November 1, 2025 | 07:44Bitcoin defied its historical ‘Uptober’ trend by closing the month with significant losses, marking its worst October performance in seven years and creating a 13% gap from its all-time high. Despite the downturn, the cryptocurrency maintains impressive year-to-date gains of 55%, while market analysts remain cautiously optimistic about a potential Q4 recovery despite October’s challenges including the largest liquidation event in cryptocurrency history.
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Bitcoin Hits $117K as US Shutdown Fuels Crypto Rally
Bitcoin surged past $117,000, sparking a broad cryptocurrency market recovery as political uncertainty from the US government shutdown drove investors toward digital assets. Major altcoins including Ethereum and Solana joined the rally with average gains of 3%, potentially signaling the start of a new altcoin season. The timing coincides with Bitcoin’s historically strong October performance and bullish Q4 seasonal patterns.
read moreCrypto Market Faces Sell-Off Risk Amid Lack of Policy Announcements
Crypto momentum has slowed amid a lack of pro-crypto policy announcements from President Trump, raising concerns of a potential 10%-20% market correction. While some investors remain hopeful for future gains, the absence of updates has led to disappointment, with Bitcoin trading around $104,172. Analysts suggest that a correction could present buying opportunities, particularly in altcoins benefiting from new ETF approvals and regulatory changes.
read moreCrypto Market Faces Correction as Bitcoin and Altcoins Drop Significantly
Bitcoin dipped below $96,000, continuing a market-wide selloff triggered by Federal Reserve Chair Jerome Powell’s comments on interest rate cuts. Major altcoins like Ethereum and Cardano fell over 10%, with the CoinDesk 20 Index dropping more than 10% as nearly $1.2 billion in leveraged positions were liquidated. Analysts suggest the correction may be a healthy pullback after a significant price surge, compounded by year-end tax strategies.
read moreEthereum ETFs Experience Record Inflows as Market Momentum Shifts
Spot Ethereum ETFs in the U.S. experienced record inflows of $333 million, surpassing Bitcoin funds as interest in altcoins and decentralized finance surged. BlackRock’s iShares Ethereum Trust and Fidelity Ethereum Fund led the way, attracting $250 million and $79 million, respectively. This momentum reflects a shift in sentiment towards Ethereum, bolstered by a favorable regulatory outlook and a resurgence in the DeFi space.
read moreBitcoin Nears $60,000 Amidst Surging Investor Interest and ETF Demand
Bitcoin is rapidly approaching the $60,000 mark, driven by surging investor interest and record-breaking trading volumes for spot bitcoin exchange-traded funds. The cryptocurrency’s market cap has reached $1.2 trillion, with experts anticipating a potential retest of its all-time high. The market sentiment is currently characterized by “extreme greed,” signaling a potential correction, while the demand generated by ETFs is outpacing the daily supply, leading to a significant price increase.
read moreBitcoin’s Potential to Reach $150,000 in 2024 Driven by ETFs
Bitcoin analyst Tom Lee predicts a potential surge to $150,000 this year, citing increased demand from new ETFs, a forthcoming supply decrease, and supportive monetary policies. Despite some caution from other analysts, the overall sentiment remains positive, with the upcoming halving event expected to further drive demand and potentially validate Lee’s ambitious target. Leading the institutional interest is BlackRock’s iShares Bitcoin Trust ETF, which holds a significant $6.23 billion in assets, marking a milestone in Bitcoin’s journey towards mainstream acceptance.
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