The cryptocurrency market has turned decisively green as October trading begins, with gains across the board despite political turmoil in Washington.
The U.S. government shutdown has created fresh uncertainty in traditional markets, but digital assets appear to be thriving under the pressure, attracting inflows as investors look for alternative hedges.
Bitcoin has led the charge, climbing to around $118,900 and adding more than 6% in the past week. The rally comes as traders point to renewed optimism in the final quarter of the year, with historical patterns often favoring strong BTC performance between October and December.
Market momentum is further supported by speculation that institutional demand will strengthen if political gridlock continues.
Ethereum is also riding the wave, breaking above $4,390 with weekly gains above 9%. Analysts note that ETH’s resilience suggests growing confidence in the broader smart contract ecosystem, even as developers and investors anticipate new adoption narratives in decentralized finance and tokenized assets.
Altcoins have joined the rally in force. Solana, one of the standout performers, has surged past $225, notching an impressive 11% gain this week as activity on its network remains strong. Cardano has followed suit, climbing nearly 9% to trade around $0.86, regaining momentum after a choppy September.
XRP, meanwhile, is holding steady just below the $3 mark, recovering more than 5% over the week and maintaining strong trading interest as investors look for signs of a potential breakout.
With green candles dominating the charts, sentiment in the crypto sector has flipped bullish at a time when traditional markets are clouded by political risk. Traders are now watching to see if the current momentum can carry into mid-October, setting the tone for what could be another strong quarter for digital assets.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
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