BTC Nears $90K
Bitcoin's price surged towards $90,000 as weak nonfarm payrolls data pushed the cryptocurrency higher, with Citi raising its 12-month target to over $113,000. The rally was supported by ETF inflows and easing rate hike expectations. Meanwhile, Ethereum and other major cryptocurrencies also saw gains, with the SEC approving 3x leveraged Bitcoin and Ether ETPs. However, the market also saw significant losses, including a $387 million hack of Bitget and a 98% collapse of the Blast token. Overall, the crypto market rallied on Fed rate pause hopes and regulatory advancements. Bitcoin's potential rise to $90K is supported by a strengthening BTC/Gold ratio amid macro volatility. Not financial advice · DYOR
Market overview
Total crypto market cap stands at $2.91T on $44.45B of 24h volume. BTC dominance is +58.58% and the Fear & Greed index reads 65 — Greed.
Signal performance
Over today, 117 signals reached a target, averaging +6.70% profit and +10.50% peak.
Headlines
- BTC Rally Continues: Weak Nonfarm Payrolls Push Bitcoin (BTC) Toward $90K TargetBlockonomi · Oct 3
Ethereum layer-2 network Blast shut down after its token collapsed 98%, with assets withdrawal deadline set for October 26.
- Citi Turns More Bullish on Bitcoin and Strategy: Here Are the New TargetsCryptoPotato · Oct 3
Citi raises Bitcoin target to over $113,000, reflecting increased bullish outlook.
- Bitget Hack Tied to North Korea as Stolen XRP Flows Into BitcoinBlockonomi · Oct 3
The Bitget hack linked to North Korea involved stolen XRP flowing into Bitcoin, with significant losses reported.
- Bitget Hack Update: XRP, Bitcoin, and North Korean LinkBeInCrypto · Oct 3
North Korean hackers stole $387 million from Bitget
- Bitget calls out DeFi protocols after $387.5 million hack, credits NEAR IntentsCrypto Briefing · Oct 3
DeFi protocol hacked