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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 continues 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 worth (Supply: CoinMarketCap)
Over $261 million briefly BTC positions have been liquidated prior to now 24 hours, knowledge from CoinGlass exhibits.
Institutional buyers helped energy the rally, with spot Bitcoin ETF inflows topping $1 billion prior to now three days.
The crypto sector’s general 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 available in the market, 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 good points have been fueled by enhancing sentiment within the crypto market over the previous 24 hours.
Based on the Crypto Concern & Greed Index, a well-liked software to gauge sentiment available in the market, sentiment has shifted from “Impartial” to “Greed.”
Crypto Concern & Greed Index (Supply: Various.me)
The index at the moment stands at a rating of 64, which is a 15-point leap from yesterday’s “Impartial” rating of 49.
That enhancing sentiment comes regardless of uncertainty attributable to the US authorities shutdown after the US Senate did not cross funding measures.
The shutdown is predicted to delay the discharge of key financial knowledge this month, whereas the US Securities and Alternate Fee (SEC) is halting work on spot crypto ETFs functions.
Seems to be like a chronic authorities shutdown would undoubtedly influence the launch of latest spot crypto ETFs…
ETF Cryptober is likely to 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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