Bitcoin Price Surge Leads the ‘Uptober’ Rally with Strong Start to Q4

Key Notes

• Q4 is the best-performing quarter for BTC and digital assets.
• Market participants anticipate a dovish stance from the Fed.
• Crypto experts highlight Bitcoin’s recent resilience after retesting the $112k.

BTC $117 008 24h volatility: 3.1% Market cap: $2.33 T Vol. 24h: $69.99 B price has jumped 3% as investors look beyond the US government shutdown, thereby triggering a broader crypto market upside. This is a strong start for Q4, which is historically the best quarter for BTC and digital assets. Market experts are predicting a strong upside this month of October, commonly called the ‘Uptober’ rally.

Bitcoin Rallies Along With Gold In Uptober Upside

On October 1, the Bitcoin price has climbed above the $116,500 mark as global markets show strong gains. Gold reached a new all-time high of 3,890, while the NASDAQ also recorded upward momentum.

Amid the US government shutdown , market analysts predict that the Fed Chair Jerome Powell will take a more dovish stand. This could potentially fuel a rally across risk-on assets, such as US equities and cryptocurrencies.

Crypto analyst Michael van de Poppe highlighted Bitcoin’s resilience after a swift retest of the $112,000 level, which was followed by an immediate bounce. He noted that the strong price action signals bullish momentum as Q4 begins.

There has been a quick retest of the $112K region and an immediate bounce upwards.

Strong performance of #Bitcoin and I think that we're in for a bullish month and quarter.

Q4 has started, good times are ahead of us. pic.twitter.com/IyXsDR6tdU

— Michaël van de Poppe (@CryptoMichNL) October 1, 2025

According to van de Poppe, the outlook for both October and the broader quarter remains positive. He also added that Bitcoin is poised for continued strength in the months ahead.

Fed Rate Cuts Can Drive Crypto Rally Further

As per the Polymarket data, there’s an 88% chance of Jerome Powell announcing a 25 bps Fed rate cut this month in October. The CME’s FedWatch tool indicates a nearly 95% likelihood.

Lower rates could increase the appeal of risk assets, including cryptocurrencies, to investors. Speaking to CoinDesk regarding the development, Dom Harz, co-founder of Bitcoin DeFi gateway BOB, said :

“Unlike previous years, this Uptober will see more targeted inflows, which could be a breakout moment in accelerating Bitcoin DeFi, as investors will want to do more with their Bitcoin holdings; transforming it from a static store-of-value into a yield-bearing asset class.”

Bitcoin’s recent surge in strength coincided with gold reaching new all-time highs. Traders have long expected BTC/USD to mirror gold’s performance. Crypto experts believe that the eight-week delay in Bitcoin following gold’s move may finally be ending.

$BTC in gold. pic.twitter.com/XhVxMk655A

— HTL-NL 🇳🇱 (@htltimor) October 1, 2025

Furthermore, in a landmark decision, President Trump’s administration has addressed the CAMT (Corporate Alternative Minimum Tax) issue, which previously threatened unrealized gains on Bitcoin. Officials say the move paves the way for the United States to strengthen its position as a leading global hub for Bitcoin innovation.

The Trump administration’s Treasury just delivered for American innovation—fixing the CAMT problem that threatened unrealized gains on Bitcoin.

This leadership clears the way for the U.S. to become the world’s #Bitcoin superpower. 🇺🇸

Thank you @USTreasury & @realDonaldTrump .

— Senator Cynthia Lummis (@SenLummis) September 30, 2025

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