.

‘Bitcoin’s Strength Is Structural, Not Seasonal’

Bitcoin has averaged 14.4% gains in October since 2013 and has demonstrated resilience in early October this year, recovering from an intraday dip to $114,000 on the 1st to trade near $118,700-$118,900 by the 2nd, with intraday highs touching $119,500.

Moreover, Chait says, “even the U.S. government shutdown that began at the start of the month, the first since 2018-2019, which furloughed over 90% of SEC staff and left the CFTC operating with skeleton crews of 5-6%, hasn’t derailed momentum, showing how resilient Bitcoin has become of late.”

Levels & Events to Watch Next

The support levels now stand at $117,000, $113,500, and $106,900. On the other hand, the resistance target is now $124,600, followed by $128,000 and then $130,000.