Investors are scared as the world’s largest digital currency, Bitcoin, suffered losses in October for the first time in seven years.
This is the first time since 2018 that October, usually considered a “lucky month” for Bitcoin, has turned negative. According to experts, the price of Bitcoin has fallen by about 5 percent this month. Uncertainty in global markets and risk aversion by investors in recent weeks have also affected the cryptocurrency market.
“The crypto market was going up with gold and stocks at the beginning of October, but as uncertainty increased, people did not return to Bitcoin again.” The Bitcoin market suffered a major setback in mid-October when US President Donald Trump threatened to impose a 100% tax on imports from China and export restrictions on sensitive software. The announcement was followed by the largest crypto market liquidation (sale) in history.
The price of Bitcoin fell sharply between October 10 and 11 to $104,782, while it had touched a high of $126,000 a few days earlier. According to Adam McCarthy, “The October 10 crash is a reminder to investors that this market is very limited. Even big coins like Bitcoin and Ethereum can fall 10% in 15 to 20 minutes.” Investors are still uncertain at the end of October as the US Federal Reserve has signalled that it will not cut interest rates further this year, while key economic data is unavailable due to the partial shutdown of the US government. On the other hand, JPMorgan CEO Jamie Dimon has also warned that the US stock market could see a major decline or contraction in the next six months to two years.
According to Jack Ostrovsky, head of trading firm Wintermute, “Investors are still cautious after the record-breaking sell-off in October. They are considering possible weaknesses in the system that have not yet been resolved.” Although Bitcoin suffered a decline in October, the currency as a whole is up 16% since the start of 2025.
Experts say President Trump’s soft policies on cryptocurrencies, such as ending lawsuits against major crypto companies and special regulations for financial institutions, have provided an overall positive environment for digital currencies this year. However, October’s volatility shows that the crypto market is still at the mercy of uncertain political and economic decisions.
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