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

Crypto markets began October with renewed energy, as Bitcoin

Bitcoin
BTC

$119,803.75


0.95%

 climbed previous $121,000 earlier than retracing to round $119,800. The rally coincides with sturdy institutional inflows: Bitcoin ETFs recorded a internet influx of 5,643 BTC ($675M), with BlackRock contributing 3,451 BTC price $412.87M, pushing its complete holdings to 773,461 BTC ($92.5B). Ethereum ETFs additionally noticed heavy motion, including 14,864 ETH ($65.6M) led by Constancy, which now holds 772,054 ETH ($3.4B).

The Altcoin Season Index is rising (at the moment at 66), however it hasn’t but crossed into full alt-season territory. For now, the expectation is that October shall be led by a robust transfer in Bitcoin, after which altcoins could start to take over the highlight.

(Supply: Coinmarketcap)

Bitcoin Value Motion and Bears Name For One other Dip

BTC’s breakout above $120K was fueled by $1.6 billion in ETF inflows over simply three days, led by BlackRock’s IBIT. Institutional allocation is making a worth flooring, with merchants eyeing a retest of August’s $124K excessive.

Nonetheless, not everyone seems to be satisfied the rally will maintain. Bears spotlight that a lot of the transfer has been perpetual futures-driven, leaving liquidity stacked beneath. If momentum stalls, analysts warn of a pointy retrace:

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

For now, consumers stay in management, however sub-$110K ranges might act as main 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

Greatest Crypto To Purchase: Altcoins and Meme Coin Momentum

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

However probably the most explosive motion is in meme cash, which proceed to draw retail merchants in search of quick good points:

SPX6900

SPX6900
SPX

$1.25


0.75%

has surged 31% in two days, now at $1.25.
USELESS

Ineffective Coin
USELESS

$0.2279


3.29%

 is up 57% over the previous week, supported by $76M in buying and selling quantity.
4, a meme coin launched on BSC simply two days in the past, touched a $190M market cap at its peak and now sits at $141M with over $271M each day quantity.

(Supply: Coingecko)

These breakouts exhibit that regardless of Bitcoin’s dominance, liquidity is flowing into particular narratives.

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Fatima is a rising crypto journalist with a pointy eye for hidden gems and technical evaluation. When she’s not charting the subsequent large breakout or diving into onchain knowledge, a agency believer that alpha is the place you least anticipate it,…
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