- •Bitcoin reaches a new all-time high at $123,702
- •Ethereum gains 3%, reclaiming major support levels
- •Market sentiment remains in “Greed” zone with $353M liquidated
The crypto market is back in rally mode, following a brief cooldown on Monday. Bitcoin ($BTC) surged to a new all-time high of $123,702, recording a modest 0.24% gain in the last 24 hours. This marks a significant milestone, reinforcing bullish momentum in the digital asset space.
Despite the small daily percentage increase, setting a new record price shows continued investor confidence and strong buying pressure in the market. Bitcoin’s performance continues to lead the overall market sentiment, which has now climbed to Greed, with the Fear & Greed Index standing at 70.
Ethereum Shows Renewed Strength
While Bitcoin stole the spotlight with its record-breaking price, Ethereum ($ETH) also displayed impressive strength. The second-largest cryptocurrency jumped by 3%, reclaiming the $4,677 level—an important support and resistance zone for ETH traders and investors.
Ethereum’s recent momentum is supported by growing network activity, increasing institutional interest, and speculation around new upgrades that could enhance its scalability and efficiency. The strong ETH performance suggests that altcoins might follow suit if bullish conditions continue.
The crypto market continues its rally after slightly cooling off on Monday, with $BTC setting a new all-time high and $ETH showing significant strength, reclaiming key levels.$BTC: $123,702 +0.24%$ETH: $4,677 +3%
— CryptoRank.io (@CryptoRank_io) October 7, 2025
FGI: 70 → Greed
Market Cap: $4.51T
Liquidations: $353M pic.twitter.com/ohiUqqnMrS
Market Sentiment and Liquidations
The overall crypto market capitalization has now climbed to $4.51 trillion, reflecting renewed investor interest and capital inflow. Along with the rally, there were over $353 million in liquidations, showing how volatile and fast‑moving the market remains, especially during key breakouts.
The current market trend aligns with broader risk‑on behavior among crypto traders, driven by optimism around institutional adoption and macroeconomic factors favoring digital assets.