News View Non-AMP

Why is Crypto Market Up Today? Ethereum Eyes New ATH, Altcoins Follow

Published by
Anjali Belgaumkar

The global cryptocurrency market is climbing once again, with total market capitalization rising 2.23% to $4.29 trillion. Investor sentiment has turned bullish as both Bitcoin and altcoins post steady gains after a quiet trading week.

Altcoins are leading the latest rally and the Altcoin Season Index stands at 64 out of 100, reflecting stronger performance from major tokens outside Bitcoin.

BNB rose 4.55% to $1,219, gaining over 20% in a week. Solana advanced 2.27% to $236, continuing its climb, while Dogecoin and Cardano each added more than 2%. XRP also saw decent growth, rising 1.12% to $3.03.

Bitcoin Holds Steady, Market Sentiment Neutral

Bitcoin traded at $125,490, up 1.74%, with a market cap surpassing $2.5 trillion. Despite strong momentum, analysts expect a short-term cooling period before the next leg higher. The Fear and Greed Index sits at 59, meaning neutral sentiment and room for further movement.

Ethereum Could Be Next to Shine

Amid this market activity, analyst Michael van de Poppe believes the next major breakout could come from Ethereum. He noted that the sharp drop in Bitcoin dominance has fueled ETH’s surge from $1,500 to $4,800, and this could be “just the start.”

“A small uptick in the BTC dominance chart doesn’t mean altcoin momentum is over,” van de Poppe said. “The downtrend in Bitcoin dominance has only begun. After Bitcoin’s move, I expect a strong upwards push for Ethereum.”

He predicts that Ethereum could reach a new all-time high in October or November, strengthening the broader altcoin rally even further. The expert added that if Bitcoin corrects toward $121,500, it could be a healthy reset before a potential rally toward $150,000.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Recent Posts

Chainlink’s Defining Moment—Can LINK Price Smash $25 and Trigger a Major Bull Run to $50?

Chainlink (LINK) price is gaining momentum as Bitcoin’s surge to a new all-time high fuels…

October 7, 2025

Can XRP Price Really Hit $100? How, Why, and When Explained

The idea of XRP reaching $100 might sound far-fetched, but behind the bold prediction lies…

October 6, 2025

Not Aster or HYPE, PDP Leads the Top Altcoin Predictions for Uptober

As the calendar turns to October, a month often associated with bullish market reversals, investors…

October 6, 2025

Trump Claims “Virtually No Inflation” as Markets Hit Record Highs

Stock markets and crypto are grabbing attention lately, with stocks and Bitcoin hitting new highs…

October 6, 2025

Can Solana Price Hit $300 as ETFs and On-Chain Growth Surge?

The Solana price has continued its remarkable climb into Q4 2025, as network performance, ETF…

October 6, 2025

SOL Regains $200 But This Emerging DeFi-TradFi Coin Explodes in Presale – Find Out Why it Could Flip XLM

Solana is taking full advantage of Q4 and Uptober, shooting way above $200, proving itself…

October 6, 2025