Serrari Group

Bitcoin Tops $114K as October Begins: Market Cap Nears $3.9 Trillion, PUMP Leads Gainers

The cryptocurrency market opened October 2025 with renewed volatility and cautious optimism. On October 1, Bitcoin (BTC), the flagship digital currency, surged past the $114,000 mark, setting a positive tone for traders and investors worldwide. Despite the gains in Bitcoin, the broader altcoin market showed mixed performance, with some tokens climbing while others slipped.

According to CoinMarketCap, the global crypto market capitalization stood at approximately $3.9 trillion, though it recorded a minor 24-hour dip of 0.26%. The Market Fear & Greed Index, a key sentiment tracker, remained neutral at 42 out of 100, reflecting investor caution amid a blend of macroeconomic and regulatory uncertainties.

Amid these shifts, Pump.fun (PUMP) emerged as the day’s top gainer, rallying by nearly 17%, while Aster (ASTER) was the biggest loser, shedding more than 18% in value.

Ready to level up your career? Join our expert-led Online courses in ACCA, HESI A2, ATI TEAS 7, HESI EXIT, NCLEX-RN, NCLEX-PN, and Financial Literacy. At Serrari Ed, we turn potential into achievement. Start your journey today!

Bitcoin Holds Above $114,000

At the time of reporting, Bitcoin was trading at $114,638, up 0.42% over the previous 24 hours. On major Indian exchanges, BTC’s price stood at around Rs 99.23 lakh.

Analysts attribute Bitcoin’s resilience to ongoing dollar weakness and heightened uncertainty over a possible U.S. government shutdown, which is encouraging investors to diversify into alternative assets such as crypto.

Edul Patel, CEO of Mudrex, noted that Bitcoin has found strong support at $114,500 but warned that it needs to break the $114,750 resistance level to maintain bullish momentum. Otherwise, the cryptocurrency could retest support zones around $112,200 before attempting another rally.

Meanwhile, the CoinSwitch Markets Desk highlighted that short-squeeze liquidations around the $110,000–$111,000 range played a key role in BTC’s latest surge, with technical charts forming a potential bull-flag pattern. Resistance sits near $115,700, and if breached, analysts see upside potential toward $120,000.

Ethereum Faces Selling Pressure

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, traded at $4,153.50, reflecting a 0.77% decline over 24 hours. In India, ETH was valued at Rs 3.65 lakh.

Despite the dip, Ethereum remains supported by strong staking flows and robust activity in decentralized finance (DeFi). CoinSwitch analysts noted that ETH managed to reclaim the $4,100 support level, though sellers continue testing its resilience.

Looking ahead, Ethereum’s performance is expected to be influenced by network upgrades and the ongoing expansion of layer-2 scaling solutions, which have reduced transaction fees and boosted adoption. According to Glassnode, Ethereum’s staking deposits and validator growth remain steady, suggesting long-term confidence in the network.

Dogecoin and Meme Coins: Holding the Line

Dogecoin (DOGE) saw a modest 0.46% gain, trading at $0.2335. In India, its price stood at Rs 20.79.

DOGE, alongside other meme coins, has been trading cautiously, reflecting a broader decline in speculative appetite. Still, analysts point to strong community engagement and its integration into payment platforms as potential catalysts for future rallies.

Other meme coins such as Shiba Inu (SHIB) and Pepe (PEPE) have followed similar trends, trading within narrow ranges as retail traders weigh risks against potential rewards.

Litecoin and Ripple: Mixed Signals

Litecoin (LTC) recorded a 0.18% uptick, trading at $106.26, while Ripple (XRP) fell 1.43%, dropping to $2.84.

Ripple’s ongoing legal battles with the U.S. Securities and Exchange Commission (SEC) remain a major overhang. Even so, the token benefits from adoption in cross-border payments, particularly through partnerships with institutions like SBI Holdings in Japan.

Litecoin, often considered the “silver to Bitcoin’s gold,” continues to maintain a stable base of users who rely on its low transaction fees and fast block times for payments.

Solana Continues to Struggle

Solana (SOL) traded at $209.54, down 0.39% over the previous 24 hours. In India, it was priced at Rs 18,650.91.

Despite being hailed as one of the most scalable blockchains, Solana has struggled with network outages and developer turnover. However, Solana remains a preferred platform for NFT projects and DeFi applications, supporting optimism about its long-term prospects.

According to Messari, Solana’s daily active addresses and DeFi total value locked (TVL) continue to trend upward, reflecting strong community and developer activity even amid price volatility.

Build the future you deserve. Get started with our top-tier Online courses: ACCA, HESI A2, ATI TEAS 7, HESI EXIT, NCLEX-RN, NCLEX-PN, and Financial Literacy. Let Serrari Ed guide your path to success. Enroll today.

Top Performers and Decliners

As per CoinMarketCap data, the day’s top gainers included:

  • Pump.fun (PUMP): $0.006365 (+16.47%)
  • Zcash (ZEC): $79.49 (+15.98%)
  • Aptos (APT): $4.45 (+4.38%)
  • Sky (SKY): $0.06752 (+4.12%)
  • Cronos (CRO): $0.1936 (+2.38%)

On the losing end, the top decliners were:

  • Aster (ASTER): $1.53 (-18.24%)
  • MYX Finance (MYX): $13.62 (-15.68%)
  • Artificial Superintelligence Alliance (FET): $0.5252 (-7.01%)
  • Lido DAO (LDO): $1.10 (-6.78%)
  • ether.fi (ETHFI): $1.42 (-6.69%)

These swings underscore the speculative nature of many altcoins, where double-digit percentage changes in a single day remain common.

Expert Views: “Uptober” Optimism

Market commentators are divided about the near-term direction of crypto prices.

Avinash Shekhar, CEO of Pi42, said October historically carries the nickname “Uptober” due to Bitcoin’s strong track record in past years. “If Bitcoin can hold above $115,000, it may open the path toward $120,000 in the coming weeks,” he explained.

The CoinDCX Research Team also pointed to Bitcoin’s tendency to deliver positive monthly closes in October, with nine out of the last ten years seeing gains. They attributed the recent rally partly to a weaker U.S. dollar, which is nudging investors toward alternative assets like crypto.

Parth Srivastava of 9Point Capital added that Bitcoin has absorbed near-term downside pressure, but warned that range-bound trading could dominate before a decisive breakout sets the tone.

Broader Market Dynamics

Macro Influence

The broader macroeconomic environment remains crucial for crypto markets. The Federal Reserve’s interest rate policies, rising inflation, and potential U.S. government shutdown are shaping investor sentiment. A weaker dollar tends to support Bitcoin and other cryptocurrencies, but sudden policy shifts could trigger volatility.

Institutional Adoption

Institutional players continue to expand their crypto exposure. According to Fidelity Digital Assets, institutional crypto trading volumes have risen by over 40% year-on-year, with hedge funds and asset managers diversifying into Bitcoin and Ethereum.

Major financial platforms like BlackRock and Fidelity are also awaiting approval for spot Bitcoin ETFs, which could further boost institutional participation.

Regulatory Landscape

On the regulatory front, countries like the U.S., India, and members of the European Union are introducing stricter frameworks to govern cryptocurrencies. While regulation may dampen speculative behavior, many analysts argue it will ultimately boost long-term investor confidence.

The Road Ahead

As October begins, crypto markets remain in a delicate balance. Bitcoin’s push above $114,000 sets an encouraging tone, but altcoins like Ethereum, Solana, and Dogecoin continue to show volatility.

The rise of Pump.fun demonstrates how quickly sentiment can shift in favor of emerging tokens, while losses in coins like Aster highlight the risks of overexposure to volatile assets.

For investors, the next major resistance levels for Bitcoin around $115,700–$120,000 will be key to watch. A breakout could cement bullish sentiment, while failure to hold support near $112,000 may trigger renewed sell-offs.

Meanwhile, Ethereum’s DeFi ecosystem, Solana’s scalability efforts, and Ripple’s legal saga will remain central themes shaping the altcoin landscape.

Final Word

The crypto market’s October kickoff has been anything but quiet. With Bitcoin reclaiming a critical milestone above $114K, traders and analysts are watching closely for signs of whether this momentum can be sustained.

In a market where optimism and caution often go hand-in-hand, one thing is clear: volatility remains the only constant.

Ready to take your career to the next level? Join our Online courses: ACCA, HESI A2, ATI TEAS 7 , HESI EXIT  , NCLEX – RN and NCLEX – PN, Financial Literacy!🌟 Dive into a world of opportunities and empower yourself for success. Explore more at Serrari Ed and start your exciting journey today! 

Track GDP, Inflation and Central Bank rates for top African markets with Serrari’s comparator tool.

See today’s Treasury bonds and Money market funds movement across financial service providers in Kenya, using Serrari’s comparator tools.

Photo source: Google

By: Montel Kamau

Serrari Financial Analyst

2nd October, 2025

Share this article:
Article, Financial and News Disclaimer

The Value of a Financial Advisor
While this article offers valuable insights, it is essential to recognize that personal finance can be highly complex and unique to each individual. A financial advisor provides professional expertise and personalized guidance to help you make well-informed decisions tailored to your specific circumstances and goals.

Beyond offering knowledge, a financial advisor serves as a trusted partner to help you stay disciplined, avoid common pitfalls, and remain focused on your long-term objectives. Their perspective and experience can complement your own efforts, enhancing your financial well-being and ensuring a more confident approach to managing your finances.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers are encouraged to consult a licensed financial advisor to obtain guidance specific to their financial situation.

Article and News Disclaimer

The information provided on www.serrarigroup.com is for general informational purposes only. While we strive to keep the information up to date and accurate, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

www.serrarigroup.com is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information on the website is provided on an as-is basis, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

In no event will www.serrarigroup.com be liable to you or anyone else for any decision made or action taken in reliance on the information provided on the website or for any consequential, special, or similar damages, even if advised of the possibility of such damages.

The articles, news, and information presented on www.serrarigroup.com reflect the opinions of the respective authors and contributors and do not necessarily represent the views of the website or its management. Any views or opinions expressed are solely those of the individual authors and do not represent the website's views or opinions as a whole.

The content on www.serrarigroup.com may include links to external websites, which are provided for convenience and informational purposes only. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, www.serrarigroup.com takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

Please note that laws, regulations, and information can change rapidly, and we advise you to conduct further research and seek professional advice when necessary.

By using www.serrarigroup.com, you agree to this disclaimer and its terms. If you do not agree with this disclaimer, please do not use the website.

www.serrarigroup.com, reserves the right to update, modify, or remove any part of this disclaimer without prior notice. It is your responsibility to review this disclaimer periodically for changes.

Serrari Group 2025