Bitcoin Hits $117,000, Ethereum, XRP Unbothered By Government Shutdown

Author: Khyathi Dalal | October 01, 2025 04:02pm

Cryptocurrencies surged on Wednesday, with Bitcoin convincingly surpassing the $117,000 mark.

Cryptocurrency	Ticker	Price
Bitcoin	(CRYPTO: BTC)	$117,462.92
Ethereum	(CRYPTO: ETH)	$4,319.33
Solana	(CRYPTO: SOL)	$219.53
XRP	(CRYPTO: XRP)	$2.94
Dogecoin	(CRYPTO: DOGE)	$0.2468
Shiba Inu	(CRYPTO: SHIB)	$0.00001233

Notable Statistics:

• Coinglass data shows 126,124 traders were liquidated in the past 24 hours for $519.11 million.     
• In the past 24 hours, top gainers include Zcash (CRYPTO: ZEC), SPX6900 (CRYPTO: SPX) and Pudgy Penguins (CRYPTO: PENGU).

Notable Developments:

• Solana, XRP ETFs May Be Just The Start: Why You Need To Brace For The Crypto ETF Avalanche
• Metaplanet Adds 25,555 BTC As Bitcoin Surges To $116,000
• Bitcoin Could Hit $1 Million Because ‘Governments Keep Printing Money Like No Tomorrow’, Telegram CEO Says
• Michael Saylor Calls Bitcoin ‘Digital Energy’ That Will Transform Finance
• VisionSys AI Stock Tanks 45% After Announcing $2 Billion Solana Treasury Partnership
• Trump-Backed World Liberty Financial To Roll Out Crypto Debit Card By Early 2026: ‘They Called Us A Joke…A Memecoin’

Trader Notes: Scient highlighted Bitcoin reversed sharply from $108,500, surprising traders who anticipated a retest of the $107,000 lows.

The bounce comes from a key weekly support level, making the move reasonable, though short-term action appears unusually volatile.

BTC is now testing the critical $117,000 level.

A successful break above could put all-time highs back in play, while rejection might trigger a pullback toward $112,500 or even $108,000.

The trader is holding significant spot exposure, expecting an eventful week ahead.

Ted Pillows noted historical patterns during the last two U.S. government shutdowns: Bitcoin initially spiked due to market uncertainty and a rush into perceived safe or uncorrelated assets, followed by sharp selloffs as normalcy returned and risk-on sentiment resumed.

The US government shutdown has happened today.

During the last 2 shutdowns, $BTC pumped first and then dropped sharply.

Will this time be different? pic.twitter.com/1dXvtv35pa

— Ted (@TedPillows) October 1, 2025

Crypto Tony highlighted resistance at $117,600, maintaining a long position entered at $109,000 while watching for a breakout above this key level.

Altcoin Sherpa projects Bitcoin may target $120,000 next, but stresses a clear breakout above current resistance is necessary for that move.

Read Next:

• Benzinga Discusses The Benefits Of Social Trading, Tokenization With Robinhood’s GM Of Crypto

Image: Shutterstock

Posted In: $BTC $DOGE $ETH $SHIB $SOL $SPX $XRP $ZEC