Bitcoin Reclaims $114K as Crypto Markets Bounce into “Uptober” – 29/9/2025
Crypto markets staged a strong rebound Monday following last week’s sharp sell-off, with Bitcoin (BTC) climbing back above $114,000 after dipping below $109,000 on Friday. The move aligns with gains in gold and equities, driven by declining interest rates in Western economies and seasonal optimism heading into October—often referred to as “Uptober” for historically bullish price action.
Other major cryptocurrencies, including Ethereum (ETH), XRP, and Solana (SOL), posted gains of around 4% over the past 24 hours. Gold extended its rally, rising 1.2% to a fresh record above $3,850 per ounce, while the Nasdaq gained 0.8%.
Crypto-focused stocks mirrored the rally. Coinbase (COIN) rose 5.7% and Circle (CRCL) jumped 7.7%, while mining and AI-related firms saw notable gains: IREN and Cipher Mining (CIFR) advanced 4%, and MARA Holdings (MARA) surged 8%.
Paul Howard, senior director at trading firm Wincent, said the rebound was expected as institutional and retail support emerged around $110,000, though he cautioned that downside risk persists until a clearer macroeconomic catalyst appears.
Traders are watching the Friday jobs report for signals on the labor market, but a potential government shutdown could delay the release, leaving the Federal Reserve to hold its October 28–29 meeting without key economic data.
Seasonal Tailwinds Could Boost Bitcoin
Market strategist Joel Kruger of LMAX Group highlighted that October historically delivers strong returns for bitcoin, averaging 22% gains since 2013, with November even stronger at 46% average gains. Combined with robust adoption and regulatory milestones in 2025, these seasonal trends could set the stage for bitcoin to test—and potentially surpass—its all-time highs before year-end.
