The cryptocurrency market begins the new week on solid footing after broad gains last week. Bitcoin and Ethereum each rose around 11% over the past seven days, while BNB and Solana recorded even larger increases. Bitcoin is trading near $123,800 this morning, less than 2% below its all-time high of $125,600 set on Sunday. A move higher from current levels would likely establish a new record.
BNB and Mantle Set New Highs
BNB continued its strong performance, rising more than 2% today and surpassing $1,200 for the first time, marking a new all-time high. The coin has posted several consecutive record highs in recent sessions and has now gained over 40% during the past month.
Mantle (MNT) also began the week with a new peak, climbing 6% to $2.15 following the launch of its USD1 stablecoin and recent network upgrades.
Most other large-cap cryptocurrencies are trading slightly lower today after the strong run last week. Ethereum remains above $4,500, and Solana holds above $320, both up sharply compared to mid-September levels. XRP is down about 1.5% to $2.98, losing the $3 level again. Despite the mixed start to the week, the overall market trend remains positive, supported by continued strength in major assets.
Read also: Why Not Staking Your Solana Might Be Costing You Money
Market Sentiment
Market sentiment remains firmly positive. The Crypto Fear and Greed Index stands at 71 today, down slightly from Sunday’s reading but still well within the “greed” range, signaling strong investor confidence.
CoinMarketCap’s equivalent index shows a more moderate stance at 59, indicating neutral conditions. Together, the readings reflect optimism in the market, though with some signs of short-term caution as traders monitor price consolidation near record levels.
In traditional finance, US stock futures moved higher on Monday as investors monitored the ongoing government shutdown. Nasdaq both recorded their fourth weekly gain in five last week, while gold approached $4,000 per ounce amid continued uncertainty in Washington. The shutdown has delayed the release of key economic data, including the September jobs report, leaving investors reliant on private-sector readings to assess the state of the US economy.
Read also: Crypto Markets Rise Despite U.S. Government Shutdown
Broader Picture
Crypto assets have started October with momentum, following a strong close to the third quarter. With Bitcoin near its record high and several major coins reaching or approaching new peaks, the sector remains in a broadly upward trend. Traders are now watching whether continued optimism and steady inflows can sustain these elevated price levels in the weeks ahead.
