Strong Rally in Cryptocurrency Prices Today, Oct 3rd: Bitcoin Price Rises Back to $120K, Altcoins Surge Too

Optimism has filled the cryptocurrency market, as fresh momentum can be seen today in the major tokens like Bitcoin, Ethereum, Doge, Ripple & Binance Coin, which are trading higher.

"The crypto market is on a strong bullish momentum, with Bitcoin trading above $120,000 while Ethereum has reclaimed the $4,500 mark. Multiple factors, such as the 'Uptober' sentiment, the impact of the US government shutdown, whale inflows, and the weak ADP employment report, have fuelled the ongoing rally. In this week alone, Bitcoin ETFs recorded net inflows of over $1.6 billion, while corporates like Metaplanet bought 5000 BTC, adding strength to the rally. If BTC breaks past $123,200, it could enter price discovery, making way for new highs." said Edul Patel, CEO of Mudrex

Bitcoin price today

Bitcoin price today is at $120,277.76, holding firm above the $120K mark. The largest digital asset gained 1.31% in the last 24 hours, 9.61% in the last week, and 7.64% in the past month.

Ethereum price crosses $4,500

The second-largest crypto, Ethereum, is priced today at $4,504.38 after it saw a 2.95% daily gain and an 11.61% rise in the past week, though its monthly rise is modest at 1.19%.

Altcoins in focus: XRP, Solana, and BNB

XRP price today is $3.02, with a market cap at $181.09 billion. XRP gained 1.59% in 24 hours and 8.46% in a week.

Solana price today is $232.36, up 3.74% in 24 hours and 13.10% over the week, making it one of the strongest performers.

BNB price today surged to $1,108.55, a massive rally with 7.54% daily gains and 15.31% weekly growth.

Meme coin Dogecoin gains

Dogecoin price today is $0.2597 after it rose 2.40% in 24 hours, 11.52% in a week, and nearly 18% in a month.

Other major tokens

• Cardano (ADA) price today is $0.8632, up 0.91% daily and 8.83% weekly, keeping it in the spotlight with a $31.52 billion market cap.
• TRON (TRX) price today is $0.3439, with modest 0.54% daily gains.
• Chainlink (LINK) price today is $22.64, slightly down 0.42% today, though still positive over the week.
• Hyperliquid (HYPE) price today is $50.05, with strong 11.70% weekly growth and increasing market traction.

Market outlook Ahead

The crypto market today reflects bullish trends across Bitcoin, Ethereum, Solana, and BNB, while meme coins like Dogecoin continue to excite retail investors. With rising volumes and positive momentum, experts believe the next leg of the crypto bull run could be closer than expected.

"Bitcoin's surge past the $120K mark, its highest level in two months, amid the official US government shutdown and strong inflows into US spot Bitcoin ETFs, their best day since mid-September. The momentum has also led to capital rotation into established altcoins like Ethereum, Litecoin, and XRP, strengthening the broader market. Seasonality further supports this trend, as October, often referred to as 'Uptober', has historically been Bitcoin's strongest month. With September closing on a higher base than usual, the outlook for Q4 remains constructive, supported by the fact that Bitcoin has ended four of the last five quarters in positive territory." as per the CoinSwitch market desk.

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