In October 2025, the Crypto Assets market experienced a strong pump, with Bitcoin's price breaking through the $120,000 mark, reaching a new high in nearly seven weeks, just a stone's throw away from its ATH. This breakthrough not only propelled Bitcoin's rise but also triggered a comprehensive upsurge in the entire Crypto Assets market. Ether surged over 2.7%, Solana skyrocketed 5.7%, while DOGE also rose by 4.7%.

The current pump in the market is mainly driven by three factors: First, the U.S. federal government faces a "shutdown" risk, making Bitcoin viewed as a safe-haven asset; second, the market's expectations for a possible rate cut by the Federal Reserve have enhanced Bitcoin's attractiveness; finally, Bitcoin ETFs attracted as much as $1.5 billion in inflows within a single week, indicating that institutional investors remain optimistic and are entering the market.

As the market strengthens, the total market capitalization of Crypto Assets has surpassed the $4 trillion mark, with Bitcoin's market capitalization briefly exceeding that of e-commerce giant Amazon. It is worth noting that the behavior of corporate finance departments purchasing more than 1,000 Bitcoins daily has become one of the important factors supporting the price of Bitcoin.

Historical data shows that October is usually a strong month for Bitcoin. In the past ten years, Bitcoin has risen nine times in October, with an average increase of up to 20.24%. This data has led the market to generally hold an optimistic attitude towards the performance in the fourth quarter.

Many financial institutions have also given positive forecasts for the future trend of Bitcoin. Citigroup expects the price of Bitcoin to reach $181,000, while JPMorgan has set a target price of $165,000. Moreover, some analysts believe that by 2026, the price of Bitcoin could challenge the high of $250,000.

As the fourth quarter approaches, this season, historically regarded as Bitcoin's strongest, is unfolding. Investors are closely watching this digital asset market feast, looking forward to more surprises and opportunities.