Bitcoin News Today: Bitcoin's 7-Year Uptober Streak Ends as Macro Worries and Trade Tensions Weigh

Bitcoin Ends October in the Red, Breaking 7-Year "Uptober" Streak

Bitcoin (BTC) closed October 2025 with a 5.5% decline, marking the first negative October for the cryptocurrency since 2018 and ending a seven-year streak of gains dubbed "Uptober," according to a crypto.news report. The drop followed heightened macroeconomic uncertainty, ETF outflows, and geopolitical tensions, particularly U.S.-China trade dynamics. On October 31, BTC traded at $110,155, down from $122,870 at the start of the month, the report said. The selloff accelerated after a Satoshi-era wallet holding $16 million worth of BTC activated in late October, signaling potential profit-taking, the report added.

Experts attributed the decline to a combination of factors. Vugar Usi Zade, COO at Bitget, highlighted over $550 million in ETF outflows for Bitcoin and Ethereum in late October, driven by uncertainty around Federal Reserve policy and inflation data, citing the earlier report. Meanwhile, analysts at TeraHash noted that Bitcoin's prolonged rally has led to "structural maturity," with price momentum slowing as the asset attracts more institutional capital. "Comparing October 2023 to March 2024 with the recent rally shows a weaker trend, suggesting market dynamics are evolving," they said.

The U.S.-China trade relationship also played a pivotal role. President Donald Trump's October 10 threat to impose 100% tariffs on Chinese imports triggered a record $19 billion liquidation event in crypto markets, sending Bitcoin to a low of $104,000 by October 17, according to a Cointelegraph report. However, optimism resurfaced after preliminary trade deal signals emerged ahead of Trump's meeting with Chinese President Xi Jinping. Deribit, a crypto derivatives exchange, noted that protective put options bias had weakened, and Bitcoin rebounded to $114,000 as of October 31, according to a Yahoo Finance report.

The trade tensions eased further after Trump announced a scaled-back tariff of 47% on Chinese imports following the Xi meeting, according to a Sentinel Assam report. This development, coupled with a 25-basis-point Federal Reserve rate cut, boosted risk assets. Markets now price in a 96.7% chance of additional easing, according to the CME Group's FedWatch tool, per a Coinotag article. Despite the rebound, Bitcoin remains 13% below its October 6 all-time high of $126,198, the crypto.news report noted.

Analysts are divided on November's prospects. According to a LiveBitcoinNews report, historical data shows November has been Bitcoin's strongest month, averaging 46% returns since 2013. However, some caution that a weak October may limit gains, with three-month returns averaging 11% post-weak October versus 21% after strong ones, the report added. Timothy Peterson, a financial analyst, emphasized no direct correlation between October performance and subsequent months but noted slower momentum after weak October rallies.

The red October also signals maturing market dynamics. TeraHash analysts said Bitcoin's slower price acceleration could act as a buffer against sharp downturns, echoing earlier commentary. Meanwhile, institutional activity, including JPMorgan's plans to allow Bitcoin-backed loans, suggests long-term support, the Coinotag article indicated.

As November unfolds, traders will monitor the Fed's policy trajectory, U.S.-China trade developments, and ETF inflows. For now, Bitcoin's performance underscores the cryptocurrency's growing sensitivity to macroeconomic shifts-a hallmark of its evolution into a mainstream asset class.