Why Is Crypto Up Today? – October 1, 2025

The crypto market is up at this time, with the cryptocurrency market capitalization rising by simply 0.2%, now standing at $4 trillion. Just over half of the highest 100 cash have appreciated over the previous 24 hours. At the identical time, the entire crypto buying and selling quantity is at $164 billion.

Crypto Winners & Losers

At the time of writing, solely two high 10 cash per market capitalization have elevated over the previous 24 hours.

dropped by 1.1%, now altering palms at $4,139. This is the third-highest lower at this time.

Dogecoin (DOGE) is the one different inexperienced coin on this record, having elevated by 0.6% to the worth of $0.2334.

The highest drop is XRP’s 1.4% to $2.85, adopted by 1.2% by Binance Coin (BNB), now standing at $1,010.

When it involves the highest 100 cash, one coin noticed a double-digit rise: Pump Fun (PUMP) is up 20.6% to $0.006514. Other cash are up 4.4% and fewer.

On the opposite aspect, two cash recorded double-digit falls: Plasma (XPL) is down 14.4% to $0.96, whereas Aster (ASTER) dropped 11.2% to $1.62.

As October begins, the ‘uptober’ hype retains rising. Many anticipate to see the market rising, basing their arguments on historic performances.

Meanwhile, Ripple CTO David Schwartz mentioned he would step down from his role in the company on the finish of the yr after greater than a decade. He will sit on the corporate’s board of administrators and function CTO Emeritus.

‘We’re Approaching Cycle Bottom, Followed by Recovery’

According to Swissblock, “Bitcoin is within the technique of discovering a backside.” They clarify that markets transfer in cycles of stress and restoration, and when the previous peaks, short-term merchants are pressured to promote at a loss.

“Capitulation stress usually marks the top of draw back phases, setting the stage for restoration,” they write. “At that actual level, the Impulse Signal collapses to zero. That’s the second panic exhausts and new patrons step in.”

This reset occurred solely 3 times since early 2024: every marked a cycle backside and was adopted by a sustained restoration. “We are approaching that setup once more.”

Moreover, Glassnode noted that Bitcoin market dominance elevated by two proportion factors to 59%, as the worth elevated as effectively.

The analysts notice that this implies “a more healthy market construction, as BTC-led rallies have traditionally confirmed extra sustainable than these pushed by altcoins.”

Additionally, short-term holder RVT has compressed towards cycle lows, they write. This displays “muted realized earnings relative to community valuation.”

Notably, such resets traditionally “usually align with durations of market detox, serving to construct a basis for extra sturdy recoveries,” Glassnode says.

‘Transformative Uptober’

Furthermore, Dom Harz, Co-Founder of BOB, commented that “with Bitcoin’s value remaining secure above $111,000, the stage is ready for a doubtlessly transformative Uptober for Bitcoin DeFi. Historically, Uptober’s bullish momentum has been pushed by seasonal optimism and whale accumulation; nevertheless, this yr feels completely different.”

He continues: “We have seen the convergence of each institutional backing and maturation throughout the Bitcoin ecosystem. Bitcoin is extra embedded within the foundations of world finance, and institutional curiosity is at an all-time high. Unlike earlier years, this Uptober will see extra focused inflows, which may very well be a breakout second in accelerating Bitcoin DeFi, as traders will wish to do extra with their Bitcoin holdings, remodeling it from a static store-of-value right into a yield-bearing asset class.”

Levels & Events to Watch Next

At the time of writing on Wednesday morning, BTC trades at $114,540. It initially dropped to the intraday low of $112,736 earlier than leaping to the day by day high of $114,711.

The coin is at present up 1.7% in every week and 6% in a month.

Bitcoin is consolidating close to $114,154. Should it transfer above $114,741, the coin might bounce towards $116,150 and $117,850. After this, $120,000 can be doable as effectively. But a drop under $113,000 might result in $112,600 and $111,680.