The ‘Uptober’ That Wasn’t: Bitcoin Ends Seven‑Year Winning Streak

CN
15 hours ago

While investors and bitcoin holders alike were excited, expecting a parabolic rise in bitcoin prices, 2025 finished a seven-year streak of bitcoin rising during October, a trend identified by the ‘Uptober’ moniker, by sinking nearly 5%.

Bitcoin did manage to reach record numbers in the month, reaching as high as $126K on some exchanges. Nonetheless, different economic and trade events involving the U.S. and China caused one of the largest liquidations in the cryptocurrency market’s story.

The trade impasse, that took the Trump Administration to propose 100% tariffs on Chinese imports because of an increased control on rare earth exports from the Asian country, was the catalyst for this fall, which led to over a billion lost in liquidations.

While the crypto market sought to recover since that day, and the China-U.S. trade conflict seems to be solved at last, other headwinds have appeared. Recent comments by Federal Reserve Chairman Jerome Powell telling that additional rate cuts were not a “foregone conclusion” have also affected bitcoin’s performance.

The negative performance of bitcoin and the wider crypto market during a period that has traditionally been positive might be indicative of a change in market dynamics.

Nonetheless, analysts assess that the reasons behind bitcoin’s mainstream rise are as valid as ever, with the global money supply skyrocketing and institutional and retail adoption still growing.

While ‘Uptober’ proved challenging for bitcoin, November has also traditionally performed well for the currency, with significant returns in the double digits. It remains to be seen if ‘Moonvember’ delivers what ‘Uptober’ couldn’t, or if the market slumps deeper because of external factors.

  • What significant trend did bitcoin break in October 2025?
    October 2025 marked the end of a seven-year “Uptober” streak, with bitcoin prices dropping nearly 5% despite reaching record highs of $126,000 at some exchanges.
  • What events contributed to bitcoin’s price decline?
    A trade impasse between the U.S. and China, including proposed 100% tariffs on Chinese imports, triggered one of the largest liquidation events in cryptocurrency history.
  • How did Federal Reserve comments impact bitcoin’s performance?
    Chairman Jerome Powell’s remarks that further rate cuts were not guaranteed added to the negative sentiment around bitcoin and the broader crypto market.
  • What are the prospects for bitcoin in November?
    Despite October’s challenges, analysts suggest that November could potentially deliver stronger performance for bitcoin, as it has historically shown significant returns during this month.

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