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For most of September we emphasised that October would be when Bitcoin truly kicked off its next leg higher. We consistently highlighted the importance of accumulating BTC and quality altcoins during the consolidation and pullback phase.
Now, on the very first day of October, that patience is already being rewarded. Bitcoin is trading above $118K, up nearly 4%. Ethereum has climbed close to 5%, Solana nearly 6%, and the broader crypto space is firmly in the green. Those who bought the dip are already seeing the payoff.
The US government officially shut down yesterday but, as we said at the time, markets simply do not seem to care. Crypto remains strong and that strength has been echoed across traditional markets. Gold and silver pushed higher again, and US equities printed fresh all-time highs.
In another bullish signal, FTX repayments have now hit the market. That capital has visibly reentered the crypto ecosystem, reinforcing the view that confidence is returning and positioning remains risk-on.
With Bitcoin now breaking above $118K, there is just one major level left in play: the all-time high.
Stormrake Spotlight: Aster (ASTER) ($1.65)
Stormrake Spotlight: Aster (ASTER) ($1.65)
