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Crypto tokens have been pumping during the first few days of October. BTC was within half a percentage point of new all-time highs on Friday morning after climbing to highs above $123k and rallying 14% on the week.
What's the Scoop?
- Near-Record Levels: BTC traded below $110,000 last weekend but has since rallied sharply, compounding its weekly wins with 3% gain in the last 24 hours.
- Alt Softness: Prominent altcoins like ETH and SOL lead the rally at the start the week, but have since taken a back seat. The ETH/BTC ratio is now flat on the week after falling by 3% during Friday trading.
- Mixed Macro: Despite the shocks of a United States federal government shutdown on October 1 and weaker than expected employment data, risk assets continue to rally, potentially bolstered by near certainty for October rate cuts.
- ATH Odds: Prediction market platform
Polymarket has bettors assigning a 77% chance to BTC trading new all-time highs above $126k by the end of October.
BREAKING:
— Polymarket (@Polymarket) October 3, 2025Bitcoin approaches all time high.https://t.co/8uShawTrHs
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