Bitcoin Climbs Above $114K as Crypto Markets Rebound Ahead of “Uptober” – 29/9/2025
Crypto markets recovered sharply Monday following last week’s sell-off, with Bitcoin (BTC) surging past $114,000 after dipping below $109,000. The rebound aligns with gains in gold and major equities, supported by falling interest rates in Western economies and seasonal optimism heading into October—historically one of bitcoin’s strongest months, often called “Uptober.”
Other major cryptocurrencies—including Ethereum (ETH), XRP, and Solana (SOL)—posted roughly 4% gains over 24 hours. Gold added 1.2%, setting a new record above $3,850 per ounce, while the Nasdaq climbed 0.8%.
Crypto stocks also bounced. Coinbase (COIN) rose 5.7%, Circle (CRCL) gained 7.7%, and mining and AI-focused firms such as IREN and Cipher Mining (CIFR) advanced 4%, with MARA Holdings (MARA) up 8%.
Paul Howard, senior director at trading firm Wincent, said institutional and retail buyers provided strong support near $110,000, though he noted that downside risk remains until more decisive macroeconomic moves emerge.
Traders are eyeing Friday’s jobs report for guidance on the labor market, though a potential government shutdown could delay the release, complicating the Federal Reserve’s Oct. 28–29 policy meeting.
Seasonal Trends Could Boost BTC
LMAX Group strategist Joel Kruger noted that October typically delivers strong bitcoin returns, averaging 22% gains since 2013, with November historically stronger at 46%. He added that the combination of continued adoption, regulatory milestones, and seasonal tailwinds could position bitcoin to challenge or exceed its all-time highs before the end of 2025.
