Bitcoin tops $118,000 as “Uptober” kicks off on a weaker dollar

What happened (quick context)

Bitcoin pushed through $118,000 to start October, with seasonal “Uptober” momentum and a softer U.S. dollar adding fuel. A Reuters strategist poll points to ongoing dollar weakness alongside expected Fed rate cuts, while multiple crypto outlets reported BTC’s break above $118k and improving Q4 seasonality.

Winners - grouped by theme

Group: Bitcoin miners (operating leverage to BTC price; higher hash-revenue per coin when BTC rises)

Names: $MARA (Marathon Digital), $RIOT (Riot Platforms), $CLSK (CleanSpark)

Reason: Miner revenue tracks BTC; price strength expands gross margin per hash and boosts capacity expansion economics. Coverage: Barron’s on BTC rally; CryptoNews on $118k breakout.

Grou ...