TSX drops after Canadian index edges higher in prior session
Investing.com -- Bitcoin is on track to post a loss in October for the first time since 2018, breaking a seven-year streak of gains during a month that had gained a reputation for being favorable among cryptocurrency traders.
The world’s largest cryptocurrency is heading toward a nearly 5% decline this month as it has struggled in recent weeks amid broader market concerns and reduced investor risk appetite.
October of 2025 also witnessed the largest cryptocurrency liquidation in history following U.S. President Donald Trump’s announcement of a 100% tariff on Chinese imports and threats of export controls on critical software.
During the October 10-11 period, Bitcoin dropped to as low as $104,782.88, shortly after reaching a new all-time high above $126,000 just days earlier.
Despite the October decline, Bitcoin remains up more than 16% for the year so far.