Here’s a quick recap of the crypto landscape for Wednesday (October 1) as of 9:00 a.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin and Ether price update
Bitcoin (BTC) was priced at US$116,477, trading 3.1 percent higher over the past 24 hours. Its lowest valuation of the day was US$112,819, while its highest was US$116,808.
Bitcoin price performance, October 1, 2025.
Chart via TradingView.
Bitcoin has struggled to hold support near the US$111,600 to US$113,000 range amid renewed seller pressure and earlier long liquidations during the last days of September.
After that weakness, Bitcoin rebounded into the mid-six figures and was trading around US$116,000.
Bitcoin and other digital assets jumped early on Wednesday as markets digested the fallout from the US government shutdown. While S&P 500 (INDEXSP:.INX) futures slid 0.55 percent overnight and the US dollar briefly tumbled before clawing back losses, Bitcoin rallied more than 2 percent to reach US$116,400, underscoring its safe-haven appeal alongside gold, which spiked 1.1 percent to US$3,913.70 per ounce.
Trader Ted Pillows noted that Bitcoin climbed above US$116,500 as gold hit a new all-time high. He linked the rally to expectations of a more dovish Federal Reserve following the US government shutdown.
Bitcoin dominance in the crypto market is 55.6 percent, showing a slight rise week-on-week.
Ether (ETH) is also performing well, up 3.1 percent over 24 hours to US$4,298.07. Ether opened at its lowest daily valuation, US$4,095.64, before peaking at US$4,315.74 so far.
Pillows argues that Ether must close a strong weekly candle above US$4,000 to confirm upward momentum. He compared the level’s significance to Bitcoin’s US$12,000 resistance in 2020, suggesting that a decisive reclaim could spark a rally reminiscent of Bitcoin’s 2020 to 2021 surge.
Ether has broadly followed Bitcoin’s tone — after a late-September pullback Ether reclaimed the low-US$4k zone and was trading in the US$4,100–US$4,300 range. Market commentators note ETF flows and institutional treasuries remain drivers of demand for Ether.
Crypto derivatives and market indicators
Total Bitcoin futures open interest was at 722,680 BTC (equivalent to US$84.26 billion), up by 0.92 percent over four hours. Ether open interest was at 1,326 million ETH, or US$56.96 billion, up 0.26 percent in four hours.
Bitcoin liquidations have reached US$12.61 million over the past four hours, with shorts representing the majority, signaling ongoing buying pressure. Ether liquidations show a divergent pattern, with US$3.41 million in short positions representing the vast majority of US$4.40 million liquidations over four hours.
Fear and Greed Index snapshot
CMC’s Crypto Fear & Greed Index has climbed back to neutral territory after dipping to fear (lowest 32) during the last week of September. The index currently stands around 42.
CMC Crypto Fear and Greed Index, Bitcoin price and Bitcoin volume.
Chart via CoinMarketCap.
Altcoin price update
- Solana (SOL) was priced at US$219.33, an increase of 5.9 percent over the last 24 hours and its highest valuation of the day. SOL opened at US$204.69, its lowest valuation of the day, and trended upward.
- XRP was trading for US$2.95, up by 3.3 percent over the last 24 hours and its highest valuation of the day. Its lowest valuation of the day was US$2.82.
Today’s crypto news to know
UK police seize US$7 billion in Bitcoin in largest crypto bust
The UK Metropolitan Police have confirmed the largest cryptocurrency seizure in history, confiscating 61,000 Bitcoin worth around US$7.2 billion. The stash was uncovered during a 2018 raid on Zhimin Qian, a Chinese national convicted last week of acquiring criminal property under the UK’s Proceeds of Crime Act.
Prosecutors said Qian ran a Ponzi-style investment scheme in China from 2014 to 2017, targeting more than 128,000 victims, many of them elderly. She converted the stolen funds into Bitcoin, which authorities later recovered from hardware wallets in her London residence. Police described the seizure as the culmination of a seven year investigation, noting that the value eclipses previous records for any single Bitcoin confiscation.
Trump-linked crypto firm eyes commodities, consumer products
World Liberty Financial, the crypto venture tied to US President Donald Trump, has announced plans to expand into tokenized commodities and launch a crypto-linked debit card.
Speaking at Token 2049 in Singapore, CEO Zach Witkoff said the card will bridge digital assets with retail spending, with a pilot expected by early 2026. The company is also exploring tokenization of oil, gas, timber and other raw materials, positioning the firm to move beyond stablecoins and governance tokens.
World Liberty’s flagship stablecoin, USD1, has quickly grown into the fifth largest in circulation, backed by US treasuries and marketed as a tool to reinforce dollar demand abroad.
Metaplanet becomes fourth largest corporate Bitcoin holder
Japanese investment firm Metaplanet (TSE:3350,OTCQX:MTPLF) has acquired 9,021 BTC valued at US$623 million, becoming the fourth largest corporate holder of the asset. The company now trails only Strategy (NASDAQ:MSTR), MARA Holdings (NASDAQ:MARA) and XXI in corporate Bitcoin reserves.
CEO Simon Gerovich said Metaplanet is targeting 210,000 BTC by 2027, a level equal to about 1 percent of total supply. The firm reported US$16.3 million in Q3 revenue, a 116 percent increase over the prior quarter. Management has raised its 2025 revenue forecast to US$45.4 million following the strong quarter.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
