Bitcoin Price Hits $114K on Oct 28, 2025 – Uptober Rally, Trade Deal Buzz & $200K Predictions
Bitcoin’s price is hovering near $114,000–$115,000 on October 28, marking a strong comeback after this month’s dramatic swingscoindesk.com. Just a few weeks ago, the world’s largest cryptocurrency was in freefall – on October 10 it plunged from the mid-$120Ks to almost $104K within hours amid a global market shockts2.tech. That sudden drop came after U.S. President Donald Trump stunned markets by announcing a 100% tariff on Chinese exports, which sparked a flight from risk assets worldwide. Crypto was hit especially hard: by that Friday evening, Bitcoin had fallen ~8.4% to about $104,782, and Ether about –5.8% to $3,637ts2.tech. More than $19 billion in leveraged crypto positions were liquidated in 24 hours – the largest such wipe-out on recordts2.tech – as cascading margin calls accelerated the crash. The mid-October rout briefly sent crypto sentiment into deep fear. But notably, that panic was short-lived. By October 12, buyers cautiously returned, stabilizing BTC around the $111K–$112K level – roughly 10% below its peakts2.tech. Market observers noted that the worst of the forced selling had likely passed, as those rapid liquidations flushed out weaker leveraged positionsts2.tech. Over the next two weeks, Bitcoin steadily ground its way back up. The period that began with “tariff
