Bitcoin closes its worst October since 2014, down about 7%, as "Uptober" fails for a second year

October was supposed to be bitcoin's month. It ended as its weakest October in 12 years. The monthly candle closed at midnight UTC on Saturday, 5pm Pacific, with bitcoin trading in a narrow band around $77,400; CoinGecko puts the past 24 hours' range at about $77,050 to $77,660. That is about 7% below the roughly $83,600 at which CryptoTicker says it opened the month. Cointelegraph reported on Friday, citing CoinGlass data, that a close around $77,000 would be bitcoin's worst October since 2014. The coin was still near $77,400 as of 9pm Pacific on Saturday.

The "Uptober" nickname rested on a strong record. CoinGlass data cited by crypto.news shows bitcoin rose in 10 of the 13 Octobers from 2013 to 2025, with a median monthly gain of 14.6%. The exceptions were 2014, 2018 and 2025, when it slipped 3.95%, according to CoinGlass. This year's loss is the first time in that record, which starts in 2013, that October has gone red two years running.

The damage came in the final week. Bitcoin had reached $87,197 on October 2, per crypto.news, before AI spending worries hit tech stocks, spot ETF flows turned negative and, on Thursday, Binance disclosed the $6.3 billion theft that pushed the price to its lowest since mid-September. Crypto-linked shares took the brunt on Friday: Coinbase fell more than 13%, Circle more than 9% and Strategy about 8%, Cointelegraph reported, citing Yahoo Finance data.

Sentiment has followed. Alternative.me's Fear and Greed Index stood at 30, in "fear" territory, on Saturday, down from 51 a week earlier and 74, "greed," a month ago. Bitcoin's market value was about $1.56 trillion, per CoinGecko.