Bitcoin reclaims $125K after weekend dip, ASTER, CAKE, MNT leads gainers
Bitcoin continued trading near record highs today after a brief weekend pullback that appeared to reflect expected profit-taking, a common pattern during short-term rallies.
Despite the minor dip, market sentiment remained firmly tilted in favour of the bulls.
The total cryptocurrency market capitalisation climbed steadily throughout the day, driven by a late-session push from Bitcoin.
It briefly hit a new all-time high of $4.38 trillion, rising roughly 2% over the past 24 hours.
Although overall sentiment dipped slightly compared to the previous day, it remained firmly in “greed” territory.
The crypto fear and greed index stood at 71 at the time of writing, still reflecting a strong risk-on environment.
Altcoins had a relatively quieter session, with most of the action concentrated in low-cap tokens.
Gains among the top cryptocurrencies were more subdued, with major players seeing limited upside during the day.
Why is Bitcoin price up today?
Today’s Bitcoin rally has been supported primarily by market demand across both retail and institutional quarters, which has been backed by a favourable macro environment and bullish market sentiment about October and the remainder of the fourth quarter.
The current uptick builds on a broader pattern of accumulation, with institutions continuing to pour billions into the market through regulated products and direct purchases.
Spot Bitcoin ETFs recorded more than $3.25 billion in net inflows last week alone, pushing the total since their launch above $60 billion.
The iShares Bitcoin Trust, one of the most prominent of these funds, has now surpassed $96 billion in assets under management, underscoring just how significant institutional demand has become in shaping market direction.
This steady inflow of capital not only reflects increased confidence from traditional finance players but also continues to tighten available supply, creating upward pressure on price, which is a major bull signal for those looking to trade Bitcoin in the short-term.
The Federal Reserve’s recent shift in monetary policy has also played a major role in fuelling the rally.
After months of elevated interest rates, the central bank began cutting rates last month, reducing them by 25 basis points.
With several soft economic data prints now pointing to further weakness, such as the ADP report showing a 36,000 job loss in September and a downturn in the ISM services PMI, the probability of more cuts in the coming months has increased.
A looser monetary environment tends to benefit assets like Bitcoin, which are often viewed as hedges against currency debasement and macroeconomic uncertainty.
In the meantime, the ongoing US government shutdown has reintroduced fiscal risk into the equation, which could force the Fed to maintain or even accelerate its easing cycle to prevent a deeper economic contraction.
These conditions have historically created favourable setups for Bitcoin and other non-sovereign stores of value.
Seasonality is another key driver. October has typically been a strong month for Bitcoin, with the coin recording gains in eight fourth quarters since 2013 and delivering an average Q4 return of nearly 79%.
With investors already eyeing the possibility of additional ETF approvals, particularly for Ethereum and select altcoins, momentum remains firmly to the upside.
Although Bitcoin briefly pulled back to $122,605 over the weekend, buyers defended that level strongly and managed to reclaim $124,000, reestablishing short-term support and confirming that bullish momentum remains intact.
Will Bitcoin price go up or crash?
After hitting a fresh all-time high over the weekend, Bitcoin has entered what many see as a typical post-peak cooldown.
It is now hovering just below key resistance as the week begins.
Some traders framed the recent action as a “classic weekend squeeze and retrace,” with Daan Crypto Trades pointing to the gap that formed at the futures open, only to be filled almost immediately, a move that suggests the market remains technically disciplined, not overextended.
For now, all eyes are on the $123,000 to $125,000 region. Crypto Tony, who has been tracking short-term setups closely, flagged this area as pivotal.
His view is that Bitcoin has reached a “crucial resistance level,” and how it behaves here could set the tone for the next leg.
This region has seen repeated interaction, and although Bitcoin briefly moved above it, the push appeared to be largely perp-driven, according to fellow analyst Ted pillows, meaning it may not have the backing of spot or institutional buyers just yet.
Pillows added that Bitcoin’s weekend breakout lacked broad confirmation, and any follow-through will likely require institutional players to step in again, much like they did last week during the ETF inflow wave.
Similarly, well-followed trader Rekt Capital pointed out that Bitcoin’s daily close above $123,400 was the “exact” move needed to kick off a proper range breakout that may now be in play.
“Looks like a breakout is confirmed, just needs to hold above $123.4k for follow-through,” the analyst wrote on X.
From a macro-technical perspective, Ledn’s John Glover says the fate of an upside rally now hinges on wether bulls are able clear the $125,000 resistance.
If Bitcoin price can desisively clear the $125,000 barrier, then the door opens for a run toward $145,000 by year-end.
However, if this level gets rejected multiple times, Glover thinks it may signal the start of a larger downtrend.
The 24-hour liquidation heatmap adds valuable context to this standoff.
Liquidity bands have thickened around $123,000 to $124,000, suggesting recent short liquidations and leveraged positions were cleared in this zone.
That makes it a natural support pocket for now. A slide back into this range would likely attract dip buyers again, especially if spot demand holds up.
Below that, the next notable shelf sits near $122,000, which also saw sizable activity earlier in the day, providing additional downside protection if bulls momentarily lose grip.
Above current levels, the heatmap shows a rising wall of liquidation pressure beginning at $125,000 and intensifying toward $126,800, which means a clean breakout could force short-covering and fuel a sharp move higher.
But that is a big “if.” Repeated failures to break through the $125,000 barrier could eventually spook some of the fast money out of the trade.
If that happens, price could pull back sharply toward the $120,000 level, where deeper liquidity and stronger structural support exist, as indicated by darker liquidation zones on the map.
At press time, the flagship cryptocurrency was back above $125,000, which is in line with what many analysts had outlined as the key threshold for validating a breakout.
Holding this level through the daily close would not only confirm the momentum seen over the past 48 hours but also pave the way for a potential run toward the $130,000 region, especially if volume continues to build and institutional flows remain strong.
Top altcoin gainers today
The total market cap of all altcoins combined increased by 3.1% over the past 24 hours to $1.97 trillion at the time of writing, as the market sentiment turned highly bullish, with the Altcoin Season Index rebounding to 69 from 59 seen yesterday.
This is backed by the historical trend that when Bitcoin consolidates after hitting a new all-time high, altcoin rallies typically follow as investors rotate profits into the broader market.
However the performances of the top cryptocurrencies remained relatively muted over the past 24 hours.
Ethereum (ETH), the leading altcoin by market cap, rose 2% over the period to $4,670 after bulls managed to defend the $4,400 support level earlier in the day.
Other major cryptocurrencies, such as BNB (BNB), Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) posted gains ranging between 2-5%, and only nine among the 99 largest altcoins by market cap saw losses on the day.
Among the top gainers, Astar (ASTR) led the market with a 15% rise, followed by PancakeSwap (CAKE) and Mantle (MNT), which gained 13.5% and 12% respectively.
Source: CoinMarketCap
Aster: ASTER’s surge today was mostly driven by Binance’s move to add support for the token.
Big exchange listings like this tend to put a spotlight on the project, making it more accessible to a broader group of investors and often triggering a wave of fresh buying interest.
Anticipation for the conclusion of Stage 2 of Aster’s points farming campaign and an upcoming airdrop may also be driving investor demand in the token.
Investors have grown increasingly bullish on the BNB ecosystem due to the strong recent performance of its native token and its expanding role in DeFi and RWA sectors, factors that may be giving Astar’s price an extra lift, especially as it operates as a perpetual DEX on the BNB Chain.
PancakeSwap: Much like Aster, CAKE has been riding the wave of bullish momentum around the BNB ecosystem, especially as PancakeSwap remains the network’s largest decentralized exchange by trading volume and user base.
Today, CAKE rebounded following the launch of CAKE.PAD, a streamlined platform that gives users early access to new token launches without the need for staking or lock-ups, just a simple commitment of CAKE from a non-custodial wallet.
The token’s gains also appear to be getting a boost from PancakeSwap’s ongoing buyback strategy, which is part of its broader push to make CAKE deflationary over time.
Mantle: MNT rallied to an all-time high today due to its growing role as a leading contender in the RWA space with the recent introduction of its Tokenization-as-a-Service platform.
Another major catalyst behind the recent rally has been the Trump family-backed World Liberty Financial’s decision to deploy its native stablecoin USD1 stablecoin on the Mantle network, a move that is expected to enhance liquidity within the Mantle ecosystem.
Further, crypto exchange Bybit recently expanded its MNT trading pairs and rolled out a high-yield staking program for MNT holders, helping drive more trading activity and incentivising long-term holding among investors.
The post Bitcoin reclaims $125K after weekend dip, ASTER, CAKE, MNT leads gainers appeared first on Invezz
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Bitcoin reclaims $125K after weekend dip, ASTER, CAKE, MNT leads gainers
Bitcoin continued trading near record highs today after a brief weekend pullback that appeared to reflect expected profit-taking, a common pattern during short-term rallies.
Despite the minor dip, market sentiment remained firmly tilted in favour of the bulls.
The total cryptocurrency market capitalisation climbed steadily throughout the day, driven by a late-session push from Bitcoin.
It briefly hit a new all-time high of $4.38 trillion, rising roughly 2% over the past 24 hours.
Although overall sentiment dipped slightly compared to the previous day, it remained firmly in “greed” territory.
The crypto fear and greed index stood at 71 at the time of writing, still reflecting a strong risk-on environment.
Altcoins had a relatively quieter session, with most of the action concentrated in low-cap tokens.
Gains among the top cryptocurrencies were more subdued, with major players seeing limited upside during the day.
Why is Bitcoin price up today?
Today’s Bitcoin rally has been supported primarily by market demand across both retail and institutional quarters, which has been backed by a favourable macro environment and bullish market sentiment about October and the remainder of the fourth quarter.
The current uptick builds on a broader pattern of accumulation, with institutions continuing to pour billions into the market through regulated products and direct purchases.
Spot Bitcoin ETFs recorded more than $3.25 billion in net inflows last week alone, pushing the total since their launch above $60 billion.
The iShares Bitcoin Trust, one of the most prominent of these funds, has now surpassed $96 billion in assets under management, underscoring just how significant institutional demand has become in shaping market direction.
This steady inflow of capital not only reflects increased confidence from traditional finance players but also continues to tighten available supply, creating upward pressure on price, which is a major bull signal for those looking to trade Bitcoin in the short-term.
The Federal Reserve’s recent shift in monetary policy has also played a major role in fuelling the rally.
After months of elevated interest rates, the central bank began cutting rates last month, reducing them by 25 basis points.
With several soft economic data prints now pointing to further weakness, such as the ADP report showing a 36,000 job loss in September and a downturn in the ISM services PMI, the probability of more cuts in the coming months has increased.
A looser monetary environment tends to benefit assets like Bitcoin, which are often viewed as hedges against currency debasement and macroeconomic uncertainty.
In the meantime, the ongoing US government shutdown has reintroduced fiscal risk into the equation, which could force the Fed to maintain or even accelerate its easing cycle to prevent a deeper economic contraction.
These conditions have historically created favourable setups for Bitcoin and other non-sovereign stores of value.
Seasonality is another key driver. October has typically been a strong month for Bitcoin, with the coin recording gains in eight fourth quarters since 2013 and delivering an average Q4 return of nearly 79%.
With investors already eyeing the possibility of additional ETF approvals, particularly for Ethereum and select altcoins, momentum remains firmly to the upside.
Although Bitcoin briefly pulled back to $122,605 over the weekend, buyers defended that level strongly and managed to reclaim $124,000, reestablishing short-term support and confirming that bullish momentum remains intact.
Will Bitcoin price go up or crash?
After hitting a fresh all-time high over the weekend, Bitcoin has entered what many see as a typical post-peak cooldown.
It is now hovering just below key resistance as the week begins.
Some traders framed the recent action as a “classic weekend squeeze and retrace,” with Daan Crypto Trades pointing to the gap that formed at the futures open, only to be filled almost immediately, a move that suggests the market remains technically disciplined, not overextended.
For now, all eyes are on the $123,000 to $125,000 region. Crypto Tony, who has been tracking short-term setups closely, flagged this area as pivotal.
His view is that Bitcoin has reached a “crucial resistance level,” and how it behaves here could set the tone for the next leg.
This region has seen repeated interaction, and although Bitcoin briefly moved above it, the push appeared to be largely perp-driven, according to fellow analyst Ted pillows, meaning it may not have the backing of spot or institutional buyers just yet.
Pillows added that Bitcoin’s weekend breakout lacked broad confirmation, and any follow-through will likely require institutional players to step in again, much like they did last week during the ETF inflow wave.
Similarly, well-followed trader Rekt Capital pointed out that Bitcoin’s daily close above $123,400 was the “exact” move needed to kick off a proper range breakout that may now be in play.
“Looks like a breakout is confirmed, just needs to hold above $123.4k for follow-through,” the analyst wrote on X.
From a macro-technical perspective, Ledn’s John Glover says the fate of an upside rally now hinges on wether bulls are able clear the $125,000 resistance.
If Bitcoin price can desisively clear the $125,000 barrier, then the door opens for a run toward $145,000 by year-end.
However, if this level gets rejected multiple times, Glover thinks it may signal the start of a larger downtrend.
The 24-hour liquidation heatmap adds valuable context to this standoff.
Liquidity bands have thickened around $123,000 to $124,000, suggesting recent short liquidations and leveraged positions were cleared in this zone.
That makes it a natural support pocket for now. A slide back into this range would likely attract dip buyers again, especially if spot demand holds up.
Below that, the next notable shelf sits near $122,000, which also saw sizable activity earlier in the day, providing additional downside protection if bulls momentarily lose grip.
Above current levels, the heatmap shows a rising wall of liquidation pressure beginning at $125,000 and intensifying toward $126,800, which means a clean breakout could force short-covering and fuel a sharp move higher.
But that is a big “if.” Repeated failures to break through the $125,000 barrier could eventually spook some of the fast money out of the trade.
If that happens, price could pull back sharply toward the $120,000 level, where deeper liquidity and stronger structural support exist, as indicated by darker liquidation zones on the map.
At press time, the flagship cryptocurrency was back above $125,000, which is in line with what many analysts had outlined as the key threshold for validating a breakout.
Holding this level through the daily close would not only confirm the momentum seen over the past 48 hours but also pave the way for a potential run toward the $130,000 region, especially if volume continues to build and institutional flows remain strong.
Top altcoin gainers today
The total market cap of all altcoins combined increased by 3.1% over the past 24 hours to $1.97 trillion at the time of writing, as the market sentiment turned highly bullish, with the Altcoin Season Index rebounding to 69 from 59 seen yesterday.
This is backed by the historical trend that when Bitcoin consolidates after hitting a new all-time high, altcoin rallies typically follow as investors rotate profits into the broader market.
However the performances of the top cryptocurrencies remained relatively muted over the past 24 hours.
Ethereum (ETH), the leading altcoin by market cap, rose 2% over the period to $4,670 after bulls managed to defend the $4,400 support level earlier in the day.
Other major cryptocurrencies, such as BNB (BNB), Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) posted gains ranging between 2-5%, and only nine among the 99 largest altcoins by market cap saw losses on the day.
Among the top gainers, Astar (ASTR) led the market with a 15% rise, followed by PancakeSwap (CAKE) and Mantle (MNT), which gained 13.5% and 12% respectively.
Source: CoinMarketCap
Aster: ASTER’s surge today was mostly driven by Binance’s move to add support for the token.
Big exchange listings like this tend to put a spotlight on the project, making it more accessible to a broader group of investors and often triggering a wave of fresh buying interest.
Anticipation for the conclusion of Stage 2 of Aster’s points farming campaign and an upcoming airdrop may also be driving investor demand in the token.
Investors have grown increasingly bullish on the BNB ecosystem due to the strong recent performance of its native token and its expanding role in DeFi and RWA sectors, factors that may be giving Astar’s price an extra lift, especially as it operates as a perpetual DEX on the BNB Chain.
PancakeSwap: Much like Aster, CAKE has been riding the wave of bullish momentum around the BNB ecosystem, especially as PancakeSwap remains the network’s largest decentralized exchange by trading volume and user base.
Today, CAKE rebounded following the launch of CAKE.PAD, a streamlined platform that gives users early access to new token launches without the need for staking or lock-ups, just a simple commitment of CAKE from a non-custodial wallet.
The token’s gains also appear to be getting a boost from PancakeSwap’s ongoing buyback strategy, which is part of its broader push to make CAKE deflationary over time.
Mantle: MNT rallied to an all-time high today due to its growing role as a leading contender in the RWA space with the recent introduction of its Tokenization-as-a-Service platform.
Another major catalyst behind the recent rally has been the Trump family-backed World Liberty Financial’s decision to deploy its native stablecoin USD1 stablecoin on the Mantle network, a move that is expected to enhance liquidity within the Mantle ecosystem.
Further, crypto exchange Bybit recently expanded its MNT trading pairs and rolled out a high-yield staking program for MNT holders, helping drive more trading activity and incentivising long-term holding among investors.
The post Bitcoin reclaims $125K after weekend dip, ASTER, CAKE, MNT leads gainers appeared first on Invezz
Read More
Last Week Crypto Hit Record Inflows at $5.95B: CoinShares