[LIVE] Crypto News Today, October 3 – Bitcoin Price Breaks $120K As Altcoin Season Index Rises To 66: Best Crypto To Buy Now?

Crypto markets started October with renewed strength, as Bitcoin Bitcoin BTC $119,770.39 0.95% Bitcoin BTC Price $119,770.39 0.95% /24h Volume in 24h $57.98B Price 7d Learn more  climbed past $121,000 before retracing to around $119,800. The rally coincides with strong institutional inflows: Bitcoin ETFs recorded a net inflow of 5,643 BTC ($675M), with BlackRock contributing 3,451 BTC worth $412.87M, pushing its total holdings to 773,461 BTC ($92.5B). Ethereum ETFs also saw heavy action, adding 14,864 ETH ($65.6M) led by Fidelity, which now holds 772,054 ETH ($3.4B).

The Altcoin Season Index is rising (currently at 66), but it hasn’t yet crossed into full alt-season territory. For now, the expectation is that October will be led by a strong move in Bitcoin, after which altcoins may begin to take over the spotlight.

(Source: Coinmarketcap)

Bitcoin Price Action and Bears Call For Another Dip

BTC’s breakout above $120K was fueled by $1.6 billion in ETF inflows over just three days, led by BlackRock’s IBIT. Institutional allocation is creating a price floor, with traders eyeing a retest of August’s $124K high.

Still, not everyone is convinced the rally will hold. Bears highlight that much of the move has been perpetual futures-driven, leaving liquidity stacked below. If momentum stalls, analysts warn of a sharp retrace:

• $130K → $1.5B in liquidations
• $105K → $15B in liquidations

For now, buyers remain in control, but sub-$110K levels could act as major magnets if sentiment shifts.

$BTC at:

$130,000 = $1.5B liquidations

$105,000 = $15B liquidations

Which hits first? pic.twitter.com/3Insxe9DgE

— Ted (@TedPillows) October 2, 2025

Best Crypto To Buy: Altcoins and Meme Coin Momentum

The winner isn’t only on Bitcoin. The Altcoin Season Index at 66 suggests capital rotation into altcoins is strengthening. Avalanche gained attention after its affiliated entity AVAT revealed a $675M merger to list on Nasdaq by 2026.

But the most explosive action is in meme coins, which continue to attract retail traders looking for fast gains:

• SPX6900 SPX6900 SPX $1.25 0.86% SPX6900 SPX Price $1.25 0.86% /24h Volume in 24h $75.14M Price 7d Learn more has surged 31% in two days, now at $1.25.
• USELESS Useless Coin USELESS $0.2249 0.84% Useless Coin USELESS Price $0.2249 0.84% /24h Volume in 24h $23.84M Price 7d Learn more  is up 57% over the past week, supported by $76M in trading volume.
• 4, a meme coin launched on BSC just two days ago, touched a $190M market cap at its peak and now sits at $141M with over $271M daily volume.

(Source: Coingecko)

These breakouts demonstrate that despite Bitcoin’s dominance, liquidity is flowing into specific narratives.

14 minutes ago

Are Fan Tokens Making a Come Back? ALPINE Crypto Erupts as Chiliz Drops New Merch

By Fatima

Fan tokens get fresh momentum as Chiliz launches official merch auctions and Alpine’s ALPINE token whipsaws on heavy volume.

On Wednesday, Chiliz rolled out limited-edition merchandise bundles inside the Socios.com app, aiming to reward active fans and spark more activity across its sports-token network.

The bundles containing a T-shirt, hoodie, socks, hat, stickers, and a linked NFT are up for grabs from Oct. 1 through Oct. 18. Access is restricted to “Reward Points Auctions,” which require users to bid with points earned by staking fan tokens purchased with CHZ.

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The post [LIVE] Crypto News Today, October 3 – Bitcoin Price Breaks $120K As Altcoin Season Index Rises To 66: Best Crypto To Buy Now? appeared first on 99Bitcoins.