🔥 Uptober is here! BTC is stuck at the key $85K–$87K range, ETH has a major upgrade test today, and small caps have already taken off!
Guys, the crypto market today is really “calm on the surface, currents running deep”!
💰 BTC update:
Bitcoin briefly climbed close to $87,000—just $500 shy of its 8-month high—but the stronger dollar and rising U.S. Treasury yields pulled it back into the $85,000–$86,000 range.
Soft employment data sharply lowered the odds of a Fed rate hike in October, while institutions are still buying! Strategy added another 334 BTC this week, bringing its total holdings to 848,000 BTC.
The Fear & Greed Index is back in the greed zone at 73. Around $190 million in positions were liquidated across the market over the past 24 hours, with both longs and shorts getting wiped out.
⚡ Biggest event today:
Ethereum’s Glamsterdam upgrade officially activates on the Sepolia testnet today (October 6)! It’s an important dress rehearsal ahead of the mainnet launch, with implications for ETH’s future scaling and execution efficiency. ETH is currently holding steady around $2,700, and its gains this quarter have far outpaced BTC’s. Today’s test results could directly shape short-term sentiment!
🚀 Small caps are heating up:
While Bitcoin trades sideways, capital is starting to flow into small- and mid-cap coins!
BTW has surged 25%, FIL is up more than 11%, and NEAR, NIGHT, and others are also gaining momentum.
The altseason vibes are getting stronger…
So here’s the question:
Can BTC hold above $87,000 this week and make a run straight for $90,000?
Or will it pull back to $84,000 or even lower first, shaking out some holders?
How are you positioning your portfolio right now? Still holding BTC/ETH, or already building positions in promising altcoins?