Bitcoin ended October with a loss for the first time since 2018, breaking a seven-year streak of gains in a month that has gained a reputation for being favorable among cryptocurrency traders.
The world's largest cryptocurrency is heading for a near 5% decline this month as it has struggled in recent weeks amid broader market concerns and a decrease in investor appetite for risk.
October 2025 also witnessed the largest cryptocurrency liquidation in history, following the announcement by US President Donald Trump of a 100% tariff on Chinese imports and threats of export controls on critical software.
Between October 10-11, bitcoin dropped to $104,782.88, shortly after reaching a new all-time high above $126,000 just a few days earlier.
Despite the October decline, bitcoin is still showing growth of more than 16% since the beginning of the year.