Why Is Crypto Up Today? – October 2, 2025

Market Overview - The cryptocurrency market capitalization has increased by 4.2%, reaching $4.17 trillion, with 98 of the top 100 coins appreciating in value over the past 24 hours [1][2] - Total crypto trading volume is reported at $215 billion, indicating a rise compared to recent levels [1] Performance of Major Cryptocurrencies - Bitcoin (BTC) has risen by 4% to a price of $118,682, while Ethereum (ETH) has increased by 7% to $4,399 [2] - Dogecoin (DOGE) is the top performer among the top 10 coins, appreciating by 9.7% to $0.2563 [3] - Overall, all top 10 coins by market capitalization have shown positive performance in the last 24 hours [3] Notable Winners and Losers - Among the top 100 coins, Zcash (ZEC) has experienced a significant increase of 74.2%, now priced at $147 [4] - Provenance Blockchain (HASH) has also seen a rise of 14.4% to $0.03926 [4] - Only two coins, MemeCore (M) and Figure Heloc (FIGR_HELOC), have recorded declines of 10.7% and 2.5%, respectively [4] Market Sentiment and Dynamics - Market sentiment has shifted into a neutral zone, with indications of healthier demand-side conditions as ETF inflows have resumed [2][5] - The options market and volatility signals suggest a resetting of the market into a more neutral and constructive backdrop, awaiting a decisive move [5] External Influences - The ongoing US government shutdown is viewed as a short-term political risk that amplifies market volatility, while not altering the medium-term easing trend [6] - The market is currently navigating between expectations of rate cuts and concerns over growth, leading to cautious investor sentiment [6]