출처: Block Media
Bitcoin Nears $120K Amid Broad Cryptocurrency Market Gains and U.S. Shutdown
The cryptocurrency market experienced significant upward momentum on October 2, 2025, as Bitcoin (BTC) approached the $120,000 benchmark once again. Despite the ongoing U.S. federal government shutdown, now in its second day, investor optimism for risk assets soared. Record-breaking gains across major U.S. stock indices appear to have bolstered sentiment in the digital asset sector, resulting in widespread growth.
Stock Market Gains Propel Crypto Sentiment Despite Economic Uncertainty
Major U.S. equity indices surged to all-time highs, underpinned by a resilient market outlook. The Dow Jones Industrial Average climbed 0.17% to 46,519.72, the S&P 500 rose 0.06% to 6,715.35, and the Nasdaq jumped 0.39% to close at 22,844.05. Historical patterns suggesting muted economic fallout from previous shutdowns and expectations of continued Federal Reserve policy pauses contributed to investor confidence. This optimistic climate extended into the cryptocurrency market as investors pursued higher-risk assets as potential havens.
Bitcoin Surpasses $120K; Solana and Dogecoin Among Altcoin Leaders
Bitcoin ended the trading session at $120,719, marking a 2.67% gain from the previous day and reestablishing its hold above the psychological $120,000 level. The cryptocurrency resumed its upward trend after a brief consolidation period following last week’s sharp rally. Ethereum (ETH) also exhibited strength, advancing 3.87% to trade at $4,496, while Solana (SOL) emerged as the standout altcoin, surging 6.53% to $233.39.
Other altcoins followed suit, including Dogecoin (DOGE) with a 6.02% increase, Cardano (ADA) with a rise of 3.34%, and XRP climbing 4.01%. However, Tron (TRX) demonstrated a more restrained recovery, gaining just 0.41% amidst otherwise robust performances across the market.
Top Digital Assets by Market Cap: Price Movements as of October 2, 2025
| Rank | Asset Name | Current Price (USD) | 24-Hour Change | 7-Day Change |
|---|---|---|---|---|
| 1 | Bitcoin (BTC) | 120,719.42 | +2.67% | +10.12% |
| 2 | Ethereum (ETH) | 4,496.97 | +3.87% | +14.86% |
| 3 | XRP | 3.06 | +4.01% | +10.88% |
| 5 | Binance Coin (BNB) | 1,085.59 | +6.21% | +13.39% |
| 6 | Solana (SOL) | 233.39 | +6.53% | +18.46% |
| 8 | Dogecoin (DOGE) | 0.2616 | +6.02% | +15.86% |
| 9 | Tron (TRX) | 0.3429 | +0.41% | +2.71% |
| 10 | Cardano (ADA) | 0.8724 | +3.34% | +13.39% |
Source: CoinMarketCap Data, October 2, 2025, 5 p.m. ET
CME Bitcoin Futures Rally, Options Volume Dips
Institutional sentiment in the derivatives market echoed the broader bullish outlook. The Chicago Mercantile Exchange’s (CME) October Bitcoin futures climbed 2.77% to close at $121,730, with intraday price movement spanning $118,425 to $122,040. The futures contract gains mirrored Bitcoin’s spot price movement, emphasizing sustained investor enthusiasm.
However, cryptocurrency options trading volumes experienced a gradual decline. Following a peak on September 25, activity tapered off, with overall monthly volume falling to approximately 12,000 contracts. CME analysts suggest that institutional traders increasingly favor futures due to their simplicity and effectiveness as hedging tools.
Futures Market Leaders Signal Institutional Optimism
In the crypto futures landscape, Binance led 24-hour trading volume with $21.81 billion, followed by Gate.io at $12.22 billion, Bybit at $11.81 billion, and Bitget at $10.54 billion. Binance recorded open interest exceeding $14 billion, revealing heightened adoption of long positions—a signal of confidence in continued market growth.
These trends align with broader market optimism, evidenced by strength in Bitcoin’s spot price and CME futures. The data underscores a bullish outlook among institutional market participants and complements the improved sentiment across retail investors.
Fear & Greed Index Points to Market Confidence
The Alternative Fear & Greed Index climbed to 64 ("Greed"), indicating growing investor optimism. The index, which operates on a scale of 0 to 100, suggests heightened buying activity and reduced selling pressure as it moves closer to the “Greed” territory. This shift reflects an improved appetite for risk amid expectations of minimal economic damage from the federal shutdown and extended Federal Reserve rate pauses.
The alignment of strong stock market performance, surging cryptocurrency prices, and improved sentiment metrics paints a picture of growing confidence in risk assets. Investors seem poised to capitalize on favorable macroeconomic conditions, underscoring the interconnected dynamics of the digital and traditional financial markets.
Conclusion: Key Drivers of Crypto Market Momentum
The cryptocurrency market’s strong October 2 performance highlights several converging factors. Investments in risk assets surged following equity market records despite ongoing U.S. government uncertainty. Bitcoin's resurgence beyond $120,000, coupled with stellar altcoin performances and bullish institutional sentiment in the futures market, reinforces growing confidence among investors.
Furthermore, the optimistic trend illustrated by the Fear & Greed Index underscores the market’s resilience and potential for further upside. As macroeconomic conditions remain favorable and institutional participation deepens, the cryptocurrency market appears well-positioned to sustain its momentum while navigating broader financial landscapes.
