# Bitcoin Nears New Record Prices as Q4 Rally Gains Momentum

*Author: Bankless*
*Published: Oct 3, 2025*
*Source: https://www.bankless.com/read/news/bitcoin-nears-new-record-prices-as-q4-rally-gains-momentum*

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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](https://www.bankless.com/read/news/crypto-prices-rips-despite-government-shutdown-weak-employment-report) 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](https://polymarket.com/event/what-price-will-bitcoin-hit-in-october-985?tid=1759511399945) a 77% chance to BTC trading new all-time highs above $126k by the end of October.

> BREAKING: Bitcoin approaches all time high.[https://t.co/8uShawTrHs](https://t.co/8uShawTrHs)— Polymarket (@Polymarket) [October 3, 2025](https://twitter.com/Polymarket/status/1974154303071039798?ref_src=twsrc%5Etfw)
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