Bitcoin surpassed the $124,000 mark and headed for a new all-time high as the bullish October sentiment picked early momentum. The top coin’s price surge saw the total cryptocurrency market capitalization climb to over $4.15 trillion, with Ethereum’s steady climb to above $4,600 notable. Meanwhile, the leading altcoins sector had XRP and Solana post slight gains above key levels. A lot of the upside for Bitcoin came after the US government went into shutdown, driving risk assets higher as the dollar collapsed. On Friday, stocks extended gains and BTC mirrored the overall uptick despite the shutdown seeing the Bureau of Labor Statistics not release the September jobs report. BNB is among standout performers after hitting a new all-time high above $1,110. Meanwhile, Bitcoin Cash, Litecoin, Zcash and ether.fi are among the top gainers. Bitcoin hits $124k amid risk-on sentiment Bitcoin traded to highs near $124k on major crypto exchanges like Coinbase, rising by more than 3% as bears scrambled. This left BTC just 1% shy of a new all-time high. Bitcoin Magazine @BitcoinMagazine · Follow JUST IN: $124,000 #Bitcoin LESS THAN 0.5% AWAY FROM A NEW ATH! 🚀 x.com/i/broadcasts/1… 10:06 PM · Oct 3, 2025 884 Reply Copy link Read 73 replies This surge came after BTC passed the psychologically significant $120k threshold, and followed a period of consolidation. But bolstered by institutional inflows and historical October seasonality, BTC climbed. Macro sentiment amid the US government shutdown provided fresh fuel for bulls. Analysts now predict a new all-time high, with banks including Standard Chartered eyeing a run to $135k in 2025. Ethereum breaks above $4,500 mark Ethereum (ETH) continued its upward trajectory on Friday, Oct. 3, as it jumped to highs of $4,592. The top altcoin’s price hit a multi-week high as bulls rallied alongside BTC through the week. Weekly gains for ETH stood at over 12% as of writing, despite the price slipping off intraday highs. As has happened over the past months, Ethereum’s value has traded higher amid key network growth, decentralized finance resurgence and institutional buying. Recent integrations, such as SWIFT’s collaboration with Consensys for ledger prototypes, highlight Ethereum’s enterprise appeal. Also, ETF-driven liquidity continues to position ETH for further gains. Crypto analyst Carl Moon noted on X: Carl Moon @TheMoonCarl · Follow Slight rejection here on $ETH at the daily level and range poc, if we can close this daily candle above it we might see $ETH ath next week!🟨 Trade $ETH on WEEX: themoon.co/WEEXcharts 👉 20% Deposit Bonus + Get 10-100 USDT Coupon by Binding Phone & Email + Trading Rewards 10:55 PM · Oct 3, 2025 27 Reply Copy link Read 20 replies Short term, the target is $5,000, but if macroeconomic tailwinds persist, bulls could eye highs of $10,000 in the coming months. Solana eyes $250 Solana (SOL) is setting its sights on $250 after bulls broke to highs of $236. Solana’s ecosystem has exploded with DeFi protocols, memecoins, and gaming dApps, but its ETF hype has driven the most value in recent weeks. On Friday, the token surged amid gains for Bitcoin and Ethereum. Having reached highs of $294 at its last run to an all-time high, $300 is a key target. With that recent all-time high in sight, analysts project SOL could test $500 or higher amid ‘Uptober” sentiment. XRP holds above $3.00 XRP traded at $3.04 at the time of writing, up nearly 10% this past week but off intraday highs of $3.10. Despite the pullback in recent weeks, the Ripple token remains one of the biggest gainers in the past year, with an uptick of over 480%. Like Solana, Litecoin and Dogecoin, impending ETF decisions are key catalysts. Momentum could see bulls rally past $3.84, an all-time high reached in 2018. That mark is just 20% off at current XRP price levels. The post Crypto wrap: Bitcoin hits $124k and ETH rises to $4,500 as XRP, SOL gain appeared first on Invezz
