Bitcoin set for first October loss since 2018, ending 7-year streak By Investing.com
Update: 2025-10-31
Description
Bitcoin's First October Loss in Three Years: A Volatile Month in CryptoIn a surprising turn of events, Bitcoin is set to close October with a loss for the first time since 2018, marking a significant shift in the crypto market's usual trend of positive October performances. The coin has been on a downward spiral for the past few weeks, with investors favoring safer investments over riskier assets like crypto. The broader market instability has further exacerbated the situation, pulling Bitcoin down with it.The month also saw a dramatic drop in Bitcoin's price following U.S. President Donald Trump's announcement of new tariffs, leading to the biggest cryptocurrency liquidation to date and causing many investors to exit the market hastily. Despite the recent dip, Bitcoin is still up by more than sixteen percent since January, highlighting the unpredictable nature of the crypto world and the importance of staying informed about global news and political moves in the market.
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