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Like every other leading cryptocurrency, Bitcoin, the world’s largest cryptocurrency by market capitalization, failed to meet strong bullish expectations for October.
Despite high expectations of a massive rally for October, Bitcoin recorded a negative return for the month, according to data provided by crypto analytical platform CryptoRank.
Bitcoin breaks six-year streak of positive returns ‘Uptober’.
Bitcoin closed October on a negative note despite initial hype fueled by bullish expectations. Data from the source shows that the leading cryptocurrency slipped 3.93% in October, breaking its six-year streak of positive performances “Uptober”.
In the broader crypto market, October is known as a month for high bullish sentiment, when most major cryptocurrencies record remarkable monthly returns.
Afterwards Bitcoin recorded a promising September rebound of 5.31%, had ignited optimism among investors, fueling a remarkable hype for the cryptocurrency as it entered October.
However, Bitcoin failed to meet traders’ bullish expectations after constantly facing severe consolidations and increased market volatility during the month. This has seen Bitcoin struggle to maintain its upward trajectory through October 2025.
While Bitcoin has maintained a positive October performance for the past six years, the decline witnessed this time marks Bitcoin’s first negative October since 2019, when it rose an impressive 10.5%.
Historically, October has been one of Bitcoin’s strongest months, with an average of 33.4% gains since 2011. Thus, this year’s decline stands as a notable underperformance that cannot be ignored.
Bitcoin maintains a positive outlook for 2025
Despite the disappointing October moment, 2025 has still been a moderately positive year for Bitcoin, gaining institutional interest and steady adoption as a strategic treasury reserve asset.
After the remarkable price rallies in the previous months, Bitcoin remains around 20% year to date, all thanks to the decent positive returns it recorded in April (+14.2%), May (+11.1%) and July (+8.02%).
While it also saw recurring mid-year setbacks such as its negative performance in August when it decreased by 6.43%, a strong resilience from large institutions such as StrategyBlackRock and others helped the asset to maintain a positive outlook for the year.
