Uptober
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X @CoinDesk
CoinDesk· 2025-10-01 18:47
RT CoinDesk (@CoinDesk)Happy Uptober to those who celebrate 🎃📊 ...
Bitcoin climbs above $118,000 as investors pin hopes on 'Uptober' bounce
Yahoo Finance· 2025-10-01 16:58
Core Insights - Bitcoin (BTC) surged over 4.5% to exceed $118,000 amid uncertainty from a potential US government shutdown and seasonal trends favoring crypto markets [1] - October has historically been a strong month for Bitcoin, with gains in 10 of the last 12 years, leading to the term "Uptober" [2] - The Treasury General Account remains well-funded, reducing concerns about liquidity being drained from crypto assets [4] Market Performance - Bitcoin experienced volatility, briefly dropping to $108,000 before rebounding, with analysts suggesting that false downside breakouts can set up bullish trends [3] - The token ended September 4% higher, setting a positive precedent for October gains [2] Stablecoin Dynamics - The supply of Circle's USDC stablecoin increased by 19% quarter-over-quarter to $73.6 billion, indicating strong demand and a shift from previous growth rates [5] - Stablecoin activity has been bolstered by recent legislation, providing additional support to the crypto market [4] - Demand for USDC is diversified across blockchains, with 62% on Ethereum, 14% on Solana, and 8% on Hyperliquid [6] Future Outlook - The anticipated rise in stablecoin adoption is expected to drive the next wave of crypto adoption, potentially impacting prices within 6 to 12 months [5] - A strong fourth quarter could pave the way for bullish targets in the crypto market [7]
X @Ignas | DeFi
Ignas | DeFi· 2025-10-01 16:54
Maybe we celebrate too earl.Don’t count your chickens before they hatch.https://t.co/dY7EuQbN2wMichael Saylor (@saylor):Happy Uptober 🚀 ...
Bitcoin Price Surge Leads the ‘Uptober’ Rally with Strong Start to Q4
Yahoo Finance· 2025-10-01 15:41
Core Insights - Bitcoin price has surged 3% as investors remain optimistic despite the US government shutdown, indicating a potential broader crypto market rally in Q4, historically a strong quarter for digital assets [1] - Bitcoin has surpassed the $116,500 mark, with gold reaching an all-time high of 3,890, suggesting a positive correlation between these assets amid favorable market conditions [2] - Analysts predict a dovish stance from Fed Chair Jerome Powell, which could further boost risk-on assets, including cryptocurrencies [2] Market Trends - Bitcoin's recent price action shows resilience, bouncing back after testing the $112,000 level, signaling bullish momentum as Q4 begins [3] - The outlook for October and the broader quarter remains positive, with expectations of continued strength in Bitcoin [3] Interest Rate Impact - There is an 88% chance of a 25 basis points Fed rate cut in October, which could enhance the attractiveness of risk assets like cryptocurrencies [4] - Lower interest rates may lead to more targeted inflows into Bitcoin, potentially transforming it into a yield-bearing asset class [4] Regulatory Developments - The Trump administration's decision on the Corporate Alternative Minimum Tax (CAMT) is seen as a move to strengthen the US position as a global hub for Bitcoin innovation [5]
BNB Chain News: Uptober Kicks Off as Gas Drops and RWA Arrives
Yahoo Finance· 2025-10-01 15:12
Core Insights - The crypto market is experiencing a positive trend, with Bitcoin nearing $117,000 and altcoins showing renewed activity, despite the recent U.S. Government shutdown [1] - The BNB Chain sector has demonstrated resilience, with a market capitalization increase of 0.7% week-on-week and 11.8% month-on-month, approaching its all-time high [2] BNB Chain Market Performance - The BNB Chain ecosystem remains stable amidst broader market volatility, being one of the few altcoin sectors to show positive growth [2] - BNB's strength has supported the market, even as most BEP-20 tokens faced declines, with some smaller tokens achieving gains over 25% [3][4] On-Chain Metrics - BNB Chain has surpassed Solana in daily active addresses and has seen a significant increase in on-chain revenue, primarily driven by the success of Aster (ASTER) [5] - However, there has been a decline in transaction volumes and decentralized exchange (DEX) activity [6] Recent Developments - BNB Chain has implemented a new minimum gas fee of 0.05 gwei and reduced block intervals to approximately 450ms, enhancing transaction efficiency and user experience [7] - Binance has continued its airdrop initiatives, recently adding OpenEden ($EDEN) for BNB stakers and subscribers [8]