This week Bitcoin (BTC) has risen by 13%, and we can expect an even more significant rally in October, as this month averages over 20% returns.
This year’s situation is particularly interesting, as Bitcoin’s price has been supported by favorable macroeconomic conditions since the start of 2025, including, as it turns out, the US government shutdown following the failure of the funding bill.
Since the beginning of the month, according to CoinMarket Cap, Bitcoin’s market capitalization has grown from $2,276 trillion to $2,40 trillion. This represents an increase of $124 billion, or nearly 5,5%.
This evening, the price of BTC rose to $123,800, which on the daily chart is equal to almost 3%.
With the $120,000 level recovered, investor confidence continues to improve, particularly in the ETF sector (ETF). For example, on Thursday, October 2, alone, BlackRock recorded an inflow of $446 million.
The activity of large holders is also noteworthy: in 48 hours, “whales” acquired more than 30,000 BTC worth approximately $3,6 billion.
Maintaining the $120,000 level will be critical in this case Bitcoin could set a new price record above $124,150. A drop below $120,000 could lead to further losses at the $118,000 level.