Bitcoin Extends October Bulls Strength as Crypto Market Cap Climbs $130B in a Single Day

Bitcoin

  • Bitcoin closed October green in 10 of the past 12 years with +20.59% average returns.
  • Crypto market cap jumped $130B in 24 hours, now standing at $4.23 trillion.
  • BNB hit $1,111 while Solana gained 20.44% and XRP neared $3 in rebound.

The global cryptocurrency market recorded a surge of $130 billion within 24 hours. The total market capitalization now stands at approximately $4.23 trillion, reflecting a 1.35% increase from the previous day. Daily trading volume reached an estimated $195 billion, showing strong activity across digital assets.

Bitcoin and Ethereum Dominance

As of writing this piece, Bitcoin continues to command the largest market share with 56.6% dominance, trading recently at a seven-week high near $120,000. The asset also broke past $115,000 resistance levels during the current session. Ethereum holds 12.8% of the market and is recovering strongly, attracting renewed institutional interest. Inflows into Ethereum exchange-traded funds have added momentum, and analysts note performance levels not seen since 2021.

The Fear and Greed Index is at 64, indicating a “Greed” reading that reflects stronger investor confidence. Institutional inflows into U.S. spot Bitcoin ETFs are supporting liquidity and optimism. Meanwhile, the possibility of a U.S. government shutdown is being monitored as a potential short-term liquidity impulse. 

Stablecoins also recorded significant growth, with market capitalization surpassing $300 billion for the first time. At the time of press, CoinMarketCap data reveals that BNB reached a record high of $1,111, while Solana gained 20.44% over the week. XRP rebounded toward $3, and Dogecoin advanced alongside broad market optimism.

Bitcoin’s October Record Stands Out Across Twelve Years

As the whole market recorded a new inflow, Bitcoin’s monthly performance chart from 2013 through 2025 shows October as a recurring green month. Out of twelve completed years, a post by Bitcoin Archive X reveals that ten Octobers closed with positive returns. Only 2014 and 2018 recorded declines of -12.95% and -3.83%. The average October return across this period is +20.59%, establishing it as one of Bitcoin’s strongest months.

Source: X

Several years delivered double-digit gains during October. In 2013, Bitcoin surged by +60.79%, while in 2017 it followed with +47.81%. The year 2021 added +39.93%, sustaining momentum after earlier growth that year. More recent cycles also produced gains, including +28.52% in 2023 and +10.76% in 2024. The current dataset for 2025 records October at +5.06%.

Comparative monthly averages reveal October’s unique position. September averages -3.08%, reflecting a pattern of declines before October rallies. November averages +46.02%, often extending the momentum built during October. Other months remain more volatile, with June averaging -0.14% and August at +1.12%. These readings show weaker seasonality compared with October.


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