Cryptocurrency Market Surges as Bitcoin Eyes New All-Time Highs

NEW YORK, NY — The cryptocurrency market is experiencing a significant recovery on Monday, September 29, 2025, with Bitcoin (BTC) climbing back above $113,000. Total market capitalization has surged to $3.86 trillion, driven by a broad rally across major digital assets.

Bitcoin has gained 3.4% in just 24 hours, reaching $113,898. Ethereum (ETH) saw a 3.12% increase, trading at $4,154, while XRP rose by 2.8% to $2.89. Dogecoin (DOGE) also experienced a rise of 1.7%, hitting $0.23.

This uptick in prices coincides with strengthening technical indicators and historically bullish seasonal patterns, which could propel cryptocurrency values higher through the end of the year. BlackRock’s iShares Bitcoin ETF, which now holds over 760,000 BTC, reflects sustained institutional interest despite recent market volatility.

According to Paul Howard from Wincent, there has been considerable institutional and retail support emerging at around $110,000, mostly from investors who missed the previous rise above $100,000. Howard cautioned, however, regarding uncertainties in the macroeconomic landscape, suggesting risks may persist until a clearer trend emerges.

Recent outflows from U.S. Bitcoin spot ETFs totaled $418 million, but institutional demand remains robust with long-term holders showing strong conviction, particularly in XRP, where a substantial amount of tokens have remained inactive for over a year.

The Federal Reserve‘s recent interest rate cuts have created a more favorable environment for cryptocurrencies, enhancing liquidity and reducing the opportunity costs of non-yielding assets like Bitcoin. As Bitcoin recovers, it has successfully reclaimed significant technical levels after rebounding from its $110,000 support zone.

While testing its established consolidation range between $108,000 and $123,000, Bitcoin’s prospects for retesting historical highs remain intact. Market analysts predict it needs to hold above $100,000 to sustain upward momentum, targeting $119,000 and $131,000 along the Fibonacci extension levels.

Ethereum is also making a comeback, gaining over 3% as it rises from previous lows. The second-largest cryptocurrency is encountering resistance at around $4,200 but staying above $4,000 keeps its prospects alive for a return to the $5,000 level from mid-August.

XRP is poised for a significant rally after recovering from a support zone between $2.65 and $2.72. Technical analysis suggests it may break out towards a $5.00 target if momentum builds. Dogecoin, meanwhile, has stabilized at $0.22 and is showing signs of recovery within a healthy trading range.

Market sentiment has notably improved, with the Fear and Greed Index shifting from extreme fear to neutral territory. October, dubbed “Uptober” for its historically positive performance, has averaged over 21% returns for Bitcoin since 2013, setting an optimistic tone for potential gains this month.

Joel Kruger, an analyst at LMAX Group, underscored the historical performance of October, indicating that the month has often led to positive outcomes for Bitcoin and could see a bullish trend develop as the year progresses.