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Bitcoin price has rebounded slightly to $109,600 after yesterday\u2019s dip<\/a> to $106,000, ending what has been a tumultuous October for bitcoin.<\/p>\n Traders are now cautiously optimistic as the market transitions from the failed \u201cUptober\u201d rally to the historically stronger month of November.<\/p>\n Yesterday, Bitcoin tumbled<\/a> over 3% amid renewed risk-off sentiment sparked by Federal Reserve Chair Jerome Powell\u2019s hawkish comments<\/a> on future rate cuts and renewed U.S.\u2013China trade tensions.\u00a0<\/p>\n The dip extended a week-long decline that began after the Fed delivered a modest 25 basis point cut but signaled uncertainty for December\u2019s meeting.<\/p>\n Bitcoin entered October with high hopes for \u201cUptober,\u201d a seasonal trend historically associated with double-digit gains.\u00a0<\/p>\n Early in the month, Bitcoin briefly touched<\/a> $125,000, only to give back much of those gains amid macroeconomic jitters and slow institutional activity. On October 10, the bitcoin price dropped sharply<\/a> to the $108,000 range from $117,000 as the U.S.-China trade tensions and new tariffs triggered a market-wide sell-off.\u00a0<\/p>\n At its lowest, Bitcoin fell about 10% on that day and other cryptocurrencies dropped 20\u201340%, though it later rebounded to around $113,000 amid high volatility.<\/p>\n Strategy (MSTR), one of the largest Bitcoin accumulators, bought just 778 BTC in October \u2014 down 78% from September \u2014 bringing its total holdings to over 640,000 BTC.<\/p>\n Altcoins mirrored Bitcoin\u2019s struggle this month. At times, Ethereum fell below $3,790, while Solana dipped under $187. Despite the weakness, Bitcoin dominance remains steady at roughly 57%, suggesting the market is consolidating rather than capitulating.<\/p>\n Looking ahead, traders are turning their attention to next month, November \u2014 sometimes nicknamed \u201cMoonvember\u201d \u2014 which historically follows strong October performances.\u00a0<\/p>\n Despite macroeconomic pressures, some analysts see potential for Bitcoin to retest all-time highs going into 2026, assuming stable Fed guidance, renewed inflows, and no new shocks.<\/p>\nBitcoin price had a disappointing October<\/h2>\n
Bitcoin price rebound in \u2018Moonvember?\u2019<\/h2>\n