PDAXScope: Bitcoin tops $120K, alts rally, ETF risks

Bitcoin Soars Above $120K as U.S. Government Shutdown Continues (Decrypt)

Bitcoin broke above $120,000 as the U.S. government shutdown entered its second day and investors poured money back into BTC ETFs, as reported by Decrypt. Optimism about upcoming Fed rate cuts and the start of “Uptober” reportedly fueled market momentum.

Why did the crypto market pump today? Everything that helped the leg-up (CryptoSlate)

Many tokens jumped today as reported by CryptoSlate, including Bitcoin, Ethereum, XRP, Solana, and Dogecoin, driven by whales, ETF optimism, and macro tailwinds in the crypto market.

What the Government Shutdown Means for Pending Crypto ETFs (Decrypt)

A U.S. government shutdown could slow down crypto regulations and delay decisions on key crypto products like spot ETFs, because agencies like the SEC may run on limited staff, as reported by Decrypt. Interestingly, the impact may not be catastrophic, but it could stall progress in Washington for crypto initiatives.

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