{"id":89537,"date":"2025-10-03T10:14:52","date_gmt":"2025-10-03T07:14:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89537"},"modified":"2025-10-03T10:21:00","modified_gmt":"2025-10-03T07:21:00","slug":"bitcoin-hits-121000-ethereum-tops-4500","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-hits-121000-ethereum-tops-4500\/","title":{"rendered":"Bitcoin hits $121,000; Ethereum tops $4,500"},"content":{"rendered":"<p>The price of digital gold reached $121,000 for the first time since mid-August, when it <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-hits-a-record-above-124000\">set<\/a> a record above $124,000. The second-largest cryptocurrency rose to $4,500, marking a three-week high.<\/p>\n<p>At the time of writing, bitcoin trades around $120,000, up 1.3% over the past 24 hours.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"604\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-3a9415c6c0615d1c-5868012776661490-1024x604.png\" alt=\"image\" class=\"wp-image-266861\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-3a9415c6c0615d1c-5868012776661490-1024x604.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-3a9415c6c0615d1c-5868012776661490-300x177.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-3a9415c6c0615d1c-5868012776661490-768x453.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-3a9415c6c0615d1c-5868012776661490-1536x906.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-3a9415c6c0615d1c-5868012776661490.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Ethereum showed a stronger move, adding 2.4% over the past 24 hours. It is trading near $4,500.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"599\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-f31c9048228f5d4d-5868026715616552-1024x599.png\" alt=\"image\" class=\"wp-image-266862\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-f31c9048228f5d4d-5868026715616552-1024x599.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-f31c9048228f5d4d-5868026715616552-300x175.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-f31c9048228f5d4d-5868026715616552-768x449.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-f31c9048228f5d4d-5868026715616552-1536x899.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-f31c9048228f5d4d-5868026715616552.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of ETH\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3AETHUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Over the week, the second-largest cryptocurrency gained 13.5%, while the first added 2.5%. CryptoQuant analyst Axel Adler Jr noted that over the last quarter ETH has nearly matched BTC in growth.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Over the last quarter, Ethereum has nearly matched Bitcoin in annual performance. <a href=\"https:\/\/t.co\/ku0YEdxKCP\">pic.twitter.com\/ku0YEdxKCP<\/a><\/p>\n<p>\u2014 Axel \ud83d\udc8e\ud83d\ude4c Adler Jr (@AxelAdlerJr) <a href=\"https:\/\/twitter.com\/AxelAdlerJr\/status\/1973995460969844936?ref_src=twsrc%5Etfw\">October 3, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 class=\"wp-block-heading\">Bulls in control<\/h2>\n<p>The sector\u2019s market capitalisation rose 1.4% to $4.2 trillion. All top-10 assets by market value posted gains. BNB (+6.1%) and <a href=\"https:\/\/forklog.com\/en\/news\/what-is-solana-sol\">Solana<\/a> (+3.4%) stood out.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-42d9374f2d1af050-5868054799349103-1024x683.png\" alt=\"image\" class=\"wp-image-266863\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-42d9374f2d1af050-5868054799349103-1024x683.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-42d9374f2d1af050-5868054799349103-300x200.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-42d9374f2d1af050-5868054799349103-768x512.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-42d9374f2d1af050-5868054799349103-1536x1024.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-42d9374f2d1af050-5868054799349103.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>On a weekly basis, the altcoin rally was <a href=\"https:\/\/forklog.com\/en\/news\/privacy-coins-lead-the-altcoin-rally\">led<\/a> by privacy coins \u2014 <a href=\"https:\/\/forklog.com\/en\/news\/what-is-zcash-zec\">Zcash<\/a> (+148% over the week) and <a href=\"https:\/\/forklog.com\/en\/news\/what-is-the-dash-cryptocurrency-and-how-does-it-work\">Dash<\/a> (+64%).<\/p>\n<p>The latest leg higher in crypto was not accompanied by a cascade of liquidations. Over the past day, the tally reached $385 million.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"357\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-5eac7c85ff4283d6-5868068356436976-1024x357.png\" alt=\"image\" class=\"wp-image-266864\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-5eac7c85ff4283d6-5868068356436976-1024x357.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-5eac7c85ff4283d6-5868068356436976-300x105.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-5eac7c85ff4283d6-5868068356436976-768x268.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-5eac7c85ff4283d6-5868068356436976-1536x536.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-5eac7c85ff4283d6-5868068356436976.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">CoinGlass<\/a>.<\/figcaption><\/figure>\n<p>The <a href=\"https:\/\/forklog.com\/en\/news\/what-is-cryptos-fear-and-greed-index\">Fear Index<\/a> returned to the \u201cgreed\u201d zone, signalling bullish investor sentiment.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"473\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-fbf722ef70f5d0dc-5868081515309140-1024x473.png\" alt=\"image\" class=\"wp-image-266865\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-fbf722ef70f5d0dc-5868081515309140-1024x473.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-fbf722ef70f5d0dc-5868081515309140-300x138.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-fbf722ef70f5d0dc-5868081515309140-768x354.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-fbf722ef70f5d0dc-5868081515309140-1536x709.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-fbf722ef70f5d0dc-5868081515309140.png 1586w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">Alternative.me<\/a>.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">What is driving the crypto market?<\/h2>\n<p>One likely catalyst is the US government shutdown beginning on October 1. Market participants <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-tops-116000-as-us-government-shuts-down\">noted<\/a> that in three of the past five shutdowns this coincided with a rise in bitcoin\u2019s price.<\/p>\n<p>Historically, such events have not weighed on risk assets. According to The Kobeissi Letter, the S&amp;P 500 has risen during every shutdown since 1995.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">The near-term effects bring more volatility.<\/p>\n<p>The S&amp;P 500 tends to finish higher in just ~55% of cases at the end of the shutdown.<\/p>\n<p>In the 1970s and 1980s, this typically came with a sharp downturn.<\/p>\n<p>However, the S&amp;P 500 has finished higher during every shutdown since 1995. <a href=\"https:\/\/t.co\/CvMDF7aNhd\">pic.twitter.com\/CvMDF7aNhd<\/a><\/p>\n<p>\u2014 The Kobeissi Letter (@KobeissiLetter) <a href=\"https:\/\/twitter.com\/KobeissiLetter\/status\/1973107808351510730?ref_src=twsrc%5Etfw\">September 30, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Amid the budget deficit and rising inflation that a shutdown may bring, investors are using risk assets as a hedge. As <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-02\/bitcoin-hits-120-000-for-first-time-since-reaching-record-high\">Bloomberg<\/a> reports, market participants expect capital to flow into cryptocurrencies.<\/p>\n<p>Another positive factor is the resumption of steady inflows into spot <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a> based on bitcoin and Ethereum. Over the past week, exchange-traded funds focused on digital gold took in $2.2 billion \u2014 the highest since mid-September.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"322\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-330f4faf2d090bc0-5868106251082967-1024x322.png\" alt=\"image\" class=\"wp-image-266866\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-330f4faf2d090bc0-5868106251082967-1024x322.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-330f4faf2d090bc0-5868106251082967-300x94.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-330f4faf2d090bc0-5868106251082967-768x242.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-330f4faf2d090bc0-5868106251082967-1536x483.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-330f4faf2d090bc0-5868106251082967.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Weekly flows into and out of spot bitcoin ETFs. Source: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/Total_Crypto_Spot_ETF_Fund_Flow?page=usBTC\">SoSoValue<\/a>.<\/figcaption><\/figure>\n<p>Instruments based on the second-largest cryptocurrency attracted over $1 billion for the first time since late August.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"330\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-db942b03b5bf1247-5868124257931621-1024x330.png\" alt=\"image\" class=\"wp-image-266867\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-db942b03b5bf1247-5868124257931621-1024x330.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-db942b03b5bf1247-5868124257931621-300x97.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-db942b03b5bf1247-5868124257931621-768x247.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-db942b03b5bf1247-5868124257931621-1536x494.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-db942b03b5bf1247-5868124257931621.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Weekly flows into and out of spot Ethereum ETFs. Source: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/Total_Crypto_ETH_ETF_Fund_Flow?page=usETH\">SoSoValue<\/a>.<\/figcaption><\/figure>\n<p><a href=\"https:\/\/forklog.com\/en\/news\/analysts-elucidate-the-pattern-of-seasonal-rallies-in-q4\">Seasonality<\/a> also matters. In the crypto community, October has earned the nickname <span data-descr=\"derived from two English words: up and October\" class=\"old_tooltip\">Uptober<\/span>: historically, in this month bitcoin has almost always delivered positive returns, averaging about 20.6%.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"569\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-a5d43c1336c97fc0-5868149144215749-1024x569.png\" alt=\"image\" class=\"wp-image-266868\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-a5d43c1336c97fc0-5868149144215749-1024x569.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-a5d43c1336c97fc0-5868149144215749-300x167.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-a5d43c1336c97fc0-5868149144215749-768x427.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-a5d43c1336c97fc0-5868149144215749-1536x854.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-a5d43c1336c97fc0-5868149144215749.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coinglass.com\/today\">CoinGlass<\/a>.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cSeptember has traditionally shown the worst performance for bitcoin on an annual basis, whereas the fourth quarter consistently delivers the best results. I am not a huge fan of seasonality theory, but I must admit: these patterns often have a self-reinforcing effect,\u201d said Syncracy Capital co-founder Ryan Watkins in a comment to Bloomberg.<\/em><\/p>\n<\/blockquote>\n<p>Optimism is also buoyed by expectations of a second rate cut by the <span data-descr=\"United States Federal Reserve System\" class=\"old_tooltip\">Fed<\/span> in October. Nearly 98% of market participants are betting on <a href=\"https:\/\/forklog.com\/en\/news\/fed-cuts-key-rate-bitcoin-holds-at-117000\">further<\/a> monetary easing.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"529\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-8e0d7ef82a53fbfc-5868171892117313-1024x529.png\" alt=\"image\" class=\"wp-image-266869\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-8e0d7ef82a53fbfc-5868171892117313-1024x529.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-8e0d7ef82a53fbfc-5868171892117313-300x155.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-8e0d7ef82a53fbfc-5868171892117313-768x396.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-8e0d7ef82a53fbfc-5868171892117313-1536x793.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-8e0d7ef82a53fbfc-5868171892117313.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\">CME FedWatch<\/a>.<\/figcaption><\/figure>\n<p>Earlier, experts <a href=\"https:\/\/forklog.com\/en\/news\/analysts-point-to-healthy-market-dynamics-for-bitcoin\">confirmed<\/a> bitcoin\u2019s \u2018healthy dynamics\u2019 and <a href=\"https:\/\/forklog.com\/en\/news\/analysts-identify-conditions-for-bitcoins-rise-to-200000\">forecast<\/a> a rise to $200,000 by year-end.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin reached $121,000 for the first time since mid-August, when it set a record above $124,000. Ethereum rose to $4,500, a three-week high.<\/p>\n","protected":false},"author":1,"featured_media":89538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"All top-10 cryptocurrencies also gained.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,569,46,1145,1159],"class_list":["post-89537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-etf","tag-ethereum","tag-market-analysis","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"68","promo_type":"1","layout_type":"1","short_excerpt":"All top-10 cryptocurrencies also gained.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=89537"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89537\/revisions"}],"predecessor-version":[{"id":89539,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89537\/revisions\/89539"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/89538"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=89537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=89537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=89537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}