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Reading: Bitcoin and BNB Hit New ATH; Here Are the Main Reasons Why Crypto is Up Today
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EdaFace Newsfeed > Latest News > Price Analysis > Bitcoin and BNB Hit New ATH; Here Are the Main Reasons Why Crypto is Up Today
Price Analysis

Bitcoin and BNB Hit New ATH; Here Are the Main Reasons Why Crypto is Up Today

vitalclick
Last updated: October 6, 2025 11:16 pm
2 hours ago
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Contents
Top Reasons Why Crypto Surged TodayHigh Demand from Whale Institutional InvestorsOctober Bullish Sentiment Technical TailwindsTrust with CoinPedia:Investment Disclaimer:Sponsored and Advertisements:Share this crypto insight with your network!

On Monday, the crypto market experienced heightened demand from speculative investors. Bitcoin (BTC) price rallied over 2% to reach a new all-time high (ATH) of about $126,198 before retracing to trade about $124,879 at press time.

The wider altcoin market followed in tandem, led by Ethereum (ETH) and Binance Coin (BNB). According to the latest market data, the ETH price surged over 4% in the last 24 hours to reach a range high of about $4,736 before retracing to trade around $4,676 at press time.

The best performing large-cap altcoin was BNB, which surged over 6% to reach a new ATH of about $1,247 before retracing to trade about $1,225 at the time of this writing. 

Top Reasons Why Crypto Surged Today

High Demand from Whale Institutional Investors

The demand for crypto assets has significantly increased in the past few days amid the ongoing United States government shutdown. For instance, a weekly report from CoinShares shows crypto investment products recorded the highest weekly cash inflow of about $5.95 billion.

Bitcoin registered a weekly cash inflow of about $3.55 billion, Solana reported a record cash inflow of about $706.5 million, while Ether recorded $1.48 billion.  According to on-chain data analysis from Santiment, whale investors with a MNT account balance of between 100 and 1000 purchased over 60k BTC during the past week, thus currently holding 5.11 million.

October Bullish Sentiment 

Historically, the crypto market has performed exceptionally well during the fourth quarter, especially in October. With Bitcoin already following Gold price action, Wall Street analysts have predicted a parabolic rally for the crypto market in the coming months fueled by institutional investors and clear regulatory clarity.

The ‘Uptober’ bullish sentiment is bolstered by the notable spot crypto ETF application in the United States. With the recent approval of generic listing standards, ETF experts have predicted that dozens of crypto ETFs will be approved soon.

Technical Tailwinds

From a technical analysis outlook, the crypto market – led by Bitcoin, Ethereum, and BNB – has already broken out of a multi-week choppy consolidation. 

Crypto analysts Rekt Capital, BTC has entered its much-anticipated price discovery phase 

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

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