Bitcoin investors optimistic: Majority expects bullish “Uptober”

October is approaching, and with it comes the expectation of a particularly good month for the stock market. In the cryptocurrency community, it's also referred to as “Uptober.” Over the past ten years, Bitcoin has recorded significant price gains in most Octobers, sometimes reaching double-digit gains within a few weeks. Only in exceptional years have external shocks, such as regulatory interventions or macroeconomic crises, broken this pattern. Will this repeat itself in 2025? We asked the BTC-ECHO community.
The answer is relatively clear: 8,125 votes were cast, of which 64 percent expect an “Uptober”—approximately 5,200 respondents. Seven percent are undecided. 29 percent are negative.
Bitcoin is doing well at the start of the week today. Up 2.5 percent, it's trading at over $112,000, about 9 percent off its all-time high. Its market capitalization is $2.2 trillion.
Two more interest rate cuts by the Federal Reserve are expected this year, which will have a positive impact on the price of Bitcoin and other cryptocurrencies. In addition, institutional demand is growing enormously, both for the world's oldest cryptocurrency and for many altcoins that are on the verge of receiving their own spot ETF approvals.
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