Bitcoin price jumped above $120,000 amid an early-October “Uptober” rally and a U.S. government shutdown, driven by renewed spot Bitcoin ETF inflows, growing rate-cut expectations, and rising demand for safe-haven assets such as gold. Bitcoin price topped $120,000 as ETF inflows surged Investors added $675.8 million to spot Bitcoin ETFs on Wednesday, the largest single-day inflow since mid-September. BTC’s weekly gain neared 8% while gold also climbed, highlighting a shift toward safe-haven and low-rate assets. Bitcoin price spikes to $120K in Uptober amid ETF inflows and shutdown-driven demand — read the data and expert views on BTC momentum. { "@context": "https://schema.org", "@type": "NewsArticle", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://en.coinotag.com/article/bitcoin-uptober-120k" }, "headline": "Bitcoin Price Tops $120,000 in Uptober Rally as ETF Inflows Surge", "description": "Bitcoin price jumps above $120,000 amid Uptober rally, boosted by spot ETF inflows, rate-cut expectations and gold's rise during a U.S. government shutdown.", "datePublished": "2025-10-02T00:00:00Z", "dateModified": "2025-10-02T00:00:00Z", "author": { "@type": "Organization", "name": "COINOTAG" }, "publisher": { "@type": "Organization", "name": "COINOTAG" }} What is driving the Bitcoin price surge in Uptober? Bitcoin price rose above $120,000 as investors poured money into spot Bitcoin ETFs and rotated toward assets that benefit from potential Federal Reserve rate cuts. ETF inflows, rising gold prices, and a temporary market shift during the U.S. government shutdown combined to push BTC higher. How did spot Bitcoin ETFs and investor flows affect the rally? Spot Bitcoin ETFs saw strong demand, with investors adding roughly $675.8 million in a single day—the largest inflow since mid-September, according to reported ETF tracking data. This liquidity influx increased buying pressure on BTC and improved market sentiment. Why are rate-cut expectations important for Bitcoin? Lower expected interest rates reduce the opportunity cost of holding non-yielding assets. Market commentary from ETF analysts and macro strategists indicated a greater chance of a Fed rate cut, which historically correlates with stronger performance for Bitcoin and other risk-on assets. Frequently Asked Questions { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "Is the Bitcoin price rally tied to safe-haven flows?", "acceptedAnswer": { "@type": "Answer", "text": "Yes. The BTC rally coincided with rising gold prices and demand for assets that perform better in lower-rate or uncertain macro periods, indicating some safe-haven interest alongside ETF-driven demand." } }, { "@type": "Question", "name": "How much did investors add to spot Bitcoin ETFs during the latest surge?", "acceptedAnswer": { "@type": "Answer", "text": "Investors added about $675.8 million to spot Bitcoin ETFs on the largest single inflow day since mid-September, according to ETF inflow trackers." } }, { "@type": "Question", "name": "What are the chances Bitcoin hits a new all-time high soon?", "acceptedAnswer": { "@type": "Answer", "text": "Market prediction platforms showed an elevated probability—around 81% per recent user-based odds—for BTC reaching $125,000 before falling to $105,000, reflecting increased bullish sentiment." } } ]} What does short-term price action tell traders? In the short term, BTC’s 24-hour gain of roughly 2% and a near-8% weekly rise suggest renewed momentum. Traders are watching ETF flows, macro data, and correlations with equities and gold to gauge sustainability. How are other cryptocurrencies performing alongside Bitcoin? Major altcoins mirrored Bitcoin’s gains: Ethereum traded near $4,407 after a 3% rise, and Solana approached $226 after a similar intraday increase—showing broad market participation rather than isolated BTC strength. Key Takeaways Price milestone : Bitcoin surpassed $120,000 amid Uptober momentum and macro uncertainty. ETF inflows : Spot Bitcoin ETFs attracted significant capital—$675.8 million reported in one day—boosting demand. Market drivers : Rate-cut expectations, safe-haven flows to gold, and ETF liquidity combined to lift BTC. Conclusion Bitcoin price strength in early October reflects a confluence of factors: notable spot ETF inflows, rising odds of Federal Reserve rate cuts, and concurrent safe-haven interest evidenced by gold’s gains. Market participants should watch ETF flow data, macro rate signals, and correlation shifts for clues about sustainability. COINOTAG will continue monitoring developments and updating coverage. { "@context": "https://schema.org", "@type": "HowTo", "name": "How to interpret a Bitcoin Uptober rally", "description": "Steps to assess whether Bitcoin's Uptober rally is sustainable based on flows, macro, and correlation data.", "step": [ { "@type": "HowToStep", "url": "https://en.coinotag.com/article/bitcoin-uptober-120k", "name": "Check ETF inflows", "text": "Monitor daily spot Bitcoin ETF flow figures for large net inflows that can sustain upward pressure." }, { "@type": "HowToStep", "url": "https://en.coinotag.com/article/bitcoin-uptober-120k", "name": "Watch macro indicators", "text": "Observe Fed rate-cut odds and economic indicators that influence demand for risk and safe-haven assets." }, { "@type": "HowToStep", "url": "https://en.coinotag.com/article/bitcoin-uptober-120k", "name": "Track asset correlations", "text": "Compare BTC movements with equities and gold to determine whether price action is idiosyncratic or broadly driven." } ]} Sources: ETF flow trackers, CoinGecko price data, market commentary from COINOTAG and Bloomberg, user-based odds from prediction platform Myriad. Publication date: 2025-10-02. Author/Organization: COINOTAG.
