Crypto news today is popping! Bitcoin (BTC) has broken its August ATH, and Ethereum (ETH) looks ready for a breakout! Whales are making moves, and the charts are heating up! Here’s the rundown.
After nearly two months of grinding sideways action, with multiple price dips below $110k,
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Bitcoin
1.03%
Bitcoin
BTC
Price
$123,074.82
1.03% /24h
Volume in 24h
$58.13B
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has finally snapped out of its consolidation phase with a powerful rally, smashing past its August ATH.
In the early hours of today, October 5, 2025, BTC surged to just under $126k, surpassing and holding above the $ 124,000 ATH it set in August.
A predictable cooldown followed the ATH set in August in its price action as it entered a correction and range-bound trading phase.
September brought in fresh volatility. BTC spiked to $118k after the US Federal Reserve slashed interest rates. But the momentum gave out almost as soon as it picked up pace, and the price fell back below $109k within a week.
$BTC has reached the initial target and is currently facing rejection at the upper resistance of the expanding channel.
If it fails to break this resistance soon, we could retest the orange trendline.
Let’s see how the US market opens.#CryptoTrading pic.twitter.com/Fn7eRpSfWg— Cryptorphic (@Cryptorphic1) October 5, 2025
BTC finally started recovering in earnest during the last few days of September, leading into the Uptober craze.
From 29 September 2025 to 3 October 2025, BTC added over $10k. However, a decisive breakout remained elusive. All that changed after a quiet Saturday of sideways movement between $121K and $122K.
(Source: CoinGecko)
A decisive breakthrough was achieved in the early hours of today as the BTC soared past its previous record, setting a new ATH of $125.9k.
Its market cap is currently sitting pretty at $2.5Tn. overtaking Amazon and inching closer to Silver’s valuation.
(Source: CoinMarketCap)
Meanwhile, liquidations on CoinGlass have rocketed up to $394 Mn, with shorts bearing the brunt.
(Source: Coinglass)
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Crypto News Today: ETH Hovers Near $4,600 As Bulls Eye Breakout Zone
Currently, ETH is trading around
, sitting just below the resistance level of $4,600. Market hawks are closely watching to see if whales protect lower liquidity zones or drive the price towards a breakout.
The spotlight remains on the $4,000 to $4,200 support band, which liquidity heatmaps have flagged as a critical area.
Momentum indicators like the RSI at 57 suggest a neutral sentiment, with flattened EMA curves reflecting a wait-and-watch scenario.
In the meantime, the $4,600 to $4,700 range is shaping up to be the next major hurdle for ETH to clear. However, if ETH fails to breach this resistance, it risks sliding back towards the $4,200 – $4,000 area, where buyers have consistently stepped in.
(Source: TradingView)
Analyst Ted Pillows observed that ETH’s liquidity is clustered between $4,000 -$4,200 on the lower end and $4,600-$4,700 on the upper, which might soon be disrupted due to whale action.
$ETH has some decent liquidity clusters around the $4,000-$4,200 level.
This is a level to keep an eye on if there's a correction in Ethereum.
On the upside, there's some liquidity sitting around the $4,600-$4,700 level.
It'll be interesting to see which one will be taken out… pic.twitter.com/KKOcJbS7EC
— Ted (@TedPillows) October 3, 2025
His headmap highlights resting orders in both zones, hinting that large players are positioning to absorb short-term liquidity before making a decisive move.
In the short term, ETH might dip into the lower zone to trigger stop orders and gather momentum. If bids around $4,300 are absorbed, it would strengthen the case for a bullish continuation towards $4,700.
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Stripe CEO: Stablecoins Will Push Banks to Offer Real Yield
In a recent response to VC Nic Carter’s post on X, Stripe CEO Patrick Collison argued that yield-bearing stablecoins will force traditional banks and financial institutions to offer market-level returns to depositors.
Good post on evolving stablecoin market structure. I would extend it further: yes, I think that stablecoin issuers are going to have to share yield with others, but this is just one instance. Everyone is going to have to share yield. Today, the average interest on US savings… https://t.co/yjjLOzxoOk
— Patrick Collison (@patrickc) October 3, 2025
With average savings rates sitting at just 0.40% in the US and 0.25% in the EU, Collison believes consumers deserve better and that stablecoins are the vehicle to drive that shift.
According to Collison, cheap deposits are no longer sustainable if banks continue to ignore consumer-friendly yield options.
This follows the US GENIUS bill, which helped set rules for the crypto industry but also banned earning interest on stablecoin deposits.
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Lucky Trader Mints $2Mn On A $3k Investment Post CZ’s Post
A crypto trader turned a $3,000 investment into nearly $2Mn within hours by buying the newly launched “4” memecoin on the BNB chain just before Binance Co-Founder Changpeng “CZ” Zhao posted about it on X.
Interestingly, after the hacker dumped ALL his tokens for a $4k gain, the community took over and bought the meme coin higher, as a mock to the hacker. Funniest come back by the community!
https://t.co/rVYK1NROk7
— CZ
BNB (@cz_binance) October 1, 2025
The token was created as a joke after a phishing attack on BNB Chain, where the hacker only made $4,000. CZ’s post helped the token gain traction, and early buyers saw explosive returns.
Source: Lookonchian
Blockchain analytics firm Lookonchain reported that a trader using wallet address 0x872 turned a $3,000 BNB investment into $2 million in an incredible 650x gain.
The trader only cashed out a small portion of the holdings and still holds around $1.88Mn worth of memecoins, according to CoinStat’s data.
Smart Money wallets, tracked by platforms like Nansen, also piled onto the token, making “4” one of the most bought assets on BNB Chain in the last 24 hours.
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BTC Corrects From Its $125K ATH
Bitcoin has corrected from its $125k ATH that it achieved earlier in the day and is now trading around $123K.
A trader who goes by the username Skew on X has warned that this entire setup could be a bait for longs.
Passive shorts compounding here
shorts opening here on the consensus that the weekend pump is bait https://t.co/EErcn5Ddfp
— Skew Δ (@52kskew) October 5, 2025
CoinGlass data reveals that liquidity is being absorbed on both sides of the price, i.e., indecision among market participants.
(Source: CoinGlass)
Weekend price action, whether bullish or bearish, is often treated in the crypto space with caution because of thinner liquidity and lower trading volumes.
Analyst CrypNuevo states, “For the week ahead, I think we could see a 4h50EMA retest – it’s overextended and you can see the retests in previous similar Price Action.”
For the week ahead, I think we could see a 4h50EMA retest – it's overextended and you can see the retests in previous similar Price Action.
After that, we should see a new move up higher.
Therefore, I'm still favoring longs over shorts from the 4h50EMA. pic.twitter.com/gEqDGmLbA8
— CrypNuevo
(@CrypNuevo) October 5, 2025
“After that, we should see a new move up higher. Therefore, I’m still favouring longs over shorts from the 4h50EMA,” he added.
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The post Crypto News Today: BTC Creates $125,559 ATH, ETH Eyes $4,600 Resistance Zone appeared first on 99Bitcoins.
