Cryptocurrency Prices Today, Oct 1: Bitcoin Strong at $114K as ETH Slides; Avalanche rises as Weekly Star

After a shaky September, October begins with crypto investors treading carefully. Bitcoin price today is standing tall above the $114,000 mark, setting the tone for the week, even as Ethereum, Chainlink, Binance Coin, and Solana are seeing some fluctuations in a choppy market.

Bitcoin Price Today

The Bitcoin price today is $114,383.54, with a market capitalisation of $2.28 trillion. Trading volumes stood at $25.18 billion in the last 24 hours. Despite volatility in the broader market, Bitcoin posted a marginal 0.19% gain in the past 24 hours and is up 4.69% over the week.
"Bitcoin is holding steady at $114,500 as the markets prepare for the US government shutdown. The dollar weakness in the current economic setup is pushing investors towards assets like crypto, supporting upward momentum. However, investors should remain cautious during the shutdown, as it becomes difficult to read the economy and predict the Fed's next move, which might lead to short-term uncertainty in the market. For now, Bitcoin must breach the resistance at $114,750 to sustain the buying pressure. If not, we could see a move towards the $112,200 support levels before a relief rally. said Edul Patel, CEO of Mudrex.

Ethereum Performance

While Bitcoin remained steady, Ethereum (ETH) slipped 1.11% in the last 24 hours, trading at $4,145.05. ETH's market cap now stands at $500.58 billion, with volumes of $16.45 billion. Over the week, Ethereum has lost nearly 3.94%, due to weaker investor sentiment in smart contract tokens.

Other major cryptocurrencies with mixed moves

Tether (USDT) remained stable at $1.00, maintaining its peg with a market cap of $174.93 billion.

XRP price today is $2.84, down 1.76% in 24 hours, but still holding weekly gains of 2.77%.

Binance Coin (BNB) traded at $1,007.38, slipping 1.82% in a day, though it posted an impressive 19.11% weekly rise.

Solana (SOL) stood at $208.01, down 1.17% in 24 hours but higher by 5.42% over the week.

Dogecoin (DOGE), the popular meme coin, traded at $0.2323, losing 0.29% today but gaining 10.27% weekly.

Cardano (ADA) edged up 0.48% to $0.8018, with relatively flat performance over the week.

Emerging Cryptos and Weekly Movers

Among the rising altcoins:

Hyperliquid (HYPE) surged 1.29% in the last 24 hours, trading at $45.03, and posted a 4.45% weekly gain.

Ethena USDe (USDE), another stablecoin, held firm at $1.00, with negligible movement.

Chainlink (LINK) slipped 1.27% today to $21.24, extending its weekly decline to -5.67%.

Avalanche (AVAX) traded at $29.73, marginally down 0.29% in the last 24 hours but recording a massive 28.05% weekly rally, making it one of the top gainers.

Factors impacting the Crypto Market

"October has long carried the nickname "Uptober" in the crypto world, thanks to Bitcoin closing in the green in nine of the last ten years. Investors are once again entering the month with cautious optimism. Kicking things off, Bitcoin crossed the $114,000 mark, setting a positive tone, though altcoins like Ethereum, Binance Coin, and Solana continue to show volatility. A weaker US dollar in the current economic environment is also nudging investors toward alternative assets like crypto, further fueling upward momentum," as per CoinDCX Research Team

"That said, uncertainty remains. The US government shutdown makes it harder to read economic signals and anticipate the Fed's next move, creating short-term unpredictability. Closer to home, Indian investors are eyeing the RBI's stance on interest rates. Any softening or pro-growth signal from the central bank could give a fresh boost to crypto trading activity in the country. For now, Bitcoin must break through resistance at $114,750 to keep the rally alive. If it fails to hold, the price could slip back toward $112,200 before staging another attempt at a rebound." They further added.

Analysis & Outlook Ahead

"The crypto market pushed higher, buoyed by strong bounce-backs in Bitcoin and Ethereum after recent sell-offs. BTC rallied above $113K, partly driven by short-squeeze liquidations around the $110-111K band. ETH reclaimed $4,100 support amid healthy flows into staking and DeFi. Technically, BTC is carving out a bull-flag setup with resistance near $115,700 and an open CME gap around $110,990, supportive below. If momentum holds, upside toward $120K is feasible; if resistance stalls, expect range trading. Investors should keep size modest, use stops, and watch macro cues and on-chain liquidity flows for confirmation," as per CoinSwitch Markets Desk

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