Key Takeaways
- The BTC price surged over 3% and reached $123,944 on Friday, 3rd October, 2025.
- The BTC is continuing its rally, trading near its all-time high.
- The surge in prices is attributed to technical breakout, increased institutional activity, anticipations around further interest rate cuts, and Uptober sentiments.
- Crypto experts predict that the price will further go up, as the current rally is supported by strong fundamentals such as increased corporate interest and institutional involvement.
The world’s largest cryptocurrency reached $123,944, a 3% increase, on October 3rd. The BTC is continuing its rally, trading near its all-time high. Price surge is fueled by a combination of strong technical signals, increased institutional activity, and Uptober sentiments.
Bitcoin Prices Jump Over 3% to $123,944
The BTC price surged over 3% and reached $123,944 on Friday, 3rd October, 2025. The world’s largest cryptocurrency is currently trading near its all-time high of $124,457.12. The BTC hit its all-time high back in August this year. As of today, 4th October, the BTC is continuing its rally and is priced $124,457.12. The trade volume had surged by 26.62% to reach $83.27 billion. The market cap is nearing $2.43 trillion. The flagship digital coin surpassed $123000 first time since 2022 amidst the US government shutdown.
What’s Fueling the Rally Today?
The surge in prices is attributed to factors such as technical breakout, increased institutional activity, anticipations around further interest rate cuts, and Uptober sentiments.
Technical Breakout
The BTC was able to hold above the critical Fibonacci support of $116,329 and $120,350. It’s currently trading near the cycle high. The market remains bullish with a Fear & Greed Index value of 71. The Fear & Greed value suggests that the investors are confident about a bullish run. Additionally, the BTC is trading above its 200-day simple moving average. The flagship coin also had 16 green days in the past 30 days. The 14-Day RSI stands at
67.57 further reinforces the bullish sentiments.
The following are the key technical indicators signaling bullish sentiments. The experts are further predicting a stronger October for BTC.
| Technical Indicators | Value |
|---|---|
| 14-Day RSI | 67.57 |
| 200-Day SMA | $ 104,714 |
| 50-Day SMA | $ 113,680 |
| Fear & Greed Index | 71 (Greed) |
The Increased Institutional Activities Coupled with Seasonal Sentiments
In addition to the strong technical signals, increased institutional activities and macroeconomic context are backing the rally. The prominent digital asset company, MARA Holdings, added 373 BTC to its reserves. The inflows into corporate treasuries are further reinforcing the increased institutional interest. The 373 BTC is valued at around $45.7 million. Just a few days ago, Michael Saylor’s strategy hit $77.4 billion market cap, surpassing many dominant financial institutions as BTC reached 120 K. The company purchased around 11,085 BTC in the past weeks preceding the surge in market cap.
Another major factor supporting the rally is the ‘Uptober’ sentiments; historically, October is the month when BTC becomes stronger. The world’s leading currency has shown a bullish streak in 10 out of the past 12 years. The trend is clearly visible in the following table.
| No. | Time | Price Fluctuations in October |
|---|---|---|
| 1 | 2024 | 10.76% |
| 2 | 2023 | 28.52% |
| 3 | 2022 | 5.56% |
| 4 | 2021 | 39.93% |
| 5 | 2020 | 27.70% |
| 6 | 2019 | 10.17% |
| 7 | 2018 | -3.83% |
| 8 | 2017 | 47.81% |
| 9 | 2016 | 14.71% |
| 10 | 2015 | 33.49% |
| 11 | 2014 | -12.95% |
| 12 | 2013 | 60.79% |
Hedging Against Uncertainties & Anticipations Around Fed Rate Cut
Along with the October optimism, the prevailing macroeconomic context seems to favour digital assets to hedge against uncertainties. The BTC, being the world’s largest and most established crypto token, is emerging as the biggest gainer. Additionally, some investors are adding BTC to the list of safe havens along with traditional assets due to expanded adaptations.
Moreover, the crypto investors are anticipating further rate cuts from the Fed. The lower interest rate would weaken the returns from the traditional savings, boosting the risk appetite for higher gains, resulting in a liquidy shift towards digital assets such as BTC. Historically, the BTC has gained from the Fed rate cuts.
Looking Forward
The billion-dollar question now is whether BTC can continue its rally and repeat its historic precedent in October. Crypto experts predict that the price will further go up, as the current rally is supported by strong fundamentals such as increased corporate interest and institutional involvement. Nevertheless, the crypto market is highly volatile, and moving from boom to bust often happens. Investors are advised to keep themselves updated about the latest market trends, keep track of key market parameters, and exercise caution.