BTC Climbs Past $114K Ahead of Historically Bullish October

Bitcoin Surges Past $114K as Crypto Markets Ride Seasonal Upside – 29/9/2025

After last week’s sharp pullback, crypto markets bounced back Monday, with Bitcoin (BTC) reclaiming $114,000 following a drop below $109,000. The rebound mirrors gains in gold and major stocks, driven by low interest rates in the West and seasonal optimism as traders look toward October, often dubbed “Uptober”.

Other top cryptocurrencies—including Ethereum (ETH), XRP, and Solana (SOL)—gained roughly 4% over 24 hours. Gold rose 1.2% to a record above $3,850 per ounce, while the Nasdaq advanced 0.8%.

Crypto stocks also recovered, with Coinbase (COIN) up 5.7% and Circle (CRCL) climbing 7.7%. Mining and AI-focused companies saw notable gains: IREN and Cipher Mining (CIFR) rose 4%, while MARA Holdings (MARA) surged 8%.

Paul Howard, senior director at Wincent, said support at $110,000 from institutional and retail buyers helped stabilize BTC, though he cautioned that downside risk remains until a larger macro catalyst emerges.

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

Seasonal Tailwinds Favor Bitcoin

LMAX Group strategist Joel Kruger highlighted October as one of bitcoin’s historically strongest months, with average gains of 22% since 2013. November often outperforms further, averaging 46% gains. Kruger noted that strong adoption and regulatory milestones this year, combined with seasonal factors, could position bitcoin to test or surpass its all-time highs by year-end.