Who knew crypto could be as reliable as a Tuesday morning? 🙄 The markets have decided to throw a party in October, and Bitcoin is the guest of honor, hitting a seven-week high like it’s casually stopping by for coffee. ☕
Bitcoin (BTC) just added 4% to its 24-hour tally, hitting $119,450 on Coinbase. TradingView must be like, “Oh, you’re back? Cool, I’ll just chart this again.” According to the oracle of price charts.
This is the highest since August 14, which is basically crypto’s version of “I’ll be back.” But with more drama and a 7-week hiatus. 🎬
Bitcoin just cleared $117,500 like it’s walking through a door, but now it’s staring down $120,000 like, “Do you want a snack or do you want to break this?” If it cracks that, it’ll be the crypto equivalent of a comeback kid who also wins the sequel. 🚀
The market cap is now $4.16 trillion, and Bitcoin’s $2.37T is bigger than Amazon. Because why not? Who needs online shopping when you can just mine blocks? 🛒➡️⛏️
October is Bitcoin’s “I’m feeling lucky” month, with gains in 10 of the last 12 Octobers. CoinGlass must be like, “Surprise! Here’s another bull run.” 🎉
Labor market weakness leads to rate cuts
The U.S. job market is tighter than a crypto wallet during a bear market. 🤐 August’s job openings barely budged, and hiring? It’s taking a coffee break. ☕
This has the Fed sweating like they’re about to drop a 0.25% rate cut later this month. Because nothing says “economic stability” like a dip in consumer confidence. 📉
“The ADP report is front and center,” says Tony Sycamore from IG Markets. Because nothing screams “economic health” like a softer consumer confidence print. 🤷♀️
He also says unemployment might tick up to 4.4% in September. “Guaranteeing more Fed rate cuts,” he adds, like he’s narrating a rom-com where the economy and crypto finally get together. 💘
Nick Ruck from LVRG Research says Bitcoin’s rally shows it’s “increasingly sensitive to monetary policy.” Translation: It’s basically the economy’s ex, and it’s still the cool one. 😎
CME futures now say there’s a 99% chance of a rate cut on Oct. 29. Because why not make it a sure thing? 🎲
Altcoins are also on fire
Bitcoin’s not the only one flexing. Ether (ETH) hit $4,390, which is basically September 22’s dream in a mirror. 🪞
Solana, Dogecoin, Cardano, and friends are all up over 6% today. Altcoins aren’t just coins; they’re the wildcards of the crypto deck. 🃏
October 1st hits.
Bitcoin rips.
Tick, tock.
Next block.
– Anthony Pompliano 🌪 (@APompliano) October 2, 2025
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2025-10-02 07:22