Crypto Market Defies US Shutdown: SOL, DOGE, and ADA Surge Over 7% as Bitcoin Reclaims $117K
While political uncertainty looms with the US government shutdown, the crypto market is staging an impressive recovery. Discover how Solana, Dogecoin, and Cardano are leading this remarkable rally with gains exceeding 7%.
Crypto Market Revival: SOL, DOGE, and ADA Leading the Charge
Despite the US government shutdown that began on October 1, 2025, the cryptocurrency market appears to be brushing aside political uncertainty with an impressive recovery. Bitcoin has reclaimed the $117,000 mark, while major altcoins like Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) have recorded substantial gains in just a matter of hours.
SOL, DOGE, and ADA Outperform with 7%+ Gains
According to CoinGecko data, the total cryptocurrency market capitalization has increased by more than 4% in 24 hours, reaching $4.12 trillion. However, it's Solana, Dogecoin, and Cardano that have truly stolen the spotlight among the major cryptocurrencies.
These three digital assets have each surpassed 7% in gains over the past 24 hours:
- Solana (SOL) has climbed by 7.2% since yesterday, pushing back above the $220 mark.
- The popular memecoin Dogecoin (DOGE) has jumped 7.7% over 24 hours, settling around $0.245.
- Cardano (ADA) has posted the strongest performance among the top 10 cryptocurrencies (excluding stablecoins) with an impressive 7.8% gain, trading above $0.84.
This resurgence highlights the market's resilience in the face of macroeconomic challenges, with investors seemingly refocusing on cryptocurrency fundamentals and potential catalysts rather than political developments.
Bitcoin and Ethereum Join the Recovery
The king of cryptocurrencies, Bitcoin, has also made significant strides by surpassing $117,000 for the first time in nearly two weeks, recording an increase of approximately 3.7% over one day. At the time of writing, BTC is hovering near $117,400, showing strong momentum.
Ethereum, often considered the prince of altcoins, has also demonstrated impressive recovery by breaking through the $4,300 barrier. ETH has registered a gain of 5.1% over the past 24 hours, further confirming the broad-based nature of this market revival.
Potential Catalysts Behind the Rally
The growing prospect of new spot crypto ETF approvals in the United States may be playing a significant role in this market resurgence. Solana is clearly among the favorites to see a SOL exchange-traded fund as early as this October, alongside XRP, Dogecoin, and Litecoin (LTC).
These potential ETF approvals represent a major institutional validation for cryptocurrencies beyond Bitcoin and Ethereum, which could significantly expand market accessibility and investor interest. The market appears to be pricing in this positive regulatory development, especially for assets like Solana that are considered prime candidates for ETF approval.
Market Outlook: Bull Run Resuming?
The question on everyone's mind is whether this recovery signals the return of the bull market that characterized much of early 2025. With Bitcoin maintaining strength above $117,000 and leading altcoins posting significant gains, market sentiment appears to be shifting back toward optimism.
The current recovery is particularly notable for being broad-based rather than isolated to just Bitcoin or a few select assets. When multiple cryptocurrencies across different sectors (smart contract platforms, memecoins, and infrastructure projects) all move upward simultaneously, it often indicates renewed confidence in the overall crypto ecosystem.
As October progresses, all eyes will be on regulatory developments, particularly regarding potential ETF approvals, which could provide additional fuel for this nascent rally and potentially trigger a more sustained market uptrend.