The market is portray a complicated picture. As we speak, BTC and ETH have rallied strongly this week and are capturing each information headline this “Uptober”, whereas stress mounts because the crypto altcoin season index pushes greater, whilst BTC USD stays supreme.
The headline numbers are onerous to disregard because the BTC USD pair gained sharply, closing at its ATH, whereas the ETH USD pair adopted with conviction, however barely pushed above $4,500. Nonetheless, with BTC dominance brushing near 60 %, the tug‑of‑battle between majors and alts stays intense.
Throughout crypto information at this time, the dominant narrative is energy in high pairs. As seen in CoinGecko, BTC USD climbed roughly 11-12% over the week, whereas ETH USD mirrored that momentum with the identical achieve proportion. These have outpaced many altcoins, which is why the altcoin season index is simply step by step rising.
(supply – Crypto Gains, CoinGecko)
On the derivatives entrance, funding charges for each BTC-USD and ETH-USD stay in constructive territory, as shopping for stress growing. Liquidations stay comparatively muted, properly beneath earlier market extremes, which has lent stability to each pairs. That stated, BTC dominance stays round 59-60%, limiting the room for a lot of altcoins to interrupt away.
(supply – BTC.D, TradingView)
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Crypto Altcoin Season Index Climbs as Information on BTC USD & ETH USD Surge, However BTC Dominance Looms Over Alt Hopes As we speak
The altcoin season index has inched upward to sit down close to 65–70 in latest periods, an ideal signal for alt rotation. But even with that rise, at this time, crypto nonetheless factors to underlying rigidity as
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Bitcoin
1.42%
Bitcoin
BTC
Value
$122,072.17
1.42% /24h
Quantity in 24h
$63.31B
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continues to outperform most rivals, and dominance figures keep stress on breakout potential as a lot as most information saying an alt season is coming.
(supply – Altcoin Season Index, Coinglass)
From a liquidity perspective, DefiLlama experiences that whole worth locked (TVL) in DeFi has seen modest development, led by
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Ethereum
0.22%
Ethereum
ETH
Value
$4,491.42
0.22% /24h
Quantity in 24h
$32.73B
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and/or EVM chains. Rising deposits and utilization on Ethereum L1/L2 protocols are tilting the steadiness in favor of its USD dominance within the DeFi narrative. In the meantime, stablecoin provide caps throughout the ecosystem have expanded, one other signal of the beginning of altcoin season.
(supply – TVL, Defillama)
The altcoin season index is bullish, and derivatives metrics, equivalent to perpetual quantity and open curiosity, are quickly growing. But thus far, structural concentrations (TVL skewed towards ETH ecosystems, BTC’s valuation energy) are maintaining the alt rally suppressed. The index rise and BTC dominance close to 60 % exist facet by facet, forming the core stress in main crypto information at this time.
Will altseason begin in December
In keeping with optimists on Twitter and the basic "market cycle psychology" chart, December is when the market enters the Thrill section, and in January comes Euphoria — the height of altseason and countless multipliers.
The "market cycle… pic.twitter.com/AyxKKoOdZO
— baZOOka (@baZOOka_trading) October 4, 2025
In sum, BTC USD and ETH USD are doing the heavy lifting at this stage, whereas the altcoin season index factors to latent potential. What occurs subsequent hinges on dominance trending materially decrease and liquidity dispersing extra evenly. Markets are poised as alts anticipate a run.
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Can Bonk Crypto Kick Solana Meme Coin Season Again? Or Is This A Bitcoin Dominated Cycle?
There’s no denying that Bonk crypto has captured consideration once more. Sitting at a market cap close to $1.6 billion and notching a 2.9% achieve prior to now 24 hours, it’s turning into onerous to disregard. Quantity is up over $500 million at this time. However is that this an indication that curiosity in Solana’s memecoins could also be returning?
The larger query is: can Bonk revive the
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Solana
0.57%
Solana
SOL
Value
$229.23
0.57% /24h
Quantity in 24h
$7.99B
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meme coin season, or is Bitcoin nonetheless the one actual crypto on the town?
in case you zoom out lengthy sufficient, the $BONK chart seems like one prolonged sideways consolidation/accumulation vary
consider it or not, BONK is destined for a deca-billion-dollar run
and it's going to occur earlier than many count on pic.twitter.com/kAVy2SLNhg
— Unipcs (aka 'Bonk Man')
(@theunipcs) October 3, 2025
Bonk just lately broke out of a long-term downtrend sample. The wedge it was caught in for months lastly gave manner, and now targets are forming close to the $0.000022 stage. With a one-trillion burnout of 77 trillion tokens, Bonk is hitting a million holders. Bonk is having a setup that memecoins have used earlier than to rally in a really brief timeframe.
Solana, with its energy, performs into the chain’s meme cash. SOL chain’s TVL simply pushed previous $12.6 billion, or up almost 4% in a single day. This development offers meme coin initiatives like Bonk the catalyst they want.
(supply – SOL TVL, Defillama)
Open curiosity on Bonk crypto can be ticking greater. Funding charges have flipped constructive, and meaning merchants are betting on extra upside.
(supply – BONK Open Interest, Coinglass)
Learn the complete story here.
The submit Latest Crypto Market News Today, October 4: Confusing Weekend as BTC, ETH, XRP Strong Against USD, Altcoin Season Index Going Up, But BTC Dominance Up to 60% appeared first on 99Bitcoins.
