October 2025: Will Bitcoin and Ethereum Lead the Cryptocurrency Rebound?
As gold reaches a new all-time high, Fidelity has made significant purchases of Bitcoin and Ethereum. With "Uptober" approaching, will this month lay the foundation for a new round of cryptocurrency gains?
Why "Uptober" Matters for Cryptocurrency
In the world of cryptocurrency, October has traditionally been known as "Uptober", often marking a strong market recovery after bearish performance in September. With gold hitting all-time highs, giants like Fidelity are making large purchases of Bitcoin (BTC) and Ethereum (ETH), and key US economic data about to be released, traders are asking: Will Uptober 2025 be a turning point for the crypto market?
Gold Breaks Records—Will Bitcoin Be Next?
Gold has soared to new all-time highs, indicating a renewed investor interest in hard assets as protection against inflation and economic uncertainty. Traditionally, Bitcoin has been compared to digital gold. A strong gold market could spill over into the crypto market, making BTC the next candidate for capital inflows.
- Gold All-Time High Impact: Safe-haven assets gain attention
- Bitcoin as "Digital Gold" narrative may be strengthened
Fidelity's Massive BTC and ETH Accumulation
Institutional interest remains a powerful driver. Fidelity has just purchased:
- $298.7 million worth of BTC
- $202.2 million worth of ETH
This shows the confidence that traditional financial giants have in these two leading crypto assets. If institutions continue to accumulate, this could become a catalyst for Uptober gains, especially for Bitcoin and Ethereum.
Job Vacancy Data: Macro Variables
US job vacancy data will be released at 10:00 AM ET, with expectations of 7.1 million vacancies. If the job market performs better than expected, the Federal Reserve may remain cautious about rate cuts, which could cool risk assets like cryptocurrencies. On the other hand, weaker data could boost hopes for further easing, pushing Bitcoin and Ethereum higher.
October Bitcoin Outlook
- Current support: Around $110,000
- Upside target: If October momentum kicks in, retest around $120,000
- Risk: Failure to hold above $110,000 could reopen the path to $100,000
Bitcoin remains the market leader, and institutional accumulation combined with gold’s all-time highs suggests October optimism.
October Ethereum Outlook
- Current range: Around $4,000
- Upside target: If whale buying momentum continues, reach above $4,500
- Risk: Falling below $3,800 could trigger a bearish turn
With Fidelity’s large ETH purchases, Ethereum is also poised to perform well as sentiment improves. Its role in decentralized finance and upcoming ecosystem upgrades continue to attract long-term investors.
An October to Remember?
The alignment of positive signals—gold’s new all-time highs, Fidelity’s accumulation of BTC and ETH, and October’s seasonal optimism—gives October 2025 strong bullish potential. While macroeconomic data remains a variable, traders may look back on this October as the month when Bitcoin and Ethereum reignited the crypto bull market.
$BTC, $ETH, $GOLD
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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