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So much for Uptober 🎃
After six straight years of October gains for Bitcoin, the "Uptober" streak just got busted with a down month. Crypto analysts explain why things went sour.
Andrew Hayward
November 01, 2025
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📝 What you need to know
October is historically one of Bitcoin’s strongest months, posting gains the past six years straight and earning it the moniker “Uptober” from happy investors. But despite a hot start, this October proved to be a downer, with Bitcoin’s price finishing the month down 3.69%.
Decrypt spoke to analysts about what caused the streak-breaking spooky month, and they pointed to unsettling macro conditions—like President Trump’s tariff threats and other economic concerns—along with liquidity issues, the potential lack of a third rate cut to come this year, and traders thinking the typical four-year cycle’s hit its peak.
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“With bipartisan market structure legislation back on track and several altcoin exchange-traded products set to launch, we expect that the crypto market setback will be short-lived.”
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