Overview

• Bitcoin climbed above $118,000 and pushed the total crypto market value to roughly $4 trillion, extending gains that erased most late‑September losses.
• U.S. spot ETFs drew fresh demand, with bitcoin funds taking in about $430 million on Sept. 30 and ethereum products swinging back to inflows, with trackers citing totals from about $127 million to a record near $547 million.
• Macro signals turned supportive as ADP reported a 32,000 drop in private payrolls and the government shutdown began, boosting odds of further Federal Reserve easing, with futures implying near‑certainty of another rate cut in October.
• Altcoins advanced alongside bitcoin, with ether above $4,300 and large caps like Solana and Dogecoin gaining 5%–7%, while short positions saw roughly $60 million in liquidations during the London session.
• On‑chain and treasury data pointed to tightening tradable supply, including falling exchange reserves, Metaplanet lifting its bitcoin holdings to about 30,823 BTC, and reports from Arkham indicating Tether bought roughly $1 billion in BTC during Q3.