Crypto wrap: BTC tops $118K, Zcash hits 4-year high amid $4.08T market surge

The cryptocurrency market is showing robust gains on October 2, 2025, with Bitcoin surpassing $118,000, Litecoin surging to $122, and Zcash climbing to a four-year high above $152. Overall, the total market capitalization swelled by 2% to $4.08 trillion, driven by a bounce for cryptocurrencies amid the US government shutdown, increased institutional inflows and optimism surrounding regulatory clarity. However, as the Fear & Greed index jumped to 51, and trading volumes spiked to $195 billion, many of the altcoins are trending in the overbought territory. Bitcoin price: bulls target $120,000 after breaking $118k Bitcoin rose sharply on Wednesday, eclipsing the $118,000 threshold for the first time in weeks as a rally for safe-haven assets bolstered BTC. Macroeconomic tailwinds and the reaction to the US government shutdown, as the dollar index collapsed, buoyed the flagship cryptocurrency. Prices have settled above $118k in the past 24 hours, with Bitcoin poised at $118,845 at the time of writing. The uptick stood at 2% in intraday advances and 6% over the past week. Sentiment around the Federal Reserve’s rate cut and growing corporate adoption, with firms like Metaplanet aggressively buying, is helping bulls. Analysts now eye the $120,000 mark as the next psychological barrier, potentially a threshold that bulls need to conquer before setting a new all-time high. CryptoQuant.com @cryptoquant_com · Follow Bitcoin Funding Rates on Binance Indicate a Potential Rally“Overall, the setup remains bullish, negative funding suggests accumulation opportunities while strong spot demand underpins the rally’s sustainability.” – By @PelinayPA Link ⤵️ cryptoquant.com/insights/quick… 12:54 pm · 2 Oct 2025 30 Reply Copy link Read more on Twitter Litecoin, Zcash outpace peers in altcoin rally As Bitcoin surged and amid the broader upswing, Litecoin and Zcash emerged as standout performers in the past 24 hours. LTC and ZEC have both outstripped top altcoins, with double-digit percentage climbs that had Litecoin at highs of $122 and ZEC retesting a four-year resistance level above $152. ETF speculation and treasury strategy bets helped Litecoin higher, while Zcash, renowned for its zero-knowledge proof privacy network, rose amid fresh shielded ZEC traction. Grayscale’s launching of a Zcash Trust has aided bulls, with ZEC price jumping by more than 58% in 24 hours. Both LTC and ZEC will target the $200 level as psychological boost zones. Ethereum, Solana, XRP see gains above key levels Ethereum climbed 2% to above $4,390, and XRP hovered near the $3.00 threshold amid a slight uptick. Meanwhile, Solana followed suit with a 3% rise to above $222, vaulting past the psychological $200 support level once again. The three top 10 altcoins will now target new momentum if cryptocurrencies extend gains. However, bears are likely to hinder bulls amid potential profit-taking across the market. Other top crypto performers today: DeXe, Cronos, Monero, Aptos Beyond the headliners of Bitcoin, Zcash, and others, there’s a range of top altcoins that have also posted decent gains in the past 24 hours. DeXe, Cronos, Monero, and Aptos are all among the top gainers in the 100 leading cryptocurrencies by market cap, with respective upticks of 28% for DEXE, 13% for Cronos, 10% for XMR, and 9.7% for APT. The opposite end has MemeCore, MYX Finance and, Pi Network as top underperformers on the day. The post Crypto wrap: BTC tops $118K, Zcash hits 4-year high amid $4.08T market surge appeared first on Invezz