Bitcoin News Update: Bitcoin’s Seven-Year Winning Run in October Ends Due to Tariff Concerns and Federal Reserve Uncertainty

Bitcoin's tradition of posting gains every October, often referred to as "Uptober," came to an end in 2025 as the cryptocurrency slid nearly 10% over the month. This marked its first October loss since 2018, according to a

. After reaching a record high of $126,300 at the start of October, retreated to about $110,000 by the month's close. The decline was attributed to investors locking in profits, a cautious market environment, and broader economic changes, including signals from the U.S. Federal Reserve. The downturn intensified following a $19 billion liquidation event, which was sparked by U.S. President Donald Trump's announcement of a 100% tariff on Chinese imports, escalating trade tensions and unsettling risk assets, as highlighted by .

This drop has fueled discussions about Bitcoin's short-term direction. Experts point out that the $88,000 mark—which reflects the average entry price for active investors—may serve as a crucial support level if the downward momentum continues, according to a

. On the other hand, if Bitcoin manages to close above $113,000 for an extended period, it could negate the bearish scenario and pave the way for a rebound. Despite the recent slide, Bitcoin is still up more than 16% since the start of the year, and many analysts consider the pullback a "healthy correction" amid ongoing macroeconomic uncertainty, as previously noted by Coinpedia.

The trade agreement between the U.S. and China announced on October 30, which lowered tariffs on Chinese products from 57% to 47%, initially improved risk appetite. Bitcoin bounced back to $110,000 in early November as the easing of trade tensions helped stabilize the market, according to

. However, the Federal Reserve's cautious approach to further rate cuts continues to weigh on sentiment. Fed Chair Jerome Powell suggested that the 25-basis-point cut in October could be the last for 2025, citing persistent inflation and delays in key economic data due to a potential government shutdown, as reported by . This ongoing uncertainty has kept institutional investors wary, with nearly $800 million withdrawn from Bitcoin and ETFs last week, as highlighted in the Coinpedia article.

Market watchers are now focused on whether November could bring a "Santa Rally," a typical year-end surge driven by increased liquidity and optimism over rate cuts. Some analysts believe Bitcoin could climb above $160,000 if ETF inflows pick up and geopolitical risks subside, as discussed in The Economic Times. Still, the recovery faces hurdles: Bitcoin needs to remain above $113,000 to prevent further losses, while a drop below $100,000 could lead to widespread selling among short-term investors, according to Coinpedia's analysis.

The broader crypto market outlook remains uncertain due to October's weak performance and continued institutional selling. The total value of the crypto market fell to $3.76 trillion by late October, with Ethereum slipping 3.5% to $3,750, according to a report from

. Nevertheless, long-term investors remain optimistic, as large holders continue to accumulate Bitcoin, signaling confidence in its future growth, according to a article.

As the year winds down, Bitcoin's outlook will depend on greater clarity around macroeconomic policy and global stability. With the Federal Reserve expected to end quantitative tightening by December 1 and a possible rate cut still in play, improved liquidity could fuel a rally before year-end. For now, traders are advised to keep an eye on the $113,000 resistance and $100,000 support thresholds, as a breakout or breakdown at these levels could determine Bitcoin's next significant move, according to Coinpedia's analysis.