Bitcoin dropped in October for the first time since 2018

Bitcoin BTC $107,766.00 Mezo Wrapped BTC -2.29% Market capitalization $56.82 million VOL. 24 hours $1.8 billion ended October 2025 with a 3.7% decline, the first time the asset has dropped this month since 2018. According to CoinGlass, Ethereum showed similar dynamics, falling by 7%. This result interrupted the traditionally positive «Uptober» trend, when the cryptocurrency market usually showed growth in the fall.

The main factor behind the decline was macroeconomic events. on October 10−11, bitcoin plummeted after US President Donald Trump announced his intention to impose a 100% duty on imports from China. After a brief recovery caused by Trump’s meeting with Xi Jinping, the rate dropped again due to the hawkish rhetoric of Federal Reserve Chairman Jerome Powell, who hinted that the regulator might not cut the rate in December.

By the end of October, Bitcoin’s fluctuations stabilized, and it moved sideways. As a result, the asset ended the month in the red for only the third time in its history in October (the previous cases were in 2014 and 2018).

Ethereum experienced an even deeper drop. This is the second consecutive negative month for the second largest cryptocurrency by capitalization. In October, ETH again failed to recover to the $ 4,500 level it held before the mid-month crash.

Thus, both leading digital assets ended October in the red, which contrasts with the typical seasonal upward trend. Analysts point out that further market movements will depend on the decisions of the US Federal Reserve and Washington’s trade policy towards China.