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.
Five years in, Bitcoin remittances in El Salvador are growing, but still account for just 0.7% of flows, exposing a gap between bold policy ambitions and on-the-ground behaviour.
The seed round, led by Castle Island Ventures, bets on execution quality becoming the next competitive frontier as high-performance blockchains shift to multi-proposer designs.
