Latest Crypto Market News Today, October 2: BTC Needs One More 100% Move Versus USD to Topple Nvidia — Can It Happen?

While investors are becoming euphoric due to the perceived strong start to what everybody is calling ‘Uptober’, several warning signs are emerging that point toward a market-wide crash, which could see BTC price fall below $100k, dragging altcoins along with it.

The Bitcoin 1-day chart is flashing a bearish signal, while the US Government has just gone into shutdown. Meanwhile, there is a strong consensus online among traders calling for new crypto highs in October and throughout Q4. Whenever the majority of investors are aligned on the direction of the market, historically, the opposite tends to happen.

Today, the global cryptocurrency market cap is $4.18T, up 1.9% in the last 24 hours, with

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Bitcoin
BTC

$122,329.71


1.74%

Bitcoin
BTC


Price

$122,329.71

1.74% /24h





Volume in 24h

$72.11B
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Price 7d

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trading at around $118,700. As the market becomes more euphoric, traders are building longs, which could quickly result in a long squeeze if BTC rejects at $120,000 or before.

(source: CoinGlass)

Read the full story here.

Synthetix crypto surged by +20% overnight, continuing its recent bullish price action that has seen the SNX price spike by +90% since the beginning of September.

SNX crypto is riding the wave of the perp DEX meta, which was sparked with the emergence of Hyperliquid and, more recently, Aster. Synthetix will soon offer decentralized perp trading; however, it has a unique twist that makes it stand out among the crowd.

Perp DEXs are huge right now, with the top protocols processing $100Bn in 24-hour trading volume on October 1. Aster, Hyperliquid, and Lighter accounted for $90Bn of that figure, highlighting why Synthetix is entering the space in an attempt to secure a slice of the decentralized perpetual trading volume and the lucrative revenue that comes with it.

(SOURCE: Dune)

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I have no money left, I lost it all trading. Aster crypto looks interesting, though. I wonder if it would be worth taking out a huge personal loan and going all in on Aster?

If it works out great, if it doesn’t, I go bankrupt.

Thankfully, price action on

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Aster
ASTER

$2.07


13.06%

Aster
ASTER


Price

$2.07

13.06% /24h





Volume in 24h

$903.81M
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Price 7d

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has coiled into a classic symmetrical triangle. Momentum is compressing and bulls need to punch through overhead resistance to flip sentiment; a breakdown below $1.65 would give sellers the upper hand.

Moreover, crypto whales, including celebrity YouTuber MrBeast, have doubled down on Aster accumulation. So, is Aster ready fo another insane breakout?

MrBeast and Whales Load Up on ASTER Crypto: Is An Insane Breakout Ahead?

Aster reminded me of the Smash Bros. logo, my favourite game. That’s why I bought it.  Besides that, regarding competition like rival Hyperliquid, Aster allows you to trade stocks, more pairs, more leverage, and four different blockchains. Now it also has the crypto whales.

Arkham Intelligence data shows MrBeast spent 320,587 USDT for 167,436 ASTER just hours ago. That raises his total holdings to roughly 705,821 ASTER worth $1.28 Mn. His strategy is clear: buying into each dip.

Lookonchain also tracked a whale withdrawal of 3.19 Mn ASTER ($5.27 million) from Gate.io, signaling conviction among large holders. Together, the two wallets now control 132.78 Mn ASTER (8% of the circulating supply).

“Just went long on ASTER. One of my favorite charts to trade,” wrote trader James Wynn on X.

DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025

Read the full story here.

When Meteora crypto quietly confirmed its airdrop for Jupiter stakers, most people saw free tokens. But crypto insiders recognized something deeper, a reward system built around patience. Roughly 3% of Meteora’s MET supply is set aside, with 1% for all stakers and a bonus 2% for those who stayed locked in Jupiter without pulling out. The message? Loyalty gets paid.

We've finalized the airdrop for Jupiter Stakers.

1% of MET will be distributed to All Jupiter Stakers, with 2% for long-term believers who never unstaked.

Linear Airdrop, weighted on average stake Jan 1st – Sept 21st.

Let's 10x the LP Army and create opportunities for all. pic.twitter.com/ajFF9pJ2go

— Meteora (@MeteoraAG) October 1, 2025

The allocation is based on average staking amounts between 1st of January and 21st of September, 2025. Instead of handing out raw tokens, the rewards come in the form of liquidity NFTs. Tradable, yes, but designed to tie the holder to the platform. However, the Jupiter token itself has been falling from $0.8 on the first day of this year, to under $0.5 today.

Market Cap

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What’s the next 1000x crypto? Unironically, those were only practice rate cuts from Jerome Powell and the Fed, and we’re pumping. And Atone Crypto, AtomOne’s token, is one of the few altcoins that exploded last week.

ATONE triggered renewed interest in Cosmos-based plays, pumping +754.4% over the last week. Besides solid fundamentals, the macro landscape is set to pump the wider crypto market.

Here’s what Powell did:

• Widen the wealth gap to levels not seen since the Gilded Age
• Neglect the labor market with fake data
• Use stealth QE to promote tangible assets like Bitcoin, gold and equities
• Profit

He did his job to perfection. But before you chase the AtomOne rocket, the charts suggest this was more blow-off top than sustainable breakout. Let’s dig in and see whether ATONE or Cosmos tokens still have real upside.

Read the full story here.

With the bullishness in the market, we decided to ask Anthropic’s Claude AI for its price predictions for XRP, ADA, and ASTER crypto, along with its choice for the best crypto to buy for ‘Uptober’.

Uptober is here,

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Bitcoin
BTC

$122,329.71


1.74%

Bitcoin
BTC


Price

$122,329.71

1.74% /24h





Volume in 24h

$72.11B
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–>


Price 7d

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svg.attr(‘preserveAspectRatio’, ‘xMidYMid meet’);
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is trading for over $118,000, looking set for a $200,000 retest. Liquidity is flowing back into the crypto market en masse, with anticipation that October will see a slew of spot altcoin ETF approvals, coupled with another 25-basis-point rate cut from the US Federal Reserve.

gm to absolutely everyone except those still sitting on the sidelines.

I was excited for Uptober and Q4, but who would’ve thought we’d be kicking things off with such a bang?

Markets are looking strong already, and this is literally just day one. Many more to come.

Higher.

— Simon Dedic (@sjdedic) October 2, 2025

Read the full story here.