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Bitcoin Kicks Off 'Uptober' With Break Above $116K as Crypto Equities Surge Pre-Market
Bitcoin and ether rally on the first day of October alongside record gold prices, boosting pre-market gains for U.S. crypto stocks.
Updated Oct 1, 2025, 9:04 a.m. Published Oct 1, 2025, 9:04 a.m.
What to know:
- Bitcoin hits $116,600, up 2% in 24 hours, while ether jumps 4% to $4,287.
- Crypto-linked equities rally pre-market: Strive up 25%, MSTR +2%, Bitfarms +3%, NAKA +7%.
The much-anticipated "Uptober" has arrived, and the momentum is already building on the very first day of the month.
Bitcoin has broken through the $116,000 mark, climbing 2% in the past 24 hours and briefly reaching as high as $116,600. The rally is unfolding against a backdrop of a U.S. government shutdown and record-setting strength in gold, which is trading near $3,900.
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Ether is following suit, jumping nearly 4% in the same 24-hour period to trade at $4,287.
The surge in bitcoin during the European session has spilled over into U.S. crypto equities, fueling sharp pre-market activity. Strive (ASST) is the standout winner, soaring 25% to $3.15. Strategy (MSTR), widely seen as a leveraged bitcoin play, is up more than 2% at $328 per share. Bitfarms (BITF) has added 3% in pre-market trading to $2.91, while Kindly MD (NAKA) is up 7%.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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What to know:
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