Accordingly
📊 BTC/USDT: Steady above the $85,000 level
Bitcoin is currently trading at about $85,000, up slightly on the day by +0.18%, with daily trading volume reaching $5.70 billion. This stability comes after the coin hit a highest level of $85,037 and a lowest of $84,432 over the past 24 hours.
· Factors Influencing: Attention is shifting toward job data and the inflation figures scheduled to be released on 2 and 14 October, which could shape the path of interest rates and affect demand for digital assets. Also, the historical October outlook (known as "Uptober") with an average return of 19.92% remains positive, but it depends on continued demand.
· Technical levels: Major resistance is at $92,000, while the $87,000 - $90,000 range is a potential target if the bullish momentum continues. Citi Group raised its 12-month Bitcoin price target to $113,000.
📊 BNB/USDT: A bounce from the lows amid anticipation of token burns
BNB recorded a notable rise of +2.13%, currently trading at around $789, with a monthly increase of 10%. The coin is still about 44% below its all-time high of $1,369.99 in October 2025.
· Influencing factors: The market is awaiting the 37th quarterly burn in mid-October, which may remove about 1.2% of the total supply (equivalent to 4% annually). Also, the tokenized asset volume on the BNB network (staking and ETFs) surpassed $1.1 billion, capturing 30% of the market share.
· Technical levels: Price is facing resistance at $800. The Relative Strength Index (RSI) at 56.87 suggests room for further upside, while the positive MACD supports the continuation of momentum.
📊 TAO/USDT: A strong jump as fundamentals improve
TAO tops the list of gainers with a daily increase of +4.24%, currently trading at around $315, after breaking a short-term downward trend. This rise comes after a month of volatility, when the coin was trading near $250 last June.
· Influencing factors: The coin’s issuance reduction (Halving) that took place in December 2025 reduced the daily issuance from 7,200 to 3,600 tokens, increasing scarcity of supply. It also surpassed an estimated annual yield from Subnets services of $28 million, giving the project real value.
· Technical levels: The next major resistance is concentrated at $350 - $360. Breaking above this range could open the path toward the previous high at $760.
📊 ETH/USDT: Diverging performance despite positive monthly results
Ethereum is up by +0.66%, currently trading at around $2,682, achieving monthly gains of 10%, but it is still about 46% below its all-time high of $4,953.
· Influencing factors: The “Glamsterdam” upgrade on the Sepolia network (scheduled for October 6) is expected to have a positive impact on network efficiency, with expectations for an expansion in the price range. In contrast, spot Ethereum ETF funds saw outflows totaling $118 million over three days, indicating a temporary pullback in institutional demand.
· Technical levels: The $2,650 level represents a key support, while resistance sits at $2,775 - $2,800. Citi Group raised its Ethereum price target to $3,028.
💎 The essence
The market is showing cautious optimism today. The TAO coin stands out as the top gainer thanks to its strong fundamentals and limited supply, while Bitcoin remains in a tight price range awaiting broader macroeconomic catalysts. On the other hand, the BNB coin shows a bullish momentum supported by technical factors (the burn process), whereas Ethereum faces pressure from negative flows into ETF funds despite the nearness of its technical upgrades.
