Bitcoin’s October 2025 Rollercoaster: Hits $126K, 17% Crash, and Fed-Fueled Comeback
Price Rollercoaster and Macro Drivers Bitcoin’s wild swings have been driven by both technical and macro factors. In early October, massive ETF inflows and positive sentiment (easing US-China trade rhetoric, a dovish Fed pivot) sent BTC roaring to ~$126,000 on Oct. 5 reuters.com. But on Oct. 10, President Trump announced 100% tariffs on Chinese imports, triggering a broad risk-off move. Bitcoin plunged below $105,000 (a ~15% drop) in one day reuters.com, wiping out over $19 billion of leveraged crypto positions (the largest 24-hour liquidation ever) reuters.com. Altcoins crashed even harder – for example, Avalanche and Dogecoin each fell around 60–70% from recent