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Crypto News

Bitcoin Surges Above $114K as Traders Look Ahead to 'Uptober'

A sharp rally which began late in the weekend continued into U.S. Monday morning trading hours, with bitcoin (BTC) re-taking the $114,000 after having tumbled below $109,000 last Friday.

The move suggests crypto traders are responding to the same macroeconomic factors — namely lower interest rates across the West — that's been driving gold and many stock indexes to new record highs on nearly a daily basis. It also suggests a seasonal factor, with investors shifting focus from historical September weakness to October — sometimes dubbed "Uptober" due to the tendency for price to rise.

Eric Trump Predicts $1 Million Bitcoin Amid Q4 Crypto Surge

Eric Trump, executive vice president of the Trump Organization, predicted in a recent interview that Bitcoin could reach $1 million, driven by quantitative easing and rising global money supply.

He described the fourth quarter of 2025 as 'unbelievable' for cryptocurrency investments, pointing to Federal Reserve rate cuts and historical Q4 performance. Bitcoin recently exceeded $114,000 with institutional inflows, while the crypto community anticipates altcoin gains, though skeptics caution about market volatility and potential delays.

Saylor Is Unbothered by Strategy’s Narrowing Share Premium

Michael Saylor isn’t letting the diminishing premium his digital-asset treasury firm Strategy Inc. has long enjoyed over its Bitcoin holding distract him.

Shares of the former MicroStrategy have fallen about 20% since June, while the largest cryptocurrency has climbed around 6% and set fresh record highs. That underperformance has raised questions among critics about the validity of the crypto buy-and-hold strategy Saylor pioneered around five years ago.

Bitcoin & Ethereum Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Monday was $564.56 million. The total net asset value of Bitcoin spot ETFs is $146.81 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.62%.

The Bitcoin spot ETF with the highest net inflow on September 29 was Fidelity Wise Origin Bitcoin Fund (FBTC), with a net inflow of $298.7 million, according to SoSoValue.