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

[Redator]

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 Bitcoin BTC $118,721.73 2.00% Bitcoin BTC Price $118,721.73 2.00% /24h Volume in 24h $61.63B Price 7d Learn more 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.

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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 Ethereum ETH $4,391.10 2.28% Ethereum ETH Price $4,391.10 2.28% /24h Volume in 24h $35.17B Price 7d Learn more , Solana Solana SOL $224.88 3.78% Solana SOL Price $224.88 3.78% /24h Volume in 24h $8.65B Price 7d Learn more , Dogecoin Dogecoin DOGE $0.2579 6.46% Dogecoin DOGE Price $0.2579 6.46% /24h Volume in 24h $3.35B Price 7d Learn more , Cardano Cardano ADA $0.8563 2.72% Cardano ADA Price $0.8563 2.72% /24h Volume in 24h $1.41B Price 7d Learn more , and Chainlink Chainlink LINK $22.55 1.67% Chainlink LINK Price $22.55 1.67% /24h Volume in 24h $938.63M Price 7d Learn more  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 Hyperliquid HYPE8 $49.11 4.76% Hyperliquid HYPE8 Price $49.11 4.76% /24h Volume in 24h $467.64M Price 7d Learn more  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 Aster ASTER $1.78 4.91% Aster ASTER Price $1.78 4.91% /24h Volume in 24h $692.73M Price 7d Learn more  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.

2 hours ago

ZCash (ZEC) Price Prediction: Surges 200% on Grayscale Thesis

By Fatima

Uptober is kicking off strong with Bitcoin climbing 4% back above $117,000 and altcoins joining the push higher. But the real surprise leader is Zcash (ZEC) crypto, which just ripped more than 100% in a single day, making it the top gainer among the top 100 coins.

This rally feels different from past spikes, with real demand showing up for privacy-focused tokens as regulatory winds shift. On Wednesday, ZEC smashed to a 3-year high at $153, up 225% in just a week and 320% from its August bottom.

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