{"id":50083,"date":"2025-09-29T15:31:51","date_gmt":"2025-09-29T15:31:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=50083"},"modified":"2025-09-29T15:31:51","modified_gmt":"2025-09-29T15:31:51","slug":"bitcoin-surges-above-114k-as-traders-look-ahead-to-uptober","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=50083","title":{"rendered":"Bitcoin Surges Above $114K as Traders Look Ahead to ‘Uptober’"},"content":{"rendered":"
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A sharp rally which began late in the weekend continued into U.S. Monday morning trading hours, with bitcoin (BTC) re-taking the $114,000 after having tumbled below $109,000 last Friday.<\/p>\n

The move suggests crypto traders are responding to the same macroeconomic factors \u2014 namely lower interest rates across the West \u2014 that’s been driving gold and many stock indexes to new record highs on nearly a daily basis. It also suggests a seasonal factor, with investors shifting focus from historical September weakness to October \u2014 sometimes dubbed “Uptober” due to the tendency for price to rise.<\/p>\n

Among crypto-related stocks, Coinbase (COIN) and stablecoin issuer Circle (CRCL) up 5.7% and 7.7%, respectively.<\/p>\n

Particularly hard hit during last week’s carnage, miners are seeing a sizable bounce. Artificial intelligence and high performance computing focused stocks such as IREN (IREN) and Cipher Mining (CIFR) are both up 4%. MARA Holdings (MARA) \u2014 with a greater emphasis on pure bitcoin mining and stacking \u2014 is ahead 8%.<\/p>\n

The small bounce is not surprising, said Paul Howard, senior director at trading firm Wincent, despite the macro environment being a little uncertain.<\/p>\n

“We have seen institutional and retail support at $110,000 from those that missed BTC at the $100,000 level,” he said in a note. “There is still downside risk until we see a bigger macro move the coming month.”<\/p>\n

Friday\u2019s jobs report could offer traders a clearer view of the labor market, but a looming government shutdown threatens to delay the release. If the shutdown drags on, the Federal Reserve may be forced to hold its next policy meeting on Oct. 28\u201329 without access to critical economic data.<\/p>\n

October could bring relief for crypto markets<\/h4>\n

Joel Kruger, market strategist at LMAX Group, said that seasonality “is about to turn sharply in bitcoin\u2019s favor,” as the typically weak September is giving way to bitcoin’s strongest months historically.<\/p>\n

BTC posted a 22% average return in October since 2013, with November producing even stronger gains of 46% through the same period, he noted.<\/p>\n

“Against the backdrop of a landmark year for crypto \u2014 marked by significant advances in adoption and regulation \u2014 these seasonal tailwinds could set the stage for bitcoin to challenge and even surpass previous record highs before year-end,” Kruger said.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A sharp rally which began late in the weekend continued into U.S. Monday morning trading hours, with bitcoin (BTC) re-taking the $114,000 after having tumbled below $109,000 last Friday. The move suggests crypto traders are responding to the same macroeconomic factors \u2014 namely lower interest rates across the West \u2014 that’s been driving gold and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-50083","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/50083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50083"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/50083\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}