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Bitcoin climbs above $118,000 as investors pin hopes on 'Uptober' bounce
Yahoo Finance·2025-10-01 16:58

Bitcoin (BTC-USD) climbed more than 4.5% on Wednesday to top $118,000 in afternoon trade as a US government shutdown injected uncertainty into financial markets. Investors also saw seasonal tailwinds for crypto markets lifting bitcoin out of a recent slump. October has historically been bitcoin's strongest month, rising in 10 of the past 12 years, according to Compass Point Research, leading many in crypto markets to refer to the month as "Uptober." Seasonality also favors the fourth quarter, with the tok ...