Morning Minute: Bitcoin Clears $120,000 as Uptober Begins with a Bang
The post Morning Minute: Bitcoin Clears $120,000 as Uptober Begins with a Bang appeared on BitcoinEthereumNews.com.
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors continue to grind up as Bitcoin breaks $120,000 BNB hits new ATH over $1,100 kicking off BNB SZN (Cake + memes soar) CME 24/7 will launch 24/7 crypto futures and options trading in early 2026 Moonbirds tease BIRB token for first time, floor passes 4 ETH before retracing Art Blocks announces Quine by Larva Labs as final Art Blocks Curated 🟠 Bitcoin Clears $120K as Uptober Starts With a Bang The bears were loudly calling for $90k before $120k. Their “guts” said crypto had topped. Well, looks like they were wrong. 📌 What Happened BTC pushed above $120,000 on Thursday, hitting a level not seen since August 13. That’s a full 10% up move on the week. So what’s driving the action? ETFs inflows are certainly helping, with over $2.25B in inflows so far this week. The other key factor? Saylor’s tax bill (or lack thereof). Strategy and the rest of the U.S. got news on Wednesday that a Biden-era AMT tax of up to 15% on unrealized asset gains would not come to fruition, as digital assets were excluded. That likely freed up a lot of cash for Saylor and it will be very interesting to see next Monday if he has indeed put that to work this week (or maybe it was more ETF driven). Plus the government shut down means no more economic data to come before FOMC, likely meaning a rate cut is a done deal (90% on Polymarket). But it wasn’t just Bitcoin. Taking a look at the rest of the majors and their weekly gains: ETH +15% to $4,480 BNB…
Filed under: News - @ October 3, 2025 5:27 pm