In October 2025, Bitcoin experienced its worst October return in over a decade, as macroeconomic factors and central bank policy shifts thwarted the expected ‘Uptober’ rally.
The downturn underscores the vulnerability of Bitcoin and other major cryptocurrencies to broader economic conditions, influencing market sentiment and investor confidence.
Bitcoin’s recent performance in October has marked a significant downturn, placing it in the spotlight as the worst return for the month over the past decade. The downturn has raised concerns about the influence of macroeconomic changes and regulatory elements affecting the cryptocurrency’s value.
This October has diverged from the usual hopeful ‘Uptober’ narrative due to Bitcoin experiencing a marked decline, attributed largely to macroeconomic challenges and a notable shift in the stance of central banks and financial policies.
October 2025: Bitcoin’s Greatest Fall in a Decade
In October 2025, the anticipated ‘Uptober’ rally failed to occur, marking the worst October return for Bitcoin in a decade. Bitcoin’s decline was driven by macroeconomic factors and changes in central bank policies.
Key figures involved included Federal Reserve Chairman Jerome Powell, impacting market sentiment. While Presidents Donald Trump and Xi Jinping engaged in talks, they did not directly address Bitcoin or crypto assets during this period.
Bitcoin’s 7% Plunge Affects Major Cryptos
Bitcoin fell below $108,000, with a 7% decline over three days, affecting major cryptocurrencies like ETH, XRP, SOL, and DOGE. This downturn mirrored declines in crypto-related equities like Coinbase and MicroStrategy.
Insights from on-chain data reveal forced selling and liquidations reduced liquidity, dampening bullish momentum. Historically, October was a strong month for returns, yet this year’s performance was the weakest since 2015.
Expert Insight: Macro and Federal Reserve Influence
Bitcoin’s October performance was typically strong, averaging over 25%, but 2025 marked a shift. Other coins also impacted include ETH and XRP, with correlation to macroeconomic factors.
Experts suggest the macro environment influenced the downturn, with Federal Reserve policies contributing significantly. Historical data shows similar patterns occur due to fiscal policy shifts. Jerome Powell, Chairman of the Federal Reserve, remarked, “Further rate cuts are far from assured; our policy remains data dependent and focused on inflation targets.”
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