Crypto Daily｜BTC Rose To $112K and ETH Rose To $4100; Bitcoin's Final Act In Q4 Could Lift It Beyond $130,000

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The crypto market begins to recover, with BTC surging above $112,000, and the total crypto market cap experiencing a 24-hour rebound of 2.1%

According to HTX market data, the crypto market has started to recover. BTC surged this morning, breaking through $112,000, currently trading at $112,103. Ethereum has also rebounded above $4,100, currently at $4,128, while SOL has surged above $210.

According to Coingecko data, the total cryptocurrency market cap has risen to $3.958 trillion, with a 24-hour growth of 2.1%.

Bitcoin's Final Act In Q4 Could Lift It Beyond $130,000, Analyst Says

Bitcoin (CRYPTO: BTC) is approaching the climax of its four-year cycle as IntoTheCryptoverse founder Benjamin Cowen sees a final surge before the end of the year.

"Every cycle has peaked in Q4," he said, adding that if Bitcoin trades at $130,000–$140,000 in December, it may mark the top.

Even if the price stretches toward $180,000, he doesn't expect it to exceed $200,000 this cycle due to diminishing returns.

Tether Appoints Ex-Google Executive Benjamin Habbel as Chief Business Officer

Tether, the company behind the world’s most utilized stablecoin, has appointed Benjamin Habbel as its new Chief Business Officer (CBO). This strategic decision aims to propel Tether into its next phase of global growth and portfolio expansion. The announcement was made on September 24, 2025, according to Tether.

Habbel brings a wealth of experience from both the technology and finance sectors. Previously, he served as CEO of Limestone Capital, where he managed a robust alternative asset firm with over $1 billion in assets under management. His tenure at Limestone Capital involved overseeing various funds and companies, which employed more than 500 staff globally. His career also includes significant roles at Google, where he contributed to the growth of Android and Google Maps, and helped launch major products for Google Search.

Bitcoin & Ethereum Spot ETF Flow

The overall net outflow of the US Bitcoin spot ETF on Friday was $418.25 million. The total net asset value of Bitcoin spot ETFs is $143.56 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.59%.

The Bitcoin spot ETF with the highest net outflow on September 26 was Fidelity Wise Origin Bitcoin Fund (FBTC), with a net outflow of $300.41 million, according to SoSoValue.

The overall net outflow of the US ETH spot ETF on Friday was $248.31 million. The total net asset value of ETH spot ETFs is $26.01 billion, and the ETF net asset ratio (market value compared to total ETH market value) is 5.37%.

The ETH spot ETF with the highest net outflow on Sep 26 was iShares Ethereum Trust ETF , with a net outflow of $199.87million.