{"id":119532,"date":"2025-10-03T11:54:43","date_gmt":"2025-10-03T07:54:43","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=119532"},"modified":"2025-10-03T11:54:46","modified_gmt":"2025-10-03T07:54:46","slug":"bitcoin-tops-120k-as-uptober-optimism-and-u-s-shutdown-liquidity-hopes-fuel-rally","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-tops-120k-as-uptober-optimism-and-u-s-shutdown-liquidity-hopes-fuel-rally\/10\/03\/market-updates\/","title":{"rendered":"Bitcoin Tops $120K as \u201cUptober\u201d Optimism and U.S. Shutdown Liquidity Hopes Fuel Rally"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p><strong>Bitcoin surged to its highest level in seven weeks on Friday, extending a sharp rebound as seasonal \u201cUptober\u201d momentum and expectations of a liquidity impulse from the U.S. government shutdown underpinned sentiment.<\/strong><\/p>\n\n\n\n<p>The world\u2019s largest cryptocurrency traded 1.2% higher at <strong>$120,052.20<\/strong> by 02:20 ET (06:20 GMT), after briefly surpassing <strong>$121,000<\/strong> in the previous session. Bitcoin has gained nearly 10% so far this week, recovering from late-September liquidations that erased billions in leveraged positions. More than <strong>$20 billion in crypto derivatives<\/strong> were unwound last week before large \u201cwhale\u201d investors and institutional inflows helped stabilize markets.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Uptober Momentum and Shutdown Dynamics<\/h4>\n\n\n\n<p>October has historically been one of Bitcoin\u2019s strongest months, giving rise to the term \u201cUptober.\u201d This year, the seasonal optimism has been amplified by steady flows into U.S. spot bitcoin ETFs and speculation that the ongoing U.S. government shutdown could redirect liquidity into alternative assets.<\/p>\n\n\n\n<p>With federal agencies shuttered and key data releases \u2014 including Friday\u2019s nonfarm payrolls \u2014 delayed, traders expect the Federal Reserve may lean on forward guidance while liquidity finds outlets in functioning markets. Still, analysts warn that a prolonged shutdown could complicate the Fed\u2019s policy outlook, heightening volatility.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">CME to Launch 24\/7 Crypto Trading<\/h4>\n\n\n\n<p>Adding to the upbeat sentiment, <strong>CME Group (NASDAQ:CME)<\/strong> said it plans to launch 24\/7 trading for cryptocurrency futures and options in early 2026, pending regulatory approval. CME noted record participation this year, including <strong>$39 billion in notional open interest<\/strong> in September and a <strong>230% year-on-year jump<\/strong> in August trading volumes.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Altcoins Post Modest Gains<\/h4>\n\n\n\n<p>The broader crypto market also rose, though gains were more subdued compared to Bitcoin.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Ethereum (ETH)<\/strong> climbed 1.8% to <strong>$4,482.92<\/strong><\/li>\n\n\n\n<li><strong>XRP<\/strong> advanced 1.6% to <strong>$3.02<\/strong><\/li>\n\n\n\n<li><strong>Solana (SOL)<\/strong> rose 3%, while <strong>Cardano (ADA)<\/strong> was flat and <strong>Polygon (MATIC)<\/strong> slipped 0.5%<\/li>\n\n\n\n<li>Meme tokens were little changed, with <strong>Dogecoin (DOGE)<\/strong> and <strong>$TRUMP<\/strong> holding steady<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin surged to its highest level in seven weeks on Friday, extending a sharp rebound as seasonal \u201cUptober\u201d momentum and expectations of a liquidity impulse from the U.S. government shutdown underpinned sentiment. The world\u2019s largest cryptocurrency traded 1.2% higher at $120,052.20 by 02:20 ET (06:20 GMT), after briefly surpassing $121,000 in the previous session. Bitcoin &hellip;<\/p>\n","protected":false},"author":9,"featured_media":98301,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[],"class_list":["post-119532","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=119532"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119532\/revisions"}],"predecessor-version":[{"id":119533,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119532\/revisions\/119533"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/98301"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}