$SOL, $DOGE, and $ADA Lead Market Rally Past $117K $BTC


Three major #altcoins outperformed the broader cryptocurrency market Wednesday, with $SOL gaining 6.3% to $220, $DOGE climbing 7.7% to $0.245, and $ADA advancing 6.6% to $0.84. The overall crypto market capitalization increased 3.3% during the same period.


Congress failed to pass a continuing resolution Tuesday night, resulting in the first government shutdown since 2018. Despite analyst warnings about potential #volatility from delayed economic reports, crypto markets demonstrated resilience.


Bitunix analysts noted that prolonged #shutdowns could delay data releases and suppress economic activity, potentially strengthening expectations for looser monetary policy. Safe-haven demand provides short-term support for the dollar and Treasuries, though outcomes depend on Federal Reserve actions.


The Federal Open Markets Committee will convene in late October to determine interest rate adjustments. Lower rates typically benefit risk-on assets including equities and cryptocurrencies. Prediction market platform Myriad shows 74% of users expect a 25-basis point cut at the next FOMC meeting.


$BTC surpassed $117,000 for the first time in two weeks, gaining nearly 4% from the previous day. $ETH similarly advanced 5% over 24 hours, crossing the $4,300 threshold.

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October 01, 2025 at 7:09 PM
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