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Bitcoin surged previous $118k and meme cash soared as Technique’s Michael Saylor declared “Glad Uptober” on X regardless of the US authorities shutdown.
BTC briefly hit $119,453 earlier than pulling again, however remains to be up greater than 3% over the previous 24 hours to commerce at $118,720.42 as of three:14 a.m. EST, in response to CoinMarketCap. It’s now inside 5% of its $124,457.12 all-time excessive set on Aug. 14.
BTC value (Supply: CoinMarketCap)
Over $261 million briefly BTC positions had been liquidated up to now 24 hours, information from CoinGlass reveals.
Institutional buyers helped energy the rally, with spot Bitcoin ETF inflows topping $1 billion up to now three days.
The crypto sector’s general market cap soared greater than 4%, leading to almost half a billion {dollars} being liquidated from bets in opposition to crypto costs.
Commenting on the upbeat sentiment out there, Bitcoin maxi Saylor wished his 4.5 million followers on X “Glad Uptober,” a reference to the traditionally bullish October month for the market.
Glad Uptober 🚀
— Michael Saylor (@saylor) October 1, 2025
DOGE Leads 9% Meme Coin Surge
The meme coin sector surged 9% to hit a market capitalization of $73.5 billion as sector titan Dogecoin (DOGE) jumped 10%.
SPX6900 (SPX) was the highest gainer amongst main meme cash with a 32% surge.
Shiba Inu (SHIB) and Pepe (PEPE) pumped 6% and eight%, respectively, whereas Pudgy Penguins (PENGU) soared 14%, Bonk (BONK) gained 8%, and OFFICIAL TRUMP (TRUMP) climbed 4%.
Crypto Buyers Not Fazed By The US Authorities Shutdown
The positive factors had been fueled by bettering sentiment within the crypto market over the previous 24 hours.
In accordance with the Crypto Concern & Greed Index, a well-liked device to gauge sentiment out there, sentiment has shifted from “Impartial” to “Greed.”
Crypto Concern & Greed Index (Supply: Various.me)
The index at present stands at a rating of 64, which is a 15-point bounce from yesterday’s “Impartial” rating of 49.
That bettering sentiment comes regardless of uncertainty brought on by the US authorities shutdown after the US Senate didn’t go funding measures.
The shutdown is predicted to delay the discharge of key financial information this month, whereas the US Securities and Trade Fee (SEC) is halting work on spot crypto ETFs purposes.
Seems like a chronic authorities shutdown would undoubtedly affect the launch of recent spot crypto ETFs…
ETF Cryptober may be on maintain for a bit.
From SEC’s “Operations Plan Below a Lapse in Appropriations & Authorities Shutdown”… pic.twitter.com/Z6gY1bJbUt
— Nate Geraci (@NateGeraci) October 1, 2025
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