2025-10-03 08:15
publication
2025-10-03 08:15
On Friday morning, Bitcoin's valuation exceeded the level of USD 120,000 for the first time since mid -August, gaining almost 10% within a week. A wide cryptocurrency market is also growing. Investors hope that traditionally successful for these assets October will once again bring them profits.
On Friday, October 3 at 7:30, the Bitcoin course was 120,079 USD, and its quotations gained exactly 9.7% per week – they showed Coingcko data. The first cryptocurrency continues the rally, during which it gained 2% on Thursday and 4.5% on Wednesday.
The threshold of USD 120,000 was pierced by Bitcoin at night on October 2 and currently from a record valuation, i.e. 124,28 USD achieved on August 14, it is only 3.2%divided it.
Increases on the cryptocurrency market are not limited to the most important asset. On Friday morning, Ethereum found one step away from the threshold of USD 4,500, gaining 13% per week. The XRP exchange rate exceeded $ 3, gaining almost 10% in the last 7 days. BNB (+15.9%in a week), Solana (+17.7%) and Dogecoin (+14%) were doing even better.
Why do cryptocurrencies grow? Investors are counting on hot October
Increases on the cryptocurrency market occur when the American administration “shutdown”. The behavior of the markets shows, however, that the lack of political consent to increasing debt and forced vacation of sets of thousands of governmental employees in the USA do not worry particularly investors. The result of limiting the work of federal agencies will be the lack of some economic readings from the United States – e.g. the expected Friday report on the labor market in September.
Under these conditions, during the October decision to reduce interest rates, the Fed may be guided by the Wednesday ADP report regarding wages in the private sector, which presented the gloomy image of the labor market, strengthening the arguments for further cuts.
Cryptocurrency investors probably also count on seasonality. October was historically the strongest month for Bitcoin. The most important cryptocurrency achieved profits for 10 out of the last 12 years. Seasonality is also conducive to the fourth quarter, because Bitcoin ended him with an increase in 4 out of the last 5 cases.
In addition, the funds flow again to bitcoin ETFs listed on the US stock exchanges. On Thursday, they attracted USD 675.8 million, which was the highest result from September 10. At the same time, the value of the assets of the Bitcoin Fund from Blackrock exceeded USD 90.7 billion, which, according to Bloomberg's analyst, Eric Balchunas, classifies it in the top twenty of the largest ETF funds in the world.
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