By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin (BTC) moved higher amid the 0 shutdown and its up roughly 3% in the last 24 hours to $116,400. The broader crypto market, as measured by the CoinDesk 20 index ( CD20 ) rose 3.5%. Equities markets excluding the 1 moved higher, even as traders remain cautious over the shutdown. Europe’s STOXX 50 is up 0.3% in today’s session, while the FTSE 100 rose 0.7%.
Futures on the S&P 500 are, however, down 0.55% while on the Nasdaq they’re down 0.64%. The 2 shutdown could lead to economic data delays, which are compounded by looming tariffs on various 3 has seemingly seen investors move away from the country and into alternative stores of 4 uncertainty has seen the price of gold rise 3.75% in the past week to now hover around $3,890 per 5 crypto ETFs drew in more than $550 million in net inflows on Sept. 30, with spot bitcoin ETFs representing the lion’s share of that 6 flight to alternative assets is occurring against a favorable macroeconomic 7 Federal Reserve is widely expected to keep cutting interest rates this month, with Polymarket traders weighing an 85% chance of a 25 bps 8 figure is near 95% in the CME’s Fedwatch 9 interest rates could make risk assets, which include cryptocurrencies, more appetizing for 10 involvement has also deepened amid the changing monetary policy.
BlackRock’s iShares Bitcoin Trust (IBIT) overtook Deribit to become the top venue for bitcoin options trading by open interest, now near $38 billion. “We have seen the convergence of both institutional backing and maturation across the Bitcoin 11 is more embedded in the foundations of global finance, and institutional interest is at an all-time high,” Dom Harz, co-foudner of Bitcoin DeFi gateway BOB, told CoinDesk. “Unlike previous years, this Uptober will see more targeted inflows, which could be a breakout moment in accelerating Bitcoin DeFi, as investors will want to do more with their Bitcoin holdings; transforming it from a static store-of-value into a yield-bearing asset class,” he added.
Indeed, bitcoin exposure coupled with yield appears to be becoming a new 12 this morning Swiss digital bank Sygnym launched a new BTC Alpha Fund , aiming to generate yield on bitcoin without reducing exposure to the cryptocurrency’s price 13 traditional markets are likely to see lower volatility due the upcoming data vacuum from the government shutdown, crypto market see a wave of spot ETF decisions in the near future to look forward 14 SEC is scheduled to make decisions on a total of 16 spot crypto ETF applications this 15 alert! What to Watch For a more comprehensive list of events this week, see CoinDesk's week-ahead 16 Nothing 17 Oct. 1, 8:15 a.
m.: 18 Employment Change Est. 50K. Oct. 1, 9 a. m.: S&P Global Brazil 19 PMI (Prev. 47.7). Oct. 1, 9:30 a.
m.: S&P Global Canada 20 PMI (Prev. 48.3). Oct. 1, 9:45 a. m.: S&P Global 21 Manufacturing PMI (final). Est. 52.
Oct. 1, 10 a. m.: 22 23 PMI Est. 49. Oct. 1, 10 a. m.: 24 Finance Committee hearing titled “Examining the Taxation of Digital Assets” Oct. 1, 11 a.
m.: S&P Global Mexico 25 PMI (Prev. 50.2). Earnings (Estimates based on FactSet data) Nothing 26 Events For a more comprehensive list of events this week, see CoinDesk's week-ahead 27 votes & calls GnosisDAO is voting on a resubmitted proposal to create a $40,000 pilot 28 would allow the community to directly finance small ecosystem projects using a conviction voting 29 ends 30 Oct. 1: Sui (SUI) to unlock 1.23% of its circulating supply worth $137.27 million. Oct. 1: EigenLayer (EIGEN) to unlock 13.77% of its circulating supply worth $64.07 31 Launches Oct. 1: Swam Network (SWM) to be listed on Binance Alpha, KuCoin, BitMart and 32 For a more comprehensive list of events this week, see CoinDesk's week-ahead note .
Oct. 1: ETHVenice 2025 (Venice, Italy) Oct. 1: Finance 2.0 – 2025 (Zürich, Switzerland) Day 1 of 2: Northern FinTech Summit 2025 (London) Day 1 of 2: TOKEN2049 Singapore Token Talk By Oliver Knight Privacy token zcash (ZEC) is leading the pack on Wednesday, rising to its highest point since May 2022 following a break out against its bitcoin and dollar trading 33 touched $97.25 before retreating back to around $92.00 - a 41% rise for the day on the back of a 36% rise in daily trading volume to $300 34 surge comes alongside a boost across the wider altcoin market, with DeFi tokens ethena (ENA), curve (CRV) and raydium (RAY) all increasing by more than 8%.
A number of catalysts triggered the crypto recovery; notably the 35 shutdown that brought the dollar lower and gold to fresh record highs at $3,887. Altcoins have outperformed bitcoin so far on Wednesday, although it's worth noting that the average crypto relative strength index (RSI) is approaching overbought territory, suggesting that a period of consolidation is on the cards as the market begins to 36 market outlier was aster, the native token of its namesake's BNB Chain-based perpetual 37 slumped by 6.8% on Wednesday to compound a 25% decline over the past week as hype in the HyperLiquid rival begins to 38 Positioning The BTC futures market continues to show a strengthening bullish 39 overall futures open interest remains high at around $31.69 billion, reflecting sustained trader engagement, with Binance still leading the pack at $13.19 billion.
Concurrently, the 3-month annualized basis is holding firm between 6% and 7%, indicating that the yield from the basis trade remains 40 consistent metric across both open interest and basis suggests that traders are not only increasing their exposure but are doing so with conviction, reinforcing the positive sentiment observed in the 41 BTC options market continues to show a divergence between its key metrics, presenting a complex picture of market 42 the 25 Delta Skew for short-term options remains low, suggesting that traders are still willing to pay a premium for puts to hedge against downside risk, the 24-hour Put/Call Volume points to a surge in bullish 43 latest data shows that calls now make up 63.54% of the total volume, a strong reversal from a put-dominated 44 conflicting data indicates a highly polarized environment where some traders are hedging against potential price drops, while a larger number are actively betting on a short-term 45 rates have not only remained positive on major exchanges like Binance and OKX, but have picked up across the board, including on the historically volatile Hyperliquid.
Deribit, in particular, is seeing a significant premium, with its annualized funding rate jumping to 17%. This indicates a strong and sustained demand for leveraged long positions, as traders are consistently willing to pay a high premium to hold their bullish 46 widespread positive funding across all major platforms signals a collective market conviction in a continued upward trend for 47 data shows $644 million in 24 hour liquidations, with a 38-62 split between longs and 48 ($166 million), ETH ($164 million) and Others ($69 million) were the leaders in terms of notional 49 liquidation heatmap indicates $116,650 as a core liquidation level to monitor, in case of a price 50 Movements BTC is up 1.54% from 4 51 Tuesday at $116,430.81 (24hrs: +3.02%) ETH is up 2.8% at $4,313.90 (24hrs: +3.25%) CoinDesk 20 is up 2.61% at 4,140.33 (24hrs: +4%) Ether CESR Composite Staking Rate is down 6 bps at 2.87% BTC funding rate is at 0.0066% (7.1974% annualized) on Binance DXY is unchanged at 97.74 Gold futures are up 1.18% at $3,919.00 Silver futures are up 1.73% at $47.44 Nikkei 225 closed down 0.85% at 44,550.85 Hang Seng closed up 0.87% at 26,855.56 FTSE is up 0.66% at 9,412.09 Euro Stoxx 50 is up 0.31% at 5,546.86 DJIA closed on Tuesday up 0.18% at 46,397.89 S&P 500 closed up 0.41% at 6,688.46 Nasdaq Composite closed up 0.30% at 22,660.01 S&P/TSX Composite closed up 0.17% at 30,022.81 S&P 40 Latin America closed up 0.21% at 2,951.50 U.
S. 10-Year Treasury rate is up 0.2 bps at 4.152% E-mini S&P 500 futures are down 0.54% at 6,702.50 E-mini Nasdaq-100 futures are down 0.62% at 24,748.00 E-mini Dow Jones Industrial Average Index are down 0.47% at 46,471.00 Bitcoin Stats BTC Dominance: 58.88% (-0.28%) Ether to bitcoin ratio: 0.03690 (1.51%) Hashrate (seven-day moving average): 1,058 EH/s Hashprice (spot): $51.68 Total Fees: 3.15 BTC / $359,057 CME Futures Open Interest: 134,400 BTC BTC priced in gold: 30.1 oz BTC vs gold market cap: 8.49% Technical Analysis PUMP has been one of the strongest assets off the lows earlier this week, bouncing from the golden pocket at $0.0048 after the drawdown from all-time 52 finding acceptance above the yearly open, which coincides with the 20D EMA, PUMP has now traded back to the first highs at $0.0069.
If momentum continues, PUMP can target the daily order block around $0.0074, which, if cleared, could lead to new all-time 53 will want to see PUMP continue trading above the yearly open in the event of a 54 Equities Coinbase Global (COIN): closed on Tuesday at $337.49 (+1.05%), +1.83% at $343.68 in pre-market Circle Internet (CRCL): closed at $132.58 (-0.81%), +1.54% at $134.62 Galaxy Digital (GLXY): closed at $33.81 (-1.4%), +2.37% at $34.61 Bullish (BLSH): closed at $63.61 (+2.1%), +0.46% at $63.90 MARA Holdings (MARA): closed at $18.26 (-2.14%), +2.14% at $18.65 Riot Platforms (RIOT): closed at $19.03 (-3.79%), +1.37% at $19.29 Core Scientific (CORZ): closed at $17.94 (+3.52%), +0.33% at $18 CleanSpark (CLSK): closed at $14.5 (-2.49%), +2.41% at $14.85 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $44.24 (+0.07%), +1.6% at $44.95 Exodus Movement (EXOD): closed at $27.78 (-4.04%) Crypto Treasury Companies Strategy (MSTR): closed at $322.21 (-1.29%), +2.66% at $330.78 Semler Scientific (SMLR): closed at $30 (+2.6%), +2.03% at $30.61 SharpLink Gaming (SBET): closed at $17.01 (-1.45%), +2.59% at $17.45 Upexi (UPXI): closed at $5.77 (+2.67%), +6.93% at $6.17 Lite Strategy (LITS): closed at $2.42 (-4.72%), +6.61% at $2.58 ETF Flows Spot BTC ETFs Daily net flow: $429.9 million Cumulative net flows: $57.72 billion Total BTC holdings ~ 1.32 million Spot ETH ETFs Daily net flow: $127.5 million Cumulative net flows: $13.81 billion Total ETH holdings ~ 6.58 million): The first 55 shutdown since 2019 has begun, with Democrats pressing for health subsidy extensions and Medicaid funding as federal services stall and workers face furloughs and job 56 to Distribute Coins on Conservative Video Platform Rumble (Bloomberg): Tether will use Rumble’s 51 million users to distribute its upcoming U.
S.-compliant stablecoin, USAT, via Rumble’s planned crypto wallet that will also host other digital 57 Bank Sygnum Unveils Bitcoin Yield Fund as BTC DeFi Demand Grows (CoinDesk): The BTC Alpha Fund, developed in partnership with Athens-based Starboard Digital, uses arbitrage strategies to target net annual returns of 8%-10%, which are paid directly in 58 CTO David Schwartz to Step Back, Joins Board (CoinDesk): Schwartz will shift his focus to family and XRP projects as Dennis Jarosch takes over operations, supporting efforts to expand the XRP Ledger beyond 59 Named a ‘Permanent Threat’ to Europe’s Security as Leaders Discuss a Drone Wall (CNBC): Airspace incursions by Russian drones and jets have pushed EU leaders to consider a “drone wall” defense system, with NATO support but also concerns about cost and implementation speed.
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