BTC Surges Beyond $114K with Eyes on October Momentum

Bitcoin Surges Above $114K as Crypto Markets Rebound Ahead of “Uptober” – 29/9/2025

After last week’s steep sell-off, crypto markets bounced strongly on Monday, with Bitcoin (BTC) reclaiming $114,000 after briefly falling below $109,000. The rally mirrors gains in gold and major stock indexes, fueled by lower interest rates in Western economies and seasonal optimism heading into October, historically one of bitcoin’s strongest months, often called “Uptober.”

Other leading cryptocurrencies—including Ethereum (ETH), XRP, and Solana (SOL)—posted roughly 4% gains over the past 24 hours. Gold hit another record, rising 1.2% above $3,850 per ounce, while the Nasdaq gained 0.8%.

Crypto-focused equities also rebounded. Coinbase (COIN) climbed 5.7% and Circle (CRCL) surged 7.7%. Mining and AI-focused firms saw solid gains: IREN and Cipher Mining (CIFR) rose 4%, and MARA Holdings (MARA) jumped 8%.

Paul Howard, senior director at trading firm Wincent, noted that support around $110,000 from institutional and retail buyers helped stabilize BTC, though downside risk remains until stronger macro catalysts emerge.

Traders are monitoring Friday’s jobs report for further guidance, but a potential government shutdown could delay its release, complicating the Federal Reserve’s Oct. 28–29 policy meeting.

Seasonal Momentum Could Lift Bitcoin

LMAX Group strategist Joel Kruger highlighted that October typically delivers strong returns for bitcoin, averaging 22% gains since 2013, with November historically even stronger at 46%. Kruger added that ongoing adoption and regulatory progress this year, combined with these seasonal tailwinds, could help BTC challenge or surpass previous all-time highs before year-end.