Why Is Crypto Up Today? – October 9, 2025

The crypto market is up today, though just barely, with the cryptocurrency market capitalization rising by 0.1%, now standing at $4.27 ￰3￱ 40 of the top 100 coins have dropped over the past 24 ￰4￱ the same time, the total crypto trading volume is at $180 billion. TLDR: The crypto market capitalization is up by 0.1% on Thursday morning (UTC); 60 of the top 100 coins are up, as are 7 of the top 10 coins; BTC rose 0.3% to $121,793, and ETH fell 0.7% to $4,413; ’Rising leverage and crowded call positioning suggest growing short-term fragility’; ’An active tug-of-war near current price levels resulted in a setup ripe for amplified swings’; Spot volumes hit multi-month highs as Q4 begins; US BTC and ETH spot ETFs saw $440.73 million and $62.05 million in inflows, respectively; Coinbase has activated ETH and SOL staking services for New York, USA, residents; Crypto market sentiment is mostly unchanged within the neutral ￰5￱ Winners & Losers At the time of writing, 7 of the top 10 coins per market capitalization have seen their prices increase over the past 24 ￰6￱ (BTC) is largely unchanged, having increased by 0.3%, currently trading at $121,793.

Bitcoin (BTC) 24h 7d 30d 1y All time Ethereum (ETH) is down by 0.7%, now changing hands at $4,413. The highest decrease on the list is XRP’s 1.2% to $2.82. At the same time, the biggest gainer in the category is Solana (SOL) , which is the only coin with a rise above 0.5%. It appreciated 2.1% to $224.

When it comes to the top 100 coins, 60 have seen increases, the highest of which is 32.8% by Zcash (ZEC) , now trading at $178.71. Mantle (MNT) also recorded a double-digit rise of 11.3% to $2.68. Among the red coins, Plasma (XPL) decreased the most, with 8.7% to $0.7932. Meanwhile, Coinbase has activated staking services for New York, USA, residents, allowing users to earn yields on Ethereum and Solana holdings for the first ￰7￱ follows approval from state regulators.

A long-awaited win for our New York users – welcome to staking at Coinbase! Time for the remaining holdout states (CA, NJ, MD, and WI) to follow suit and join the other ￰8￱ in those 4 states have missed out on an estimated $130M rewards. Let’s unfreeze staking. ￰0￱ — Ryan VanGrack (@RVanGrack) October 8, 2025 ‘Tug-of-War Near Current Price Led to Setup Ripe for Amplified Swings’ According to the latest report by Glassnode’s analysts, Bitcoin hit a new ATH backed by strong ETF inflows and renewed mid-tier accumulation. Additionally, the surge in institutional participation has lifted both price and market activity, while spot volumes hit multi-month highs as Q4 ￰9￱ said, “while on-chain and spot signals remain constructive, rising leverage and crowded call positioning suggest growing short-term fragility.” Recent options flow data “reveal an active tug-of-war near current price levels,” resulting in a “setup ripe for amplified swings as the market navigates uncharted territory.” “While momentum remains strong and sentiment remains constructive, positioning has become more crowded, suggesting that near-term volatility could remain elevated as markets digest this renewed optimism.” The report concludes that, “signals outline a robust yet maturing uptrend, one that remains supported but increasingly sensitive to profit-taking and leverage resets as Bitcoin navigates price discovery.” The Uptober Breakout Bitcoin broke above the $114k–$117k supply zone to new highs near $126k, driven by strong ETF inflows and mid-tier accumulation.

On-chain remains firm, though rising leverage adds short-term ￰10￱ the full Week On-Chain below ￰1￱ ￰11￱ — glassnode (@glassnode) October 8, 2025 Levels & Events to Watch Next At the time of writing on Thursday morning, BTC trades at $121,793. Earlier in the day, the price surged to the intraday high of $124,072, before dropping to the low of $121,432 and then recovering to the current ￰12￱ seven-day range stands between $118,683 and $126,080. Also, BTC is down 3.5% from its all-time high of $126,080. The coin seems to be in the consolidation phase ￰13￱ it moves above $124,000, it could retest the $126,300 level and continue towards $130,000.

However, a drop below $117,400 could lead to $115,000. Bitcoin Price Chart.) 24h 7d 30d 1y All time Meanwhile, the crypto market sentiment – just like the market itself – is largely ￰14￱ crypto fear and greed index rose slightly from 57 yesterday to 58 today . It’s clear that investors are keeping an eye out for further signals that point to the direction the market will take near ￰15￱ ETFs Back in Green, ETH ETFs Continue Steady The US BTC spot exchange-traded funds (ETFs) are back in ￰16￱ Wednesday, these saw $440.73 million in ￰17￱ total now stands at $62.58 ￰18￱ the 12 ETFs, three saw inflows, and none saw ￰19￱ , Bitwise , and Grayscale recorded $426.2 million, $13.43 million, and $1.09 million, respectively.

Moreover, the US ETH ETFs recorded the 8 th day of inflows on 8 October with $62.05 ￰20￱ cumulative total net inflow is now at $15.09 billion, rising ￰21￱ of the nine finds saw positive flows, and two saw negative ￰22￱ took in $148.88 million, while Fidelity and Grayscale let go of $63.12 million and $16.72 million, respectively. Meanwhile, multiple SOL ETF decisions are due by 10 October, the approval of which could fuel the ￰23￱ first Solana spot ETF was launched by REX-Osprey in July, as the first SEC-approved product with built-in staking rewards. NEW: @EricBalchunas & I are raising our odds for the vast majority of the spot crypto ETF filings to 90% or ￰24￱ from the SEC is a very positive sign in our opinion ￰25￱ — James Seyffart (@JSeyff) June 20, 2025 Speaking of SOL, Solana Digital Asset Treasury (DAT) company Helius is considering buying at least 5% of SOL , equivalent to more than $6 ￰26￱ Chee, who leads the SOL treasury strategy, noted that Hong Kong will be its second listing ￰27￱ DAT company Helius stated that the company aims to acquire at least 5% of Solana and pointed out that as long as the market capitalization and regulatory requirements are met, the second listing location will be Hong Kong, or within 6 months. ￰2￱ … — Wu Blockchain (@WuBlockchain) October 9, 2025 Quick FAQ Why did crypto move against stocks today?

The crypto market has increased very slightly over the past day, while the stock market recorded a mixed picture on Wednesday, albeit with some notable ￰28￱ the closing time on 8 October, the S&P 500 was up by 0.58%, the Nasdaq-100 increased by 1.19%, and the Dow Jones Industrial Average fellby 0.0026%. Therefore, the S&P 500 and Nasdaq marked new intraday and closing ￰29￱ this rally sustainable? This is a very minor increase, so much so that the market is overall ￰30￱ pullbacks are still possible before the next leg ￰31￱ may also like: (LIVE) Crypto News Today: Latest Updates for October 9, 2025 The world of Web3 gaming is still searching for its breakthrough ￰32￱ first wave of "play-to-earn" (P2E) games promised to let players earn while having fun, but most collapsed under the weight of unsustainable economies and uninspired ￰33￱ inflated and crashed, bots drained rewards, and onboarding felt like solving a puzzle before you could even click “play.”Now, a new platform is stepping into that space with a very different philosophy.

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