Uptober Frenzy: Bitcoin Soars Beyond $116K, Markets Roar

Markets

What to know:

  • Bitcoin hits $116,600, up 2% in 24 hours, while ether jumps 4% to $4,287. ๐Ÿš€
  • Crypto-linked equities rally pre-market: Strive up 25%, MSTR +2%, Bitfarms +3%, NAKA +7%. ๐Ÿ’น

The much-anticipated “Uptober” has arrived, and the momentum is already stirring on the very first day of the month, like a riverboat engine waking from a nap. ๐Ÿ˜…

Bitcoin has busted through the $116,000 mark, climbing 2% in the past 24 hours and briefly flirting with $116,600. The whole racket sits under the cloud of a U.S. government shutdown and gold‘s stubborn shine, squinting around $3,900.

Ether is following suit, jumping nearly 4% in the same 24-hour spell to trade at $4,287.

The surge in bitcoin during the European session has rolled over into U.S. crypto equities, stirring pre-market activity. Strive (ASST) is the standout, leaping 25% to $3.15. Strategy (MSTR), long whispered as a leveraged bitcoin play, is up a touch over 2% at $328 per share. Bitfarms (BITF) has added 3% to $2.91, while NAKA (Kindly MD) is up 7%.

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2025-10-01 12:38