Around $165 billion has entered the crypto market over the past 24 hours, pushing total capitalization to $4.16 trillion, a little shy of its all-time high as digital asset momentum returns.<\/p>\n
\u201cRisk appetite is incredibly strong,\u201d and at near record levels, observed the Kobeissi Letter, commenting on leverage equity exchange-traded funds.<\/p>\n
That risk has extended to crypto markets as investors look toward the US central bank for another rate cut later this month, following mixed labor market data this week. Additionally, markets did not react<\/a> to yesterday\u2019s US government shutdown.<\/p>\n Around $475 million in short positions were liquidated over the past 24 hours, the majority of which were Bitcoin and Ether, according<\/a> to Coinglass.\u00a0BTC has led the charge today, surging to its highest level since mid-August when it started correcting from the all-time high.<\/p>\n The asset broke resistance and hit $119,400 during early trading in Asia on Thursday before a minor pullback to trade at $118,780 at the time of writing. Analyst \u2018Daan Crypto Trades\u2019 called it a \u201csolid breakout\u201d but cautioned that it could break down back to the $112,000 level.<\/p>\n He added that there could be \u201csome potential choppiness where the breakout gets retested or something,\u201d at the beginning of the month, but was bullish overall for October and the fourth quarter.<\/p>\n $BTC<\/a> Solid breakout and nice close at the start of October.<\/p>\n Ideally wouldn\u2019t want to see this go back into the channel and below $112K in October to keep the bullish momentum alive.<\/p>\n Since it\u2019s the start of the month & quarter I am not ruling out some potential choppiness where\u2026 https:\/\/t.co\/p1YuSUwtuB<\/a> pic.twitter.com\/bQut649Z7p<\/a><\/p>\n \u2014 Daan Crypto Trades (@DaanCrypto) October 2, 2025<\/a><\/p>\n\n \u201cThis is highly likely the beginning of a trending market for crypto,\u201d said<\/a> economist Alex Kr\u00fcger, who added, \u201cBTC ran through from $111k to $118k like a train, with a significant part of the move driven by short covering and spot buying.\u201d<\/p>\n Yet still, none of the CoinGlass bull market indicators have flashed up yet, suggesting that there is still more fuel in the tank.<\/p>\n Analyst \u2018Mr Anderson\u2019 observed that Bitcoin has traded above $100,00 for 147 straight days. \u201cNow? We\u2019ve been holding six figures for nearly five months\u2026 and people have been acting like it\u2019s a funeral,\u201d he said<\/a>.<\/p>\n The big market pump has also benefited the altcoins and renewed calls<\/a> for altseason. Ether was up around 5.3% tapping $4,400 in a two-week high, while XRP closed at $3 following a similar gain.<\/p>\n Other altcoins notching greater gains today include Solana, Dogecoin, Cardano, Chainlink, Hyperliquid, Stellar, and Sui.\u00a0Analyst \u2018CryptoBullet\u2019 observed that it is the highest that altcoin market capitalization (minus BTC and ETH) has reached on a monthly close for September.<\/p>\n #TOTAL3<\/a> highest monthly close EVER.<\/p>\n Do you realise how bullish that is for $Alts<\/a>? pic.twitter.com\/2n31T6sLkM<\/a><\/p>\n \u2014 CryptoBullet (@CryptoBullet1) October 1, 2025<\/a><\/p>\n\n The post Is Today\u2019s $165B Crypto Market Rally The Start of a Massive Bull Run?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Around $165 billion has entered the crypto market over the past 24 hours, pushing total capitalization to $4.16 trillion, a little shy of its all-time high as digital asset momentum returns. \u201cRisk appetite is incredibly strong,\u201d and at near record levels, observed the Kobeissi Letter, commenting on leverage equity exchange-traded funds. That risk has extended […]<\/p>\n","protected":false},"author":0,"featured_media":101477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-101476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/101476"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=101476"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/101476\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/101477"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=101476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=101476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=101476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Leads The Charge<\/h2>\n
Uptober Altseason Too?<\/h2>\n