Bitcoin briefly surged above $112,000, and Ethereum reclaimed the $4,000 level, signaling strong interest in major coins. The total crypto market cap hovered around $3.77 trillion, with a slight daily increase of 0.14%. Despite a recent $1.5 billion liquidation event causing some volatility, institutional buyers and whales are cautiously re-entering the market, supporting a rebound. However, altcoins outside the top 10 experienced wider losses over the past week, with the broader market slipping about 3.6%. Overall, the market is in a phase of selective recovery amid ongoing volatility and macroeconomic uncertainties.
Crypto Market Update
Bitcoin and Ethereum Performance
Bitcoin briefly surged above 112.4K before settling around $111,781.
Ethereum reclaimed the $4,000 mark, boosting optimism as October approaches.
Despite these gains, Bitcoin’s historical September performance remains weak, with only four green Septembers in 13 years and none during bull years.
Market Sentiment and Trading Activity
Traders remain divided with no clear directional trend; liquidations are occurring on both sides.
The market is experiencing choppy price action around key resistance levels.
Uptober (October) is anticipated as a historically strong month for Bitcoin, potentially flipping bullish sentiment if BTC holds above $112K.
Altcoins and Perpetual DEX Tokens
ApeX Protocol (APEX) saw a massive 160%+ single-day gain following its XP token conversion event.
APEX’s market cap stands at 3.22 billion, suggesting potential for rotation trades.
ApeX offers leveraged perpetual trading with deep liquidity and low fees, supported by Layer-2 technology and a $12 million buyback fund.
If momentum continues, APEX could reach double-digit prices quickly, making it a top pick before October.
Other Notable Coins
MYX Finance (MYX), Zcash (ZEC), and Pump.fun (PUMP) attracted attention with notable price increases.
The total crypto market cap is around 44.15 billion.
Bitcoin’s 24-hour volatility is approximately 2.5%, while Zcash shows higher volatility at 17.1%.
Market Outlook
The market is cautiously optimistic heading into October, with key resistance levels to watch.
Institutional interest and whale activity are supporting selective recoveries.
Macro factors and regulatory developments remain critical to market direction.
The crypto market is showing signs of cautious recovery with Bitcoin and Ethereum leading gains. Perpetual DEX tokens like ApeX are emerging as strong performers, while overall market sentiment awaits a decisive breakout to confirm a bullish trend into October#CryptoETFMonth #MarketRebound #Write2Earn #CryptoNewss #Binance $BTC