[LIVE] Crypto News Today, October 2 – Why Is Crypto Going Up? Bitcoin Near $119K, Market Eyes Next Crypto To Explode

The crypto market kicked off October with explosive momentum, adding $175 billion to the global crypto market cap in just 24 hours. The total now stands at $4.07 trillion, holding above a key psychological level as Bitcoin

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Bitcoin
BTC

$118,718.58


1.65%

Bitcoin
BTC


Price

$118,718.58

1.65% /24h





Volume in 24h

$58.32B
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Price 7d

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surged to $119,500, now trading at $118,589. With the world’s largest crypto pressing against the $120,000 resistance, traders are already asking which could be the next crypto to explode in Uptober’s bullish run.

October has a history of strong crypto performance, and this year is no exception. A mix of macro pressures like the U.S. government shutdown and ongoing weakness in the dollar, has driven capital toward Bitcoin and altcoins.

Spot Bitcoin ETFs added $676 million in net inflows on October 1 alone, while Ethereum ETFs saw more than $80 million, underscoring the growing role of institutional demand.

On October 1, Bitcoin spot ETFs recorded $676 million in net inflows, marking the third consecutive day of inflows. Ethereum spot ETFs saw $80.79 million in net inflows, also extending their streak to three consecutive days.https://t.co/Hj2Gs49bWa pic.twitter.com/qb0n59xwS3

— Wu Blockchain (@WuBlockchain) October 2, 2025

EXPLORE: 20+ Next Crypto to Explode In 2025

Altcoins Gain as Traders Hunt Next Crypto To Explode – Hyperliquid Recovers After Aster Attack

The rally is broadening beyond Bitcoin. Ethereum

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Ethereum
ETH

$4,381.52


1.86%

Ethereum
ETH


Price

$4,381.52

1.86% /24h





Volume in 24h

$35.38B
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, Solana

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Solana
SOL

$225.51


3.56%

Solana
SOL


Price

$225.51

3.56% /24h





Volume in 24h

$7.98B
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, Dogecoin

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Dogecoin
DOGE

$0.2584


6.43%

Dogecoin
DOGE


Price

$0.2584

6.43% /24h





Volume in 24h

$3.03B
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});

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, Cardano

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Cardano
ADA

$0.8537


2.16%

Cardano
ADA


Price

$0.8537

2.16% /24h





Volume in 24h

$1.25B
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, and Chainlink

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Chainlink
LINK

$22.52


1.10%

Chainlink
LINK


Price

$22.52

1.10% /24h





Volume in 24h

$869.46M
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 advanced 4–7%, lifting overall market sentiment. A short squeeze forced bearish traders to unwind positions, intensifying the upside momentum. Market watchers say a clean breakout above $4.05 trillion in total capitalization could open the door to further gains, while falling below $4.00 trillion risks a pullback toward $3.94 trillion.

Hyperliquid

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Hyperliquid
HYPE8

$49.43


3.91%

Hyperliquid
HYPE8


Price

$49.43

3.91% /24h





Volume in 24h

$441.30M
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Price 7d

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 broke through resistance at $47.7 and $48.2 with ease, now aiming above $50 if bulls maintain pressure. On shorter time frames, $49.75 remains the key level to beat for further upside. Traders see HYPE’s liquidity and recent revival of sentiment as potential drivers, putting it on watch as the next crypto to explode this month.

(Source: Coingecko)

Meanwhile, ASTER

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Aster
ASTER

$1.74


1.65%

Aster
ASTER


Price

$1.74

1.65% /24h





Volume in 24h

$656.24M
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Price 7d

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svg.css({‘width’: ‘100%’, ‘height’: ‘100%’});
svg.attr(‘preserveAspectRatio’, ‘xMidYMid meet’);
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 cooled off after last week’s highs, dropping around 35% to $1.69. Despite the correction, whales continue to accumulate, with just two wallets now holding 8% of supply worth $218 million. This dip-buying suggests confidence in ASTER’s longer-term trajectory.

With altcoins heating up, attention is shifting to the next crypto to explode.

The post [LIVE] Crypto News Today, October 2 – Why Is Crypto Going Up? Bitcoin Near $119K, Market Eyes Next Crypto To Explode appeared first on 99Bitcoins.

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