{"id":438,"date":"2025-10-01T16:13:39","date_gmt":"2025-10-01T16:13:39","guid":{"rendered":"https:\/\/topfinancialinsights.com\/index.php\/2025\/10\/01\/crypto-market-update-uk-police-seize-us7b-in-bitcoin-in-largest-crypto-bust\/"},"modified":"2025-10-01T16:13:39","modified_gmt":"2025-10-01T16:13:39","slug":"crypto-market-update-uk-police-seize-us7b-in-bitcoin-in-largest-crypto-bust","status":"publish","type":"post","link":"https:\/\/topfinancialinsights.com\/index.php\/2025\/10\/01\/crypto-market-update-uk-police-seize-us7b-in-bitcoin-in-largest-crypto-bust\/","title":{"rendered":"Crypto Market Update: UK Police Seize US$7B in Bitcoin in Largest Crypto Bust"},"content":{"rendered":"<\/p>\n

<\/em>Here’s a quick recap of the crypto landscape for Wednesday (October 1) as of 9:00 a.m. UTC. <\/strong><\/p>\n

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.<\/p>\n<\/p>\n

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Bitcoin and Ether price update <\/h3>\n

Bitcoin (BTC) <\/strong>was priced at US$116,477, trading 3.1 percent higher over the past 24 hours. Its lowest valuation of the day was US$112,819, while its highest was US$116,808.<\/p>\n<\/div>\n

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Bitcoin price performance, October 1, 2025<\/em><\/p>\n

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Chart via TradingView<\/p>\n

Bitcoin has struggled to hold support near the US$111,600\u2013US$113,000 range amid renewed seller pressure and earlier long liquidations during the last days of September. After that weakness, BTC rebounded into the mid-six figures and was trading around US$116,000.<\/p>\n

Bitcoin and other digital assets jumped early Wednesday as markets digested the fallout from the latest US government shutdown. While S&P 500 futures slid 0.55 percent overnight and the dollar briefly tumbled before clawing back losses, Bitcoin rallied more than 2 percent to US$116,400, underscoring its safe-haven appeal alongside gold, which spiked 1.1 percent to US$3,913.70 per ounce.<\/p>\n

Trader Ted Pillows noted that Bitcoin climbed above US$116,500 alongside gold hitting a new all-time high, with the Nasdaq also in the green. He linked the rally to expectations of a more dovish Federal Reserve following the US government shutdown.<\/p>\n

Bitcoin dominance in the crypto market is 55.6 percent, showing a slight rise week-on-week.<\/p>\n

Ether (ETH)<\/strong> is also performing well, up 3.1 percent over 24 hours to US$4,298.07. Ether opened at its lowest daily valuation, US$4,095.64, before peaking at US$4,315.74 so far.<\/p>\n

Trader Ted Pillows argued that ETH must close a strong weekly candle above US$4,000 to confirm upward momentum. He compared the level\u2019s significance to Bitcoin\u2019s US$12,000 resistance in 2020, suggesting that a decisive reclaim could spark a rally reminiscent of BTC’s 2020\u201321 surge.<\/p>\n

Ether has broadly followed BTC\u2019s tone \u2014 after a late-September pullback ETH reclaimed the low-US$4k zone and was trading in the US$4,100\u2013US$4,300 range. Market commentators note ETF flows and institutional treasuries remain drivers of demand for ETH<\/p>\n<\/div>\n

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Crypto derivatives and market indicators <\/h3>\n

Total Bitcoin futures open interest was at 722,680 BTC (equivalent to US$84.26 billion), up by 0.92 percent over four hours. Ether open interest was at 1,326 million ETH, or US$56.96 billion, up 0.26 percent in four hours.<\/p>\n

Bitcoin liquidations have reached US$12.61 million over the past four hours, with shorts representing the majority, signaling ongoing buying pressure. Ether liquidations show a divergent pattern, with US$3.41 million in short positions representing the vast majority of US$4.40 million liquidations over four hours.<\/p>\n<\/div>\n

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Fear and Greed Index snapshot <\/h3>\n

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Chart via <\/em>CoinMarketCap<\/em>.<\/p>\n

CMC’s Crypto Fear & Greed Index has climbed back to neutral territory after dipping to fear (lowest 32) during the last week of September. The index currently stands around 42.<\/p>\n<\/div>\n

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Altcoin price update <\/h3>\n
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  • Solana (SOL)<\/strong> was priced at US$219.33, an increase of 5.9 percent over the last 24 hours and its highest valuation of the day. SOL opened at US$204.69, its lowest valuation of the day, and trended upward. <\/li>\n<\/ul>\n
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    • XRP<\/strong> was trading for US$2.95, up by 3.3 percent over the last 24 hours and its highest valuation of the day. Its lowest valuation of the day was US$2.82.<\/li>\n<\/ul>\n<\/div>\n
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      Today’s crypto news to know <\/h3>\n

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      UK police seize US$7B in Bitcoin in largest crypto bust<\/h4>\n

      The UK Metropolitan Police have confirmed the largest cryptocurrency seizure in history, confiscating 61,000 Bitcoin worth around US$7.2 billion. <\/p>\n

      The stash was uncovered during a 2018 raid on Zhimin Qian, a Chinese national convicted last week of acquiring criminal property under the UK\u2019s Proceeds of Crime Act. Prosecutors said Qian ran a Ponzi-style investment scheme in China from 2014 to 2017, targeting more than 128,000 victims, many of them elderly. <\/p>\n

      She converted the stolen funds into Bitcoin, which authorities later recovered from hardware wallets in her London residence. <\/p>\n

      Police described the seizure as the culmination of a seven-year investigation, noting that the value eclipses previous records for any single Bitcoin confiscation.<\/p>\n

      Trump-linked crypto firm eyes commodities, consumer products<\/h4>\n

      World Liberty Financial, the crypto venture tied to U.S. President Donald Trump, announced plans to expand into tokenized commodities and launch a crypto-linked debit card. <\/p>\n

      Speaking at Token 2049 in Singapore, CEO Zach Witkoff said the card would bridge digital assets with retail spending, with a pilot expected by early 2026. <\/p>\n

      The company is also exploring tokenization of oil, gas, timber, and other raw materials, positioning the firm to move beyond stablecoins and governance tokens. <\/p>\n

      WLFI\u2019s flagship stablecoin, USD1, has quickly grown into the fifth-largest in circulation, backed by US Treasuries and marketed as a tool to reinforce dollar demand abroad. <\/p>\n

      Metaplanet buys US$623M in Bitcoin, now 4th-largest corporate holder<\/h4>\n

      Japanese investment firm Metaplanet has acquired 9,021 Bitcoin valued at US$623 million, becoming the fourth-largest corporate holder of the asset. <\/p>\n

      The company now trails only MicroStrategy, MARA Holdings, and XXI in corporate Bitcoin reserves. <\/p>\n

      CEO Simon Gerovich said Metaplanet is targeting 210,000 BTC by 2027, a level equal to about 1 percent of the total supply. The firm\u2019s Bitcoin Income Generation business has also fueled the push, reporting US$16.3 million in Q3 revenue, a 116 percent increase over the prior quarter. <\/p>\n

      Management raised its 2025 revenue forecast to US$45.4 million following the strong quarter.<\/p>\n

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      Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n

      This post appeared first on investingnews.com<\/div>\n

      <\/p>\n","protected":false},"excerpt":{"rendered":"

      Here’s a quick recap of the crypto landscape for Wednesday (October 1) as of 9:00 a.m. UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news. Bitcoin and Ether price update Bitcoin (BTC) was priced at US$116,477, trading 3.1 percent higher over the past 24 hours.…<\/p>\n","protected":false},"author":1,"featured_media":439,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/topfinancialinsights.com\/index.php\/wp-json\/wp\/v2\/posts\/438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/topfinancialinsights.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/topfinancialinsights.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/topfinancialinsights.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/topfinancialinsights.com\/index.php\/wp-json\/wp\/v2\/comments?post=438"}],"version-history":[{"count":0,"href":"https:\/\/topfinancialinsights.com\/index.php\/wp-json\/wp\/v2\/posts\/438\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/topfinancialinsights.com\/index.php\/wp-json\/wp\/v2\/media\/439"}],"wp:attachment":[{"href":"https:\/\/topfinancialinsights.com\/index.php\/wp-json\/wp\/v2\/media?parent=438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/topfinancialinsights.com\/index.php\/wp-json\/wp\/v2\/categories?post=438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/topfinancialinsights.com\/index.php\/wp-json\/wp\/v2\/tags?post=438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}