The global cryptocurrency market started the week strong, with Bitcoin touching $114,000 at the Wall Street open. However, traders remain cautious as a new CME futures gap at $110,000 raises expectations of a correction. Despite this, optimism for a bullish “Uptober” continues to build, backed by rising U.S. stocks and record-high gold prices.
Market Overview
Bitcoin’s rebound has injected momentum into the broader market, pushing Ethereum and Solana higher. Still, traders warn that BTC’s rally may cool off if the CME gap is filled. Meanwhile, overall liquidations in the crypto market crossed $400 million in 24 hours, highlighting increased volatility.
Gold’s surge above $3,800 per ounce and Wall Street’s green opening also provided bullish sentiment across digital assets. Many analysts believe that if Bitcoin reclaims $115,000 this week, it could confirm a fresh uptrend leading into October.
- Bitcoin[1] bounces to $114K but traders eye a dip toward $110K due to CME gap.
- Crypto liquidations cross $400M in just 24 hours, signaling volatility.
- Uptober hopes alive as BTC may reclaim $115K for a confirmed uptrend.
- Global macro tailwinds: Wall Street rallies, gold at record highs.
Top 5 Cryptocurrencies (Last 24 Hours)
| Coin | Price (USD) | 24h Change | Market Cap |
| Bitcoin (BTC) | $113,729 | +1.5% | $2.27T |
| Ethereum[2] (ETH) | $4,385 | +0.6% | $528.7B |
| Solana (SOL) | $223.5 | +4.8% | $121.1B |
| XRP (XRP) | $3.01 | +1.6% | $179.5B |
| BNB (BNB) | $900.7 | +2.7% | $1.02T |
Today’s market is balancing between short-term correction risks and long-term bullish optimism. Traders are watching $110K and $115K as the critical Bitcoin levels this week.