Bitcoin surged to $118,500, fueled by $204 million in liquidations (mostly shorts). Market cap climbed to $2.33 trillion with daily active addresses reaching 869,000.
Ethereum rallied 5.5% to $4,337, with $57.4 billion futures OI and bullish options positioning.
Spot ETF inflows supported majors: BTC +$270 million, ETH +$55 million on October 1.
The U.S. shutdown commenced while ADP private payrolls fell by 32,000, marking the worst decline since March 2023.
Altcoin sentiment is strengthening as Google search interest for “altcoins” spikes.
Beijing expands its crypto crackdown, while Hong Kong defies the mainland by preparing to issue stablecoin licenses in March, raising questions about regulatory autonomy and US dollar dominance in digital finance.
A $1.2 trillion AI unwind rattled Wall Street, dragging tech and crypto-linked equities lower as investors brace for a pivotal CPI print that could reset rate-cut hopes and pressure risk assets from Nasdaq names to Bitcoin.
