Bitcoin pushed above $120,000 late Thursday, extending a robust run that started in September and saved rolling into October, a month merchants name Uptober for its bullish file.
The transfer adopted a fast rebound earlier within the week. After an intraday dip to $114,000 on Oct. 1, Bitcoin recovered to commerce close to $118,700 to $118,900 by Oct. 2, with highs reaching $119,500. The market leaned into seasonality, with Bitcoin posting common October positive factors of 14.4% since 2013.
Broader crypto joined the advance. Ether rose 3.2% to $4,536. XRP added 1.8% to $3.04, whereas Solana gained 4.2% to $233.80. The whole market worth climbed about 2% to $4.2 trillion.
The rally arrived regardless of a US authorities shutdown that started initially of the month. Buying and selling desks cited regular dip shopping for and This autumn repositioning, a well-recognized sample in previous Uptober phases.
$120,048.93#Bitcoin #BTC $BTC $USD
— Bitcoin (@Bitcoin) October 3, 2025
Bitcoin’s October Positive factors Echo A Lengthy Historical past Of Seasonal Energy
Gadi Chait, funding head at Xapo Financial institution, mentioned: “October has traditionally been a bullish month for Bitcoin, and early indicators counsel this 12 months could also be no exception. Even the US authorities shutdown that started initially of the month, the primary since 2018-2019, which furloughed over 90% of SEC employees and left the CFTC working with skeleton crews of 5-6%, hasn’t derailed momentum, exhibiting how resilient Bitcoin has grow to be of late.”
“Removed from being a speculative outlier, Bitcoin continues to indicate its potential to defy the percentages and assert itself as a digital asset with endurance. For long-term traders, the pattern is evident, Bitcoin’s energy is structural, not seasonal.”
Market veterans describe Uptober as a self-reinforcing mixture of calendar flows and danger urge for food. As funds rotate for year-end, liquidity improves and volatility typically skews increased, which has traditionally favored upside in Bitcoin.
BTC is trying amazing- however is that this rally sustainable? With BTC reaching historic highs and massively overextended on this week's unbelievable Uptober rally, are there indicators and indicators pointing to a correction- or a gravity-defying continuation to $124k and past… pic.twitter.com/ro6WYJ0knu
— Aaron Dishner (@MooninPapa) October 3, 2025
Derivatives Exercise Builds As Uptober Momentum Extends
Derivatives desks pointed to brisk exercise round key spherical numbers, whereas spot volumes improved into the shut. The tone echoed prior Octobers when momentum, as soon as established, tended to persist for days.
Regulatory uncertainty nonetheless looms, but the quick market learn signalled resilience. Merchants tracked headlines and monitored the tempo of approvals and steerage, whilst staffing at US companies thinned in the course of the shutdown.
Przemysław Kral, CEO of zondacrypto, mentioned: “The US authorities shutdown, now a actuality, can injury the crypto business by disrupting the SEC and CFTC, that are important to international digital asset markets.”
He warned that decreased staffing may sluggish innovation and dent investor confidence, with delays to steerage, approvals and enforcement. Work on objects such because the GENIUS Act and the CLARITY Act could slip, and open questions across the Anti-CBDC Act may linger, weakening belief.
Federal cost hiccups may nudge customers towards stablecoins, and an underpowered SEC might also sluggish crypto ETF choices. All of this might “provide business leaders an opportunity to foyer for clearer, quicker guidelines in post-shutdown finances talks,” he mentioned.
For now, momentum units the tone. If Uptober follows its typical script, merchants will watch whether or not $120,000 holds as help, whereas fund flows and macro cues steer the subsequent leg.
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