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With official U.S. data still suspended amid the ongoing government shutdown, investors relied on sentiment surveys and central bank signals to gauge direction. Despite the uncertainty, crypto markets steadied, supported by firm ETF inflows and renewed institutional participation.
A 100% U.S. tariff threat on Chinese imports triggered cascading sell-offs across overleveraged crypto markets, wiping out more than US$19B in positions during the largest liquidation in history.
Steady ETF inflows helped Bitcoin and Ethereum maintain momentum near record levels. Broader digital asset markets showed resilience as growth cooled but risk appetite held firm.
Fresh record highs in crypto came amid thin weekend liquidity and U.S. data gaps. Renewed speculation around Fed easing and steady ETF inflows continued to support sentiment.
October is once again proving bullish, with the asset trading above US$118,000 and momentum building. Post-halving dynamics, strong ETF inflows, and fresh liquidity signal further upside, with analysts forecasting potential highs of US$150K–US$200K before year-end.
The U.S. government shutdown added a new layer of uncertainty to markets, driving cautious risk sentiment. Crypto has embraced Uptober, with Bitcoin rebounding above US$119K and Ethereum advancing, while ETF inflows highlighted ongoing institutional demand despite recent volatility.