TLDR
- Bitcoinโs market cap surged to $2.34 trillion in 2025.
- Institutional investors contributed over $63 billion to Bitcoin.
- Bitcoinโs price increased by 4.24% in the last 24 hours.
Bitcoin has achieved a significant milestone by reclaiming the $119,000 mark. This development was confirmed by Binance, where Bitcoin was trading at 119,000.007813 USDT as of October 2, 2025, at 00:03 AM UTC. Over the past 24 hours, Bitcoin has experienced a 4.24% increase.
This upward trend is primarily attributed to the influence of institutional investors, particularly those like BlackRock through their ETF accumulation. Additionally, trading venues such as Binance and industry leaders like Michael Saylor of MicroStrategy play a crucial role in this price trajectory.
Institutional Influence and Market Leaders
Michael Saylor, the Executive Chairman of MicroStrategy, remains a prominent advocate for Bitcoin. Saylor has a substantial holding of 582,000 BTC, valued at approximately $63.85 billion. He remains optimistic about Bitcoinโs future, stating, โWinter is not coming back.โ
Saylor has been at the forefront of MicroStrategyโs strategic decision to use Bitcoin as a treasury reserve since 2020. Through public platforms such as BeInCrypto, he continues to share insights that shape market sentiment.
Impact of Bitcoinโs Price Movement
The institutional allocation to Bitcoin, exceeding $63 billion from MicroStrategy alone, has contributed to stabilizing the market and minimizing volatility. Although no significant venture capital funding is linked to the current price changes, ETF flows have maintained upward price momentum.
Other cryptocurrencies like Ethereum and altcoins often follow Bitcoinโs price trend. While no direct correlation is reported, these assets exhibit positive correlation with Bitcoinโs moves, affecting the broader crypto market.
On-Chain Activity and Market Reactions
The Total Value Locked (TVL) across major protocols has increased, with Bitcoinโs capital inflow boosting DeFi liquidity. According to Coinglass, Bitcoinโs market cap has surged to $2.34 trillion in 2025, a testament to the assetโs growing demand.
Amidst these developments, liquidity bottlenecks have been observed around the $107,000 to $119,000 range, with technical resistance near $120,300. Bullish momentum indicators suggest continued potential for positive returns.
Historical Comparisons and Future Trajectories
Bitcoinโs rise past key resistance levels has historically led to broader market rallies. Events from late 2020 and November 2021 serve as precedents for cascading effects on altcoins and increased TVL across all chains.
As the crypto community on platforms like XTExchange remains engaged, the anticipation is for Bitcoin to maintain its upward movement through Q4, a period usually marked by significant gains.
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