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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 keeping with CoinMarketCap. It’s now inside 5% of its $124,457.12 all-time excessive set on Aug. 14.
BTC worth (Supply: CoinMarketCap)
Over $261 million in brief BTC positions have been liquidated up to now 24 hours, information from CoinGlass exhibits.
Institutional traders helped energy the rally, with spot Bitcoin ETF inflows topping $1 billion up to now three days.
The crypto sector’s total market cap soared greater than 4%, leading to practically 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 Traders Not Fazed By The US Authorities Shutdown
The positive factors have been fueled by bettering sentiment within the crypto market over the previous 24 hours.
In keeping with the Crypto Concern & Greed Index, a well-liked software to gauge sentiment out there, sentiment has shifted from “Impartial” to “Greed.”
Crypto Concern & Greed Index (Supply: Different.me)
The index at the moment stands at a rating of 64, which is a 15-point soar from yesterday’s “Impartial” rating of 49.
That bettering sentiment comes regardless of uncertainty attributable to the US authorities shutdown after the US Senate did not 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 to be like a protracted authorities shutdown would positively impression the launch of recent spot crypto ETFs…
ETF Cryptober is likely to be on maintain for a bit.
From SEC’s “Operations Plan Underneath a Lapse in Appropriations & Authorities Shutdown”… pic.twitter.com/Z6gY1bJbUt
— Nate Geraci (@NateGeraci) October 1, 2025
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