Bitcoin News Today: Bitcoin Eyes $110K: Miners Remain Upbeat Amid Economic Uncertainty
- Bitcoin fell 3.6% in October 2025, its first monthly loss since 2018, trading near $110,000 amid analyst debates over November's potential rebound or further decline. - The drop followed $19B in leveraged liquidations and was worsened by Trump's 100% China tariffs and delayed Fed rate cuts during a government shutdown. - Miner activity shows optimism: stabilized reserves, improved hashprice metrics, and rising on-chain fees could support a $120,000 breakout if prices hold above $110,000. - Technical indi
Bitcoin’s latest price swings have ignited a debate between bullish enthusiasm and wary skepticism, as the cryptocurrency experiences its first notable October drop in almost ten years, casting doubt on the strength of its ongoing rally. After ending October 2025 down by 3.6%—marking its first monthly decline since 2018—Bitcoin (BTC) is hovering around $110,000. Analysts remain divided on whether November will bring a recovery or deepen the current downturn, according to an
This sell-off has reduced Bitcoin’s market capitalization to $2.17 trillion, a sharp drop from its $126,300 high earlier this year. Still, some market participants remain optimistic: the Economic Times article pointed out that
At the same time, miner behavior is providing some optimism. Bitcoin’s stabilization near $115,000 has helped steady miner reserves, reducing the need for forced sales due to operational expenses after the halving, according to a
Recent technical signals also point to a possible rebound, as highlighted in a
Despite these conflicting signals, overall market sentiment remains cautious. Although ETF inflows have steadied, broader economic challenges—including Trump’s trade policies and the Fed’s lack of action—continue to weigh on riskier assets, as the Economic Times observed. For now, Bitcoin’s direction will depend on whether November’s “revenge” rally materializes or if negative fundamentals prolong the slump.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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